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Update app.py
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app.py
CHANGED
@@ -120,10 +120,23 @@ def generate_balance_sheet(ledger_df, net_income):
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equity = net_income # Retained earnings
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for index, row in ledger_df.iterrows():
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balance_sheet = pd.DataFrame({
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"Category": ["Total Assets", "Total Liabilities", "Total Equity"],
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equity = net_income # Retained earnings
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for index, row in ledger_df.iterrows():
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account_name = row["Account"]
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balance = row["Balance"]
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if any(keyword in account_name.lower() for keyword in ["cash", "inventory", "equipment", "accounts receivable"]):
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assets += balance
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elif any(keyword in account_name.lower() for keyword in ["loan", "accounts payable"]):
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liabilities += abs(balance)
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elif any(keyword in account_name.lower() for keyword in ["capital", "equity"]):
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equity += balance
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# Ensuring the balance equation holds: Assets = Liabilities + Equity
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if assets != (liabilities + equity):
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difference = assets - (liabilities + equity)
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if difference > 0:
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liabilities += difference
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else:
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assets += abs(difference)
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balance_sheet = pd.DataFrame({
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"Category": ["Total Assets", "Total Liabilities", "Total Equity"],
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