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Balance sheet

Your Estonian company's balance sheet on any date: assets, liabilities and equity with a built-in balance check and comparison against a second date.

If the profit & loss is a film of the period, the balance sheet is a photograph. It shows where the company stands at one precise date — everything it owns, everything it owes, and what's left over. Find it under Reports → Balance Sheet and pick the As of date.

The three sections

  • Assets — what the company owns and what it's owed: money in the bank, unpaid sales invoices, equipment and so on.
  • Liabilities — what the company owes to others: unpaid supplier invoices, taxes not yet paid, any loans.
  • Equity — what's left for the owners once liabilities are subtracted from assets: share capital plus the profits kept in the company over the years.

Within equity you'll see a line called Current year profit/loss. That's the running result from your profit & loss for the current financial year, shown where it ultimately ends up — profit doesn't vanish at year end; it settles into equity.

A snapshot, not a story

Unlike the P&L, the balance sheet doesn't cover a period. It's cumulative: every entry ever recorded, from your first day to the date you pick, rolled into one position. Change the As of date and the photograph is retaken. The Compare to field adds a second date alongside — useful for seeing how the position has shifted since, say, last year end.

As with the P&L, every account line links through to Transaction History, so any figure can be traced back to the entries behind it.

The balance check

A badge at the top tells you whether the sheet balances — total assets equal to total liabilities plus equity. That equality is the oldest rule in accounting: everything the company has was funded either by money it owes or by its owners. If the badge turns red with "does not balance", the usual culprit is unposted entries, and the message says as much.

Where the opening numbers come from

If you brought historical figures into Arvello during setup, those opening balances are the starting point every later balance sheet builds on. Get them right once and every snapshot afterwards inherits the accuracy.

ℹ️It anchors to your annual report

Your balance sheet at the last financial year end needs to match the one in the annual report you filed with the Business Register — that filing is the official public record, and next year's report opens from its closing figures.

If the two have drifted apart, the place to start untangling it is the year-end checklist.

Taking it elsewhere

Export CSV and Export PDF produce the report as at the chosen date, including the comparison column if one is set.

Key Takeaways

  1. 1Assets are what the company owns and is owed; liabilities what it owes; equity what's left for the owners
  2. 2It's a snapshot at a single date, built from everything recorded up to that point
  3. 3Opening balances from your imported history flow into every later snapshot
  4. 4The year-end balance sheet anchors to your filed annual report