diff --git a/packages/server/src/utils/xlsx.ts b/packages/server/src/utils/xlsx.ts
new file mode 100644
index 000000000..e69de29bb
diff --git a/packages/webapp/src/containers/FinancialStatements/BalanceSheet/BalanceSheetActionsBar.tsx b/packages/webapp/src/containers/FinancialStatements/BalanceSheet/BalanceSheetActionsBar.tsx
index dd50cd541..0421ea2ae 100644
--- a/packages/webapp/src/containers/FinancialStatements/BalanceSheet/BalanceSheetActionsBar.tsx
+++ b/packages/webapp/src/containers/FinancialStatements/BalanceSheet/BalanceSheetActionsBar.tsx
@@ -1,5 +1,4 @@
 // @ts-nocheck
-import React from 'react';
 import {
   NavbarGroup,
   Button,
@@ -13,11 +12,12 @@ import classNames from 'classnames';
 import { DashboardActionsBar, FormattedMessage as T, Icon } from '@/components';
 
 import NumberFormatDropdown from '@/components/NumberFormatDropdown';
+import { BalanceSheetExportMenu } from './components';
 
-import { compose, saveInvoke } from '@/utils';
 import { useBalanceSheetContext } from './BalanceSheetProvider';
 import withBalanceSheet from './withBalanceSheet';
 import withBalanceSheetActions from './withBalanceSheetActions';
+import { compose, saveInvoke } from '@/utils';
 
 /**
  * Balance sheet - actions bar.
@@ -114,11 +114,18 @@ function BalanceSheetActionsBar({
           icon={<Icon icon="print-16" iconSize={16} />}
           text={<T id={'print'} />}
         />
-        <Button
-          className={Classes.MINIMAL}
-          icon={<Icon icon="file-export-16" iconSize={16} />}
-          text={<T id={'export'} />}
-        />
+        <Popover
+          content={<BalanceSheetExportMenu />}
+          interactionKind={PopoverInteractionKind.CLICK}
+          placement="bottom-start"
+          minimal
+        >
+          <Button
+            className={Classes.MINIMAL}
+            icon={<Icon icon="file-export-16" iconSize={16} />}
+            text={<T id={'export'} />}
+          />
+        </Popover>
       </NavbarGroup>
     </DashboardActionsBar>
   );
diff --git a/packages/webapp/src/containers/FinancialStatements/BalanceSheet/components.tsx b/packages/webapp/src/containers/FinancialStatements/BalanceSheet/components.tsx
index 08f946f75..a15bbbf47 100644
--- a/packages/webapp/src/containers/FinancialStatements/BalanceSheet/components.tsx
+++ b/packages/webapp/src/containers/FinancialStatements/BalanceSheet/components.tsx
@@ -1,13 +1,32 @@
 // @ts-nocheck
-import React from 'react';
-import { Button } from '@blueprintjs/core';
+import React, { useRef } from 'react';
+import {
+  Button,
+  Classes,
+  Intent,
+  Menu,
+  MenuItem,
+  ProgressBar,
+  Text,
+} from '@blueprintjs/core';
+import classNames from 'classnames';
 
-import { FormattedMessage as T, Icon, If } from '@/components';
+import {
+  FormattedMessage as T,
+  Icon,
+  If,
+  Stack,
+  AppToaster,
+} from '@/components';
 
 import FinancialLoadingBar from '../FinancialLoadingBar';
 import { useBalanceSheetContext } from './BalanceSheetProvider';
 import { FinancialComputeAlert } from '../FinancialReportPage';
 import { dynamicColumns } from './dynamicColumns';
+import {
+  useBalanceSheetCsvExport,
+  useBalanceSheetXlsxExport,
+} from '@/hooks/query';
 
 /**
  * Balance sheet alerts.
@@ -66,3 +85,87 @@ export const useBalanceSheetColumns = () => {
     [table],
   );
 };
+
+/**
+ *
+ * @returns
+ */
+export const BalanceSheetExportMenu = () => {
+  const toastKey = useRef(null);
+  const commonToastConfig = {
+    isCloseButtonShown: true,
+    timeout: 2000,
+  };
+
+  const openProgressToast = (amount: number) => {
+    return (
+      <Stack spacing={8}>
+        <Text>The report has been exported successfully.</Text>
+        <ProgressBar
+          className={classNames('toast-progress', {
+            [Classes.PROGRESS_NO_STRIPES]: amount >= 100,
+          })}
+          intent={amount < 100 ? Intent.PRIMARY : Intent.SUCCESS}
+          value={amount / 100}
+        />
+      </Stack>
+    );
+  };
+
+  // Export the report to xlsx.
+  const { mutateAsync: xlsxExport } = useBalanceSheetXlsxExport({
+    onDownloadProgress: (xlsxExportProgress: number) => {
+      if (!toastKey.current) {
+        toastKey.current = AppToaster.show({
+          message: openProgressToast(xlsxExportProgress),
+          ...commonToastConfig,
+        });
+      } else {
+        AppToaster.show(
+          {
+            message: openProgressToast(xlsxExportProgress),
+            ...commonToastConfig,
+          },
+          toastKey.current,
+        );
+      }
+    },
+  });
+  // Export the report to csv.
+  const { mutateAsync: csvExport } = useBalanceSheetCsvExport({
+    onDownloadProgress: (xlsxExportProgress: number) => {
+      if (!toastKey.current) {
+        toastKey.current = AppToaster.show({
+          message: openProgressToast(xlsxExportProgress),
+          ...commonToastConfig,
+        });
+      } else {
+        AppToaster.show(
+          {
+            message: openProgressToast(xlsxExportProgress),
+            ...commonToastConfig,
+          },
+          toastKey.current,
+        );
+      }
+    },
+  });
+
+  const handleCsvExportBtnClick = () => {
+    csvExport().then(() => {});
+  };
+
+  const handleXlsxExportBtnClick = () => {
+    xlsxExport().then(() => {});
+  };
+
+  return (
+    <Menu>
+      <MenuItem
+        text={'XLSX (Microsoft Excel)'}
+        onClick={handleXlsxExportBtnClick}
+      />
+      <MenuItem text={'CSV'} onClick={handleCsvExportBtnClick} />
+    </Menu>
+  );
+};
diff --git a/packages/webapp/src/hooks/query/financialReports.tsx b/packages/webapp/src/hooks/query/financialReports.tsx
index 3645a6293..bc1ff4bec 100644
--- a/packages/webapp/src/hooks/query/financialReports.tsx
+++ b/packages/webapp/src/hooks/query/financialReports.tsx
@@ -1,16 +1,14 @@
 // @ts-nocheck
 import { useRequestQuery } from '../useQueryRequest';
 import {
-  trialBalanceSheetReducer,
   generalLedgerTableRowsReducer,
   journalTableRowsReducer,
-  ARAgingSummaryTableRowsMapper,
-  APAgingSummaryTableRowsMapper,
   inventoryValuationReducer,
   purchasesByItemsReducer,
   salesByItemsReducer,
 } from '@/containers/FinancialStatements/reducers';
 import t from './types';
+import { useDownloadFile } from '../useDownloadFile';
 
 /**
  * Retrieve balance sheet.
@@ -33,6 +31,32 @@ export function useBalanceSheet(query, props) {
   );
 }
 
+export const useBalanceSheetXlsxExport = (args) => {
+  return useDownloadFile({
+    url: '/financial_statements/balance_sheet',
+    config: {
+      headers: {
+        accept: 'application/xlsx',
+      },
+    },
+    filename: 'balance_sheet.xlsx',
+    ...args
+  });
+};
+
+export const useBalanceSheetCsvExport = (args) => {
+  return useDownloadFile({
+    url: '/financial_statements/balance_sheet',
+    config: {
+      headers: {
+        accept: 'application/csv',
+      },
+    },
+    filename: 'balance_sheet.csv',
+    ...args
+  });
+};
+
 /**
  * Retrieve trial balance sheet.
  */
diff --git a/packages/webapp/src/hooks/useDownloadFile.ts b/packages/webapp/src/hooks/useDownloadFile.ts
new file mode 100644
index 000000000..3237f2a79
--- /dev/null
+++ b/packages/webapp/src/hooks/useDownloadFile.ts
@@ -0,0 +1,72 @@
+// @ts-nocheck
+import axios, { AxiosError, AxiosRequestConfig } from 'axios';
+import { useState } from 'react';
+import { useMutation } from 'react-query';
+import useApiRequest from './useRequest';
+
+interface IArgs {
+  url: string;
+  filename: string;
+  mime?: string;
+  config?: AxiosRequestConfig;
+  onDownloadProgress?: (progress: number) => void;
+}
+
+export const useDownloadFile = (args: IArgs) => {
+  const apiRequest = useApiRequest();
+
+  const mutation = useMutation<void, AxiosError, IArgs>(() =>
+    apiRequest
+      .get(args.url, {
+        responseType: 'blob',
+        onDownloadProgress: (ev) => {
+          args.onDownloadProgress &&
+            args.onDownloadProgress(Math.round((ev.loaded * 100) / ev.total));
+        },
+        ...args.config,
+      })
+      .then((res) => {
+        downloadFile(res.data, args.filename, args.mime);
+        return res;
+      }),
+  );
+  return { ...mutation };
+};
+
+export function downloadFile(data, filename, mime, bom) {
+  var blobData = typeof bom !== 'undefined' ? [bom, data] : [data];
+  var blob = new Blob(blobData, { type: mime || 'application/octet-stream' });
+  if (typeof window.navigator.msSaveBlob !== 'undefined') {
+    // IE workaround for "HTML7007: One or more blob URLs were
+    // revoked by closing the blob for which they were created.
+    // These URLs will no longer resolve as the data backing
+    // the URL has been freed."
+    window.navigator.msSaveBlob(blob, filename);
+  } else {
+    var blobURL =
+      window.URL && window.URL.createObjectURL
+        ? window.URL.createObjectURL(blob)
+        : window.webkitURL.createObjectURL(blob);
+    var tempLink = document.createElement('a');
+    tempLink.style.display = 'none';
+    tempLink.href = blobURL;
+    tempLink.setAttribute('download', filename);
+
+    // Safari thinks _blank anchor are pop ups. We only want to set _blank
+    // target if the browser does not support the HTML5 download attribute.
+    // This allows you to download files in desktop safari if pop up blocking
+    // is enabled.
+    if (typeof tempLink.download === 'undefined') {
+      tempLink.setAttribute('target', '_blank');
+    }
+
+    document.body.appendChild(tempLink);
+    tempLink.click();
+
+    // Fixes "webkit blob resource error 1"
+    setTimeout(function () {
+      document.body.removeChild(tempLink);
+      window.URL.revokeObjectURL(blobURL);
+    }, 200);
+  }
+}