Docs > Big Picture > Balance Sheet Summary
Full accounting of asset and liability accounts with Balance sheet
Some full accounting of asset and liability accounts and some partial accounting -- No balance sheet
Transaction tracking of accounts only -- No balance sheetYou need to have decided if you are going to track dedicated checking nd credit card accounts, which enables a Balance Sheet, you need to decide if you are tracking some dedicated checking and credit cards and some other transctions, which enables a convoluted balance sheet. You need to have decided if you are just giong to track transactions, which will not enable a balance sheet, but if your transaction count is very low, and your accounting is transparent, it can work for your business.
Some full accounting of asset and liability accounts and some partial accounting -- No balance sheet
Transaction tracking of accounts only -- No balance sheetYou need to have decided if you are going to track dedicated checking nd credit card accounts, which enables a Balance Sheet, you need to decide if you are tracking some dedicated checking and credit cards and some other transctions, which enables a convoluted balance sheet. You need to have decided if you are just giong to track transactions, which will not enable a balance sheet, but if your transaction count is very low, and your accounting is transparent, it can work for your business.