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Balance Sheet


The Balance Sheet is a fundamental feature of RunHOA financials, providing a snapshot of the organization’s financial condition at a specific point in time. It is structured to reflect the accounting equation (Assets = Liabilities + Owner’s Equity), giving a clear view of the resources controlled by the organization (assets), the obligations (liabilities), and the net worth (owner’s equity).

  1. Go to the ‘Financials’ section on the RunHOA interface.
  2. Click on the ‘Balance Sheet’ to view the organization’s financial status for the selected fiscal year.

  • Assets: Includes current assets (e.g., outstanding assessments) and fixed assets (e.g., bank accounts).
  • Liabilities: Comprises current liabilities (e.g., outstanding bills) and long-term liabilities if applicable.
  • Owner’s Equity: Represents the ownership interest in the organization’s assets after liabilities are subtracted.

  • Detailed View: Lists all assets and liabilities, along with total amounts for each category and the net owner’s equity.
  • Summary View: Provides a condensed version of the Balance Sheet, highlighting key figures.
  • Display/Print Options: Allows you to display a printer-friendly version or print the document directly.
  • Filter Options: Enables filtering of data for a customized view.
  • Chart Options: Offers the ability to visualize financial data in chart form for a quick and understandable overview.

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