The balance sheet must tell a credible story
The balance sheet presents what the company owns, what it owes and what remains as equity. Under the Algerian SCF, it must be prepared from accounting records that are supported, classified and reviewed.
A balance sheet cannot be read without the trial balance, general ledger and closing adjustments.
Key areas to review
Assets include fixed assets, inventories, receivables, cash and other resources. Liabilities include supplier debts, tax debts, social debts, loans and other obligations. Equity reflects capital, reserves and result.
Before publishing, review old receivables, doubtful debts, inventory valuation, tax and social balances, bank reconciliation, supplier balances and fixed asset depreciation. A clean presentation starts with justified accounts.
Link with tax and management
The balance sheet supports the tax package and management decisions. If inventory is overvalued or receivables are not reviewed, the result and financial position may be misleading.
It also helps the manager read risk: unpaid customers, old supplier balances, tax or social debts, blocked cash and inventory that no longer turns. For that reason, a SaaS accounting system should make balance-sheet accounts easy to drill into instead of treating the statement as a year-end export.
Official references
Justify before publishing
Do not wait for year-end to understand the balance sheet. Review the sensitive accounts monthly so closing becomes confirmation, not reconstruction.