Abstract: A real-time balance sheet generating system includes a material flow tracking block for obtaining material flow information about each lot of an item in real time throughout processes from purchasing raw materials to shipping the product, a production data obtaining block for obtaining production data including a bill of materials (BOM) data and conversion process related data, a balance sheet storage block for storing a balance sheet as a reference, an immediate journal entry block for immediately and sequentially journalizing inventory assets related accounts in the material flow information obtained until a most recent moment, and a balance sheet update block for immediately and sequentially updating the balance sheet based on journalized results and for generating real-time balance sheet.