Intro&Directions

BALANCE SHEET
Company's name
End period
Definition
The balance sheet presents a company's financial position at the end of a
specified date.
Some describe the balance sheet as a "snapshot" of the company's financial
position at a point (a moment or an instant) in time. For example, the amounts
reported on a balance sheet dated December 31, 2012 reflect that instant when all
the transactions through December 31 have been recorded. It summarizes the
company's assets, liabilities and shareholders' equity at a specific point in time.
These three balance sheet segments give investors an idea as to what the
company owns and owes, as well as the amount invested by the shareholders.
The balance sheet must follow the formula:
Assets = Liabilities + Shareholders' Equity
Assets are things that the company owns. They are the resources of the company
that have been acquired through transactions, and have future economic value that
can be measured and expressed in terms of monetary value. Assets also include
costs paid in advance that have not yet expired, such as prepaid advertising,
prepaid insurance, prepaid legal fees, and prepaid rent.

Liabilities are obligations of the company. They are amounts owed to creditors for
a past transaction and they usually have the word "payable" in their account title.
Along with owner's equity, liabilities can be thought of as a source of the company's
assets. They can also be thought of as a claim against a company's assets.
Equity is the amount of the funds contributed by the owners (the stockholders) plus
the retained earnings (or losses). Also referred to as "shareholders' equity", along
with liabilities, it can be thought of as a source of the company's assets.
How to use this tool
This is intended to be a simple and practical tool to be adjusted and used by SMEs
working in all sectors. You may adapt it to reflect your business needs, type of
clientele, products and services you offer. It provides the minimum information
required by financial institutions for assessing loan applications, tax authorities and
potential investors.
Fill in the white cells, totals will be calculated automatically

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Intro&Directions

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BALANCE SHEET
Company's name
End period
ASSETS
Current Assets:
Cash at Hand
Cash at Bank
Accounts Receivable
Less: Reserve for Bad Debts
Stock
Prepaid Expenses
Notes Receivable
Total Current Assets

LIABILITIES & EQUITY

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Fixed Assets:
Vehicles
Less: Accumulated Depreciation
Furniture and Fixtures
Less: Accumulated Depreciation
Equipment
Less: Accumulated Depreciation
Buildings
Less: Accumulated Depreciation
Land
Total Fixed Assets

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Other Assets:
Goodwill
Total Other Assets

0.00
0.00

Total Assets

0.00

Current Liabilities:
Accounts Payable
Sales Taxes Payable
Payroll Taxes Payable
Income Taxes Payable
Accrued Wages Payable
Unearned Revenues
Bank Overdraft
Short-Term Loan Payable
Total Current Liabilities

0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00

Long-Term Liabilities:
Long-term Bank Loans Payable
Mortgage Payable
Total Long-Term Liabiliti

0.00
0.00
0.00

Total Liabilities

0.00

Capital & Reserves

Capital
Add: Net Profit
Less: Drawings
Net Capital

0.00
0.00
0.00
0.00

Total Liabilities and Equity

0.00

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