Welcome to the Community space, camehtasharma.
I'll share some information about the difference between the Account Payable (AP) Aging Summary and the Balance Sheet report.
The AP Aging report summarises the status of unpaid bills. This report will show you what you owe, who you owe it to, and how much is overdue. On the other hand, the Balance Sheet report is the summary of what your company owns and owes at the end of a period.
I've included this material to learn more about the different types of reports in QuickBooks Online: Reports in QuickBooks Online.
In addition, you can also filter your report to show the data that matter most to you. Check out this article for more details: Customise reports in QuickBooks Online.
Don't hesitate to post your reply if you have further questions about reports. I'll be here to assist you.
