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Assets & Liabilities

Use the Assets & Liabilities workspace to understand your balance sheet at a glance, capture new assets or loans, and stay ahead of follow-up tasks.

Overview tab​

  • At-a-glance cards show total assets, liabilities, equity, and key ratios (Current Ratio, Quick Ratio, Debt-to-Equity). If something looks off, drill into the tables below.
  • Filters and search help you focus on a specific location or quickly find an account by name or code.
  • Balance sheet tables organise everything into Current Assets, Non-Current Assets, Current Liabilities, Non-Current Liabilities, and Equity. Each row lists current figures alongside the previous period and prior year so you can see movement over time. Expand or collapse sections to keep the view tidy.
  • Financial health insights explain what each ratio means and whether it’s trending up or down, so you can spot risks early.
  • Helper cards highlight to-dos such as assets missing depreciation details or loans nearing maturity, with quick links to the relevant forms.

Assets tab​

  • Open Add Asset to log new equipment, property, vehicles, software, or investments.
  • Fill out the basics: name, asset type (current, fixed, intangible, investment), category, and a short description.
  • Provide purchase price, current value, and the purchase date. For fixed assets, pick a depreciation method (straight-line, declining balance, or sum-of-years) and add the useful life so future reminders stay accurate.
  • Optional details—location, serial number, vendor—make auditing and tracking easier.
  • A live preview card on the right shows what you’ve entered. Submit the form to add the asset immediately; it appears in the balance sheet tables without leaving the page.

Liabilities tab​

  • Choose Add Liability whenever you need to capture a credit card, loan, lease, or other obligation.
  • Select whether it’s current or long-term, pick the closest category, and name it clearly (e.g., “Delivery Van Loan”).
  • Enter the original amount, current balance, interest rate, and start date. Add a maturity date if there is one, plus payment frequency and minimum payment so you can plan ahead.
  • Record the creditor, account number, or other notes for quick reference.
  • Submit the form to update the totals right away; the overview cards and tables reflect the change instantly.

Data engine​

As you add or edit records, the page recalculates totals, ratios, and helper tasks automatically, so you always see the latest numbers without refreshing.

Tips​

  • Always search before adding a new item so you don’t duplicate accounts.
  • For fixed assets, choose the depreciation method and useful life while you’re entering the purchase—future reminders depend on it.
  • Check the helper cards regularly; they’re built to nudge you about follow-up tasks like reconciling balances or reviewing loans.