Balance Sheet for Business
I am beginning to use YNAB for our small construction business. I am a contractor with no employees, just myself, my wife and subcontractors. We are an S-corp.
Is there a way to generate a Balance Sheet that my accountant will be able to work with?
Hi Bachi !
There isn't a way to automatically create a balance sheet in YNAB. You can set up a business budget so that you have all of the information you need, and use the report section to view your figures, but the format may not be what you're looking for.
Check out this article on how to set up a business budget.
Here are a few other blog posts on business budgets:
- Goodbye Quickbooks: You Need a Separate Business Budget
- Moving YNAB to YNAB
- YNAB’s Business Category Setup in YNAB Revealed.
- Goodbye Quickbooks: Use YNAB to Track Accounts Receivable
- Success Story: How YNAB Helped Me Launch A Profitable Business
Jesse also chats more about the process in this podcast about YNAB for Your Business!
I'd like to see this feature too. I'm an accountant and use YNAB for my personal finances. I run a little business on the side and would much prefer to use YNAB than Excel, which I currently use.
It would be great if the "Net Worth" report could list the balances it's reporting on. This would provide the info I'd need, and possibly enough for Bachi too.