diff --git a/src/components/DynamicReportComponent.vue b/src/components/DynamicReportComponent.vue
index ffe025a..b71d18d 100644
--- a/src/components/DynamicReportComponent.vue
+++ b/src/components/DynamicReportComponent.vue
@@ -22,6 +22,8 @@
 			{{ report.title }}
 		</h1>
 		
+		<slot />
+		
 		<table class="min-w-full">
 			<thead>
 				<tr class="border-b border-gray-300">
diff --git a/src/display.ts b/src/display.ts
index f23ee36..de319ee 100644
--- a/src/display.ts
+++ b/src/display.ts
@@ -53,7 +53,7 @@ export function ppBracketed(quantity: number, link?: string): string {
 	
 	if (link) {
 		// Put the space outside of the hyperlink so it is not underlined
-		return '<a href="' + encodeURIComponent(link) + '">' + text + '</a>' + space;
+		return '<a href="' + encodeURIComponent(link) + '" class="hover:text-blue-700 hover:underline">' + text + '</a>' + space;
 	} else {
 		return text + space;
 	}
diff --git a/src/main.ts b/src/main.ts
index 8a64a16..8397aaf 100644
--- a/src/main.ts
+++ b/src/main.ts
@@ -33,6 +33,7 @@ async function initApp() {
 		{ path: '/balance-assertions', name: 'balance-assertions', component: () => import('./pages/BalanceAssertionsView.vue') },
 		{ path: '/balance-assertions/edit/:id', name: 'balance-assertions-edit', component: () => import('./pages/EditBalanceAssertionView.vue') },
 		{ path: '/balance-assertions/new', name: 'balance-assertions-new', component: () => import('./pages/NewBalanceAssertionView.vue') },
+		{ path: '/balance-sheet', name: 'balance-sheet', component: () => import('./reports/BalanceSheetReport.vue') },
 		{ path: '/chart-of-accounts', name: 'chart-of-accounts', component: () => import('./pages/ChartOfAccountsView.vue') },
 		{ path: '/general-ledger', name: 'general-ledger', component: () => import('./pages/GeneralLedgerView.vue') },
 		{ path: '/income-statement', name: 'income-statement', component: () => import('./reports/IncomeStatementReport.vue') },
diff --git a/src/pages/HomeView.vue b/src/pages/HomeView.vue
index e35ca6b..96aa095 100644
--- a/src/pages/HomeView.vue
+++ b/src/pages/HomeView.vue
@@ -33,7 +33,7 @@
 			<ul class="list-disc ml-6">
 				<li><RouterLink :to="{ name: 'general-ledger' }" class="text-gray-900 hover:text-blue-700 hover:underline">General ledger</RouterLink></li>
 				<li><RouterLink :to="{ name: 'trial-balance' }" class="text-gray-900 hover:text-blue-700 hover:underline">Trial balance</RouterLink></li>
-				<!--<li><a href="#" class="text-gray-900 hover:text-blue-700 hover:underline">Balance sheet</a></li>-->
+				<li><RouterLink :to="{ name: 'balance-sheet' }" class="text-gray-900 hover:text-blue-700 hover:underline">Balance sheet</RouterLink></li>
 				<li><RouterLink :to="{ name: 'income-statement' }" class="text-gray-900 hover:text-blue-700 hover:underline">Income statement</RouterLink></li>
 			</ul>
 		</div>
diff --git a/src/reporting.ts b/src/reporting.ts
index 5feafcd..18fbb29 100644
--- a/src/reporting.ts
+++ b/src/reporting.ts
@@ -22,6 +22,7 @@ import { asCost } from './amounts.ts';
 import { DT_FORMAT, JoinedTransactionPosting, StatementLine, Transaction, db, getAccountsForKind, joinedToTransactions, totalBalances, totalBalancesAtDate } from './db.ts';
 import { ExtendedDatabase } from './dbutil.ts';
 
+import { BalanceSheetReport } from './reports/BalanceSheetReport.vue';
 import { DrcrReport } from './reports/base.ts';
 import TrialBalanceReport from './reports/TrialBalanceReport.ts';
 import { IncomeStatementReport } from './reports/IncomeStatementReport.vue';
@@ -46,9 +47,9 @@ export enum ReportingStage {
 	//IncomeStatement = 600,
 	
 	// Final balance sheet
-	//BalanceSheet = 700,
+	BalanceSheet = 700,
 	
-	FINAL_STAGE = InterimIncomeStatement
+	FINAL_STAGE = BalanceSheet
 }
 
 export class ReportingWorkflow {
@@ -203,10 +204,20 @@ export class ReportingWorkflow {
 		// ---------------
 		// InterimIncomeStatement
 		
+		let incomeStatementReport;
 		{
-			const incomeStatementReport = new IncomeStatementReport();
+			incomeStatementReport = new IncomeStatementReport();
 			await incomeStatementReport.generate(balances);
-			this.reportsForStage.set(ReportingStage.InterimIncomeStatement, [incomeStatementReport, new TrialBalanceReport(balances)]);
+			this.reportsForStage.set(ReportingStage.InterimIncomeStatement, [incomeStatementReport]);
+		}
+		
+		// ------------
+		// BalanceSheet
+		
+		{
+			const balanceSheetReport = new BalanceSheetReport();
+			await balanceSheetReport.generate(balances, incomeStatementReport);
+			this.reportsForStage.set(ReportingStage.BalanceSheet, [balanceSheetReport]);
 		}
 	}
 	
@@ -218,11 +229,24 @@ export class ReportingWorkflow {
 		}
 		
 		const report = reportsForTheStage.find((r) => r instanceof reportType);
-		if (!report) {
-			throw new Error('Report does not exist');
+		if (report) {
+			return report;
 		}
 		
-		return report;
+		// Recurse earlier stages
+		const stages = [...this.reportsForStage.keys()];
+		stages.reverse();
+		for (const earlierStage of stages) {
+			if (earlierStage >= stage) {
+				continue;
+			}
+			const report = this.reportsForStage.get(earlierStage)!.find((r) => r instanceof reportType);
+			if (report) {
+				return report;
+			}
+		}
+		
+		throw new Error('Report does not exist at requested stage or any earlier stage');
 	}
 	
 	getTransactionsAtStage(stage: ReportingStage): Transaction[] {
diff --git a/src/reports/BalanceSheetReport.vue b/src/reports/BalanceSheetReport.vue
new file mode 100644
index 0000000..21ef25c
--- /dev/null
+++ b/src/reports/BalanceSheetReport.vue
@@ -0,0 +1,109 @@
+<!--
+	DrCr: Web-based double-entry bookkeeping framework
+	Copyright (C) 2022–2024  Lee Yingtong Li (RunasSudo)
+	
+	This program is free software: you can redistribute it and/or modify
+	it under the terms of the GNU Affero General Public License as published by
+	the Free Software Foundation, either version 3 of the License, or
+	(at your option) any later version.
+	
+	This program is distributed in the hope that it will be useful,
+	but WITHOUT ANY WARRANTY; without even the implied warranty of
+	MERCHANTABILITY or FITNESS FOR A PARTICULAR PURPOSE.  See the
+	GNU Affero General Public License for more details.
+	
+	You should have received a copy of the GNU Affero General Public License
+	along with this program.  If not, see <https://www.gnu.org/licenses/>.
+-->
+
+<script lang="ts">
+	export class BalanceSheetReport extends DynamicReport {
+		constructor() {
+			super('Balance sheet');
+		}
+		
+		async generate(balances: Map<string, number>, incomeStatementReport: IncomeStatementReport) {
+			this.entries = [
+				new Section(
+					'Assets',
+					[
+						...await DynamicReport.entriesForKind(balances, 'drcr.asset'),
+						new Subtotal('Total assets', 'total_assets', true /* visible */, true /* bordered */)
+					]
+				),
+				new Spacer(),
+				new Section(
+					'Liabilities',
+					[
+						...await DynamicReport.entriesForKind(balances, 'drcr.liability', true),
+						new Subtotal('Total liabilities', 'total_liabilities', true /* visible */, true /* bordered */)
+					]
+				),
+				new Spacer(),
+				new Section(
+					'Equity',
+					[
+						...await DynamicReport.entriesForKind(balances, 'drcr.equity', true),
+						new Entry('Current year surplus (deficit)', (incomeStatementReport.byId('net_surplus') as Computed).quantity, null /* id */, true /* visible */, false /* autoHide */, '/income-statement'),
+						new Entry('Accumulated surplus (deficit)', -(balances.get('Accumulated surplus (deficit)') ?? 0), null /* id */, true /* visible */, false /* autoHide */, '/transactions/Accumulated surplus (deficit)'),
+						new Subtotal('Total equity', 'total_equity', true /* visible */, true /* bordered */)
+					]
+				)
+			];
+			
+			this.calculate();
+		}
+	}
+	
+	
+</script>
+
+<!-- Report display -->
+
+<template>
+	<DynamicReportComponent :report="report">
+		<div class="rounded-md bg-red-50 mt-4 p-4 col-span-2" v-if="!doesBalance">
+			<div class="flex">
+				<div class="flex-shrink-0">
+					<ExclamationCircleIcon class="h-5 w-5 text-red-400" />
+				</div>
+				<div class="ml-3 flex-1">
+					<p class="text-sm text-red-700">Total assets do not equal total liabilities and equity. This may occur if not all accounts have been classified in the chart of accounts.</p>
+				</div>
+			</div>
+		</div>
+	</DynamicReportComponent>
+</template>
+
+<script setup lang="ts">
+	import { computed, ref } from 'vue';
+	
+	import { ExclamationCircleIcon } from '@heroicons/vue/20/solid';
+	
+	import { Computed, DynamicReport, Entry, Section, Spacer, Subtotal } from './base.ts';
+	import { IncomeStatementReport}  from './IncomeStatementReport.vue';
+	import { db } from '../db.ts';
+	import DynamicReportComponent from '../components/DynamicReportComponent.vue';
+	import { ReportingStage, ReportingWorkflow } from '../reporting.ts';
+	
+	const report = ref(null as BalanceSheetReport | null);
+	
+	async function load() {
+		const session = await db.load();
+		const reportingWorkflow = new ReportingWorkflow();
+		await reportingWorkflow.generate(session);
+		
+		report.value = reportingWorkflow.getReportAtStage(ReportingStage.FINAL_STAGE, BalanceSheetReport) as BalanceSheetReport;
+	}
+	load();
+	
+	const doesBalance = computed(function() {
+		if (report.value === null) {
+			return true;
+		}
+		const totalAssets = (report.value.byId('total_assets') as Computed).quantity;
+		const totalLiabilities = (report.value.byId('total_liabilities') as Computed).quantity;
+		const totalEquity = (report.value.byId('total_equity') as Computed).quantity;
+		return totalAssets === totalLiabilities + totalEquity;
+	});
+</script>
diff --git a/src/reports/base.ts b/src/reports/base.ts
index fde0487..a472750 100644
--- a/src/reports/base.ts
+++ b/src/reports/base.ts
@@ -71,6 +71,10 @@ export class DynamicReport implements DrcrReport {
 				entries.push(new Entry(
 					account,
 					negate ? -quantity : quantity,
+					null /* id */,
+					true /* visible */,
+					false /* autoHide */,
+					'/transactions/' + account
 				));
 			}
 		}
@@ -171,7 +175,7 @@ export class Subtotal extends Entry {
 		
 		this.quantity = 0;
 		for (const entry of parent.entries) {
-			if (entry instanceof Entry) {
+			if (entry instanceof Entry && entry !== this) {
 				this.quantity += entry.quantity;
 			}
 		}