How to build a balance sheet using Teal.
sub_type
totals (e.g. “Total Current Assets”) and “Retained Earnings”.
The values in the report are calculated based on all line entries in each ledger going back to the user’s start date, plus any opening balances.
The balance sheet ties to the income statement report via this special calculated total called “Retained earnings”. Retained earnings is the cumulative
profit calculated from the sum of the revenue and expense ledgers from the beginning of the business up until the date of the balance sheet report.