Balance sheets are financial statements that show liabilities, assets, etc at a particular point in time. A balance sheet is used by investors to judge a company's capital structure and determine its returns. Check out the following guide to learn how to prepare a balance sheet using Genius Tax Software. As well as its purpose and benefits, we also discussed its advantages. Read also: https://blog.saginfotech.com/how-prepare-balance-sheet-genius-tax-return-software

11. Step 3:- Select the client for which you want to import the Trial Balance.

12. Step 4:- Enter the year for which you want to import the Trial Balance.

13. Step 5:- Select the options through which you want to import the Trial Balance and if
you want to import the same through the Tally 9 XML Option can do the same by
attaching a List of Accounts and Trial Balance File downloaded from Tally ERP 9.

14. Step 6:- After this Trial Balance will get imported and prepared.

15. Step 7:- After Importing the Trial Balance Go to ‘Income Tax’ and then
‘Balance Sheet/3CD’.

16. Step 8:- Select the Client for which you want to prepare Balance Sheet.

17. Step 9:- Select the Year for which you want to prepare Balance Sheet.

18. Step 10:- Click on Balance Sheet Tab.

19. Step 11:- If you want to prepare it manually then you can do so by going
through three dots but if you want to import the figures through Trial
Balance can do it from Import from Trial Balance.

20. Step 12:- Click on the Next Button

21. Step 13:- In the Green tabs you have to fill in the Schedules and in the
Yellow fields you have to bifurcate the amount. After that Save the Draft
and Transfer it to the Final Accounts.

22. Step 14:- After that the Balance Sheet will get prepared.

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24. Thanks!
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