diff --git a/report_balance_sheet.php b/report_balance_sheet.php
new file mode 100644
index 00000000..d722c9bb
--- /dev/null
+++ b/report_balance_sheet.php
@@ -0,0 +1,155 @@
+<?php
+require_once("inc_all_reports.php");
+validateAccountantRole();
+
+// Fetch Accounts and their balances
+$sql_accounts = "
+    SELECT 
+        a.account_id, 
+        a.account_name, 
+        a.opening_balance, 
+        a.account_currency_code, 
+        a.account_notes, 
+        a.account_type,
+        COALESCE(SUM(p.payment_amount), 0) AS total_payments,
+        COALESCE(SUM(r.revenue_amount), 0) AS total_revenues,
+        COALESCE(SUM(e.expense_amount), 0) AS total_expenses
+    FROM accounts a
+    LEFT JOIN payments p ON a.account_id = p.payment_account_id
+    LEFT JOIN revenues r ON a.account_id = r.revenue_account_id
+    LEFT JOIN expenses e ON a.account_id = e.expense_account_id
+    GROUP BY a.account_id
+    ORDER BY a.account_type, a.account_name ASC";
+
+$result_accounts = mysqli_query($mysqli, $sql_accounts);
+
+$total_assets = 0;
+$total_liabilities = 0;
+$total_equity = 0;
+?>
+
+<div class="card card-dark">
+    <div class="card-header py-2">
+        <h3 class="card-title mt-2"><i class="fas fa-fw fa-balance-scale mr-2"></i>Balance Sheet</h3>
+        <div class="card-tools">
+            <button type="button" class="btn btn-primary d-print-none" onclick="window.print();"><i class="fas fa-fw fa-print mr-2"></i>Print</button>
+        </div>
+    </div>
+    <div class="card-body p-0">
+        <div class="table-responsive-sm">
+
+        <div class="text-center">
+            <h2 class="text-dark">
+                <?php echo nullable_htmlentities($session_company_name);?>
+            </h2>
+            <h3 class="text-dark">Balance Sheet</h3>
+            <h5 class="text-dark">As of <?php echo date("F j, Y"); ?></h5>
+        </div>
+            <table class="table table-sm">
+                <thead class="text-dark">
+                    <tr>
+                        <th>Account Type</th>
+                        <th>Account Name</th>
+                        <th class="text-right">Account Balance</th>
+                    </tr>
+                </thead>
+                <tbody>
+                    <!-- Assets Section -->
+                    <tr>
+                        <th colspan="3" >Assets</th>
+                    </tr>
+                    <?php
+                        while ($row = mysqli_fetch_array($result_accounts)) {
+                            $balance = $row['opening_balance'] + $row['total_payments'] + $row['total_revenues'] - $row['total_expenses'];
+                            $account_type = $row['account_type'];
+                            if ($account_type >= 11 && $account_type <= 19) {
+                                // Display assets account row
+                                echoAccountRow($row, $balance);
+                                $total_assets += $balance;
+                                $formatted_total_assets = numfmt_format_currency($currency_format, $total_assets, $row['account_currency_code']);
+                            }
+                        }
+                        ?>
+                        <tr>
+                            <th></th>
+                            <th class="text-uppercase">Total Assets</th>
+                            <th class="text-right"><?php echo $formatted_total_assets; ?></th>
+                        </tr>
+
+                    <!-- Liabilities Section -->
+                    <tr>
+                        <th colspan="3" >Liabilities</th>
+                    </tr>
+                    <?php
+                    mysqli_data_seek($result_accounts, 0); // Reset the result pointer to the start
+                    while ($row = mysqli_fetch_array($result_accounts)) {
+                        $balance = $row['opening_balance'] + $row['total_payments'] + $row['total_revenues'] - $row['total_expenses'];
+                        $account_type = $row['account_type'];
+                        if ($account_type >= 21 && $account_type <= 29) {
+                            // Display liabilities account row
+                            echoAccountRow($row, $balance);
+                            $total_liabilities += $balance;
+                            $formatted_total_liabilities = numfmt_format_currency($currency_format, $total_liabilities, $row['account_currency_code']);
+                        }
+                    }
+                    ?>
+                    <tr>
+                        <th></th>
+                        <th class="text-uppercase">Total Liabilities</th>
+                        <th class="text-right"><?php echo $formatted_total_assets; ?></th>
+                    </tr>
+
+                    <!-- Equity Section -->
+                    <tr>
+                        <th colspan="3" >Equity</th>
+                    </tr>
+                    <?php
+                    mysqli_data_seek($result_accounts, 0); // Reset the result pointer to the start
+                    while ($row = mysqli_fetch_array($result_accounts)) {
+                        $balance = $row['opening_balance'] + $row['total_payments'] + $row['total_revenues'] - $row['total_expenses'];
+                        $account_type = $row['account_type'];
+                        if ($account_type >= 30) {
+                            // Display equity account row
+                            echoAccountRow($row, $balance);
+                            $total_equity += $balance;
+                            $formatted_total_equity = numfmt_format_currency($currency_format, $total_equity, $row['account_currency_code']);
+                        }
+                    }
+                    ?>
+                    <tr>
+                        <th></th>
+                        <th class="text-uppercase">Total Equity</th>
+                        <th class="text-right"><?php echo $formatted_total_equity; ?></th>
+                    </tr>
+                </tbody>
+            </table>
+        </div>
+    </div>
+</div>
+
+<?php require_once("footer.php"); ?>
+
+<?php
+function echoAccountRow($accountRow, $balance) {
+    global $currency_format;
+    $account_type_strings = [
+        11 => "Current Assets",
+        12 => "Fixed Assets",
+        13 => "Other Assets",
+        21 => "Current Liabilities",
+        22 => "Long Term Liabilities",
+        23 => "Other Liabilities",
+        30 => "Equity"
+    ];
+    $account_type_string = $account_type_strings[$accountRow['account_type']] ?? "Unknown";
+    $account_name_encoded = urlencode($accountRow['account_name']);
+    echo "
+    <tr>
+        <td>$account_type_string</td>
+        <td><a class=\"text-dark\" href=\"account_details.php?account_name=$account_name_encoded\">{$accountRow['account_name']}</a></td>
+        <td class=\"text-right\">" . numfmt_format_currency($currency_format, $balance, $accountRow['account_currency_code']) . "</td>
+    </tr>
+    ";
+}
+
+?>