Balance Sheet
A balance sheet answers what the entity owns and owes at one date. Cash, investment carrying values and prepaid assets are examples of resources; an unpaid recognized cost can appear as a payable. Assets less liabilities gives net assets. A balance is cumulative through the cutoff, so it can include events before the selected quarter as well as current-period changes.
Open Accounting → Reports → Balance Sheet to read that position. The ending NAV here is derived from the asset/liability presentation; investor capital agreement and bank agreement require their own comparisons.
Choose the reporting scope
Select Entity and its matching Accounting Period, then verify the as-of date. Without a period the report can use the latest entity period; if no matching period resolves, its cutoff can fall back to the current date.
The screenshots use Cedarbridge Reporting Example LP, July–September 2026, with fictional USD accounting records. The period is Open. These examples explain report calculations; they do not demonstrate execution of payment, posting, fee/allocation runs, valuation approval or close.
Prepared assets of USD10,340 less liabilities of USD40 give NAV of USD10,300. Matching example balances do not establish bank reconciliation or close approval.
Read the presentation
Read the statement from the underlying classifications to the category totals and then net assets. A payment can exchange cash for another asset, reduce a payable or settle a current cost; it is not automatically an expense of the same period. That is why the balance sheet should be reconciled to supporting journal classifications and timing rather than to a sum of bank outflows.
Read Account Category, GL Number, Account Name and Amount. Balances are cumulative through the cutoff. Child accounts can roll into their immediate configured parent presentation account.
Liabilities display positive credit-normal amounts. Capital / Ending Net Asset Value is calculated as Assets minus Liabilities. It is not an independently reconciled equity balance or investor capital total.
The statement includes presentation totals and controls. Read the hierarchy rather than summing every row; adding a category total to its details counts the same balance twice.
Validate before sharing
- Confirm the entity, as-of date, account classification and currency population.
- Inspect supporting balances and journal history in Trial Balance and Accounting Operations → Journal Explorer.
- Investigate source records through their operational app's explorer, or trace settlement in Cash → Transaction Explorer.
- Use Accounting Review & Close → Gross NAV / Capital Allocations for independent GL-versus-capital comparisons.
- Correct the responsible source or accounting process with approval, refresh, and repeat affected controls.
This presentation includes non-Draft journals without a separate Reversed exclusion. Unlike some neighboring reports, it does not exclude closing journals. A difference between reports can therefore require a scope/convention explanation before any accounting correction.
Its USD heading does not perform FX conversion or separate mixed currencies. Use a verified single-currency population; do not treat the currency symbol as translation evidence.
A displayed balance sheet is not approval of its contents, a completed close, or evidence that the required document package has been generated and shared. Those are separate controls and organizational procedures.
The prepared reporting example has expected assets of USD10,340 and a USD40 payable, giving NAV of USD10,300. These amounts come from the example's saved journal lines and capital ledger. Matching prepared figures demonstrate the bridge; they do not establish independent valuation, bank clearance or close approval.