# Balance Sheet The Balance Sheet report shows a snapshot of the company's account balances as of the report date. The report date defaults to the current date but can be changed to any other date. The Balance Sheet has two main totals, Assets and Liabilities & Equity. Each of these is subtotaled into current and long-term portions. The following account types compose current and long-term categories: * CURRENT ASSETS * Bank * Accounts Receivable * Inventory * Other current Assets * LONG-TERM ASSETS * Fixed Assets * Other Assets * CURRENT LIABILITIES * Accounts Payable * Credit Cards * Other Current Liabilities * LONG-TERM LIABILITIES * Long-Term Liabilities After current and long-term, the hierarchy of subtotaling is Account Type, Account Number/Name. --- # Agent Instructions: Querying This Documentation If you need additional information that is not directly available in this page, you can query the documentation dynamically by asking a question. Perform an HTTP GET request on the current page URL with the `ask` query parameter: ``` GET https://infinisuite.gitbook.io/erp/information/balance-sheet.md?ask= ``` The question should be specific, self-contained, and written in natural language. The response will contain a direct answer to the question and relevant excerpts and sources from the documentation. Use this mechanism when the answer is not explicitly present in the current page, you need clarification or additional context, or you want to retrieve related documentation sections.