OPENING DAY

BALANCE SHEET
TOTAL ASSETS

TOTAL LIABILITIES
$172,350

CURRENT ASSETS

$97,550

CURRRENT LIABILITIES

Cash in Bank

$45,000

Accounts Payable

$45,000

Inventory

$20,000

Taxes Payable

$12,500

Prepaid Expenses

$2,200

Other

TOTAL

$350

$67,550

Notes Payable (due within 12 months)

$2,000

Current Portion Long-term Debt

$9,000

Other current liabilities (specify)

TOTAL

$6,500

$75,000

FIXED ASSETS
Machinery & Equipment

$50,000

Furniture & Fixtures

$28,000

LONG-TERM LIABILITIES
Bank Loans Payable (greater than 12 month

$0

Leasehold Improvements

$2,000

Less: Short-term Portion

$8,000

Real Estate / Buildings

$8,000

Notes Payable to Stockholders

$6,000

Other

$2,300

Other long-term debt (specify)

$550

TOTAL

$90,300

OTHER ASSETS

TOTAL

$14,550

OTHER LIBILITIES

Expenses

$2,500

Loan from Investor

$6,000

Bills

$6,000

Remaining Bills to pay

$2,000

Good Will

$6,000

TOTAL

$14,500

OWNERS EQUITY (NET WORTH)

TOTAL LIABILITIES & NET WORTH

TOTAL

$8,000

$74,800
$172,350

No.

Name
1000 BALANCE SHEET
1002 ASSETS
1003 Fixed Assets
1005 Tangible Fixed Assets
1100 Land and Buildings
1110 Land and Buildings
1120 Increases during the Year
1130 Decreases during the Year
1140 Accum. Depreciation, Buildings
1190 Land and Buildings, Total
1200 Operating Equipment
1210 Operating Equipment
1220 Increases during the Year
1230 Decreases during the Year
1240 Accum. Depr., Oper. Equip.
1290 Operating Equipment, Total
1300 Vehicles
1310 Vehicles
1320 Increases during the Year
1330 Decreases during the Year
1340 Accum. Depreciation, Vehicles
1390 Vehicles, Total
1395 Tangible Fixed Assets, Total
1999 Fixed Assets, Total
2000 Current Assets
2100 Inventory
2110 Resale Items
2111 Resale Items (Interim)
2112 Cost of Resale Sold (Interim)
2120 Finished Goods
2121 Finished Goods (Interim)
2130 Raw Materials
2131 Raw Materials (Interim)
2132 Cost of Raw Mat.Sold (Interim)
2140 WIP Account, Finished goods
2180 Primo Inventory
2190 Inventory, Total
2200 Job WIP
2210 WIP Sales
2211 WIP Job Sales
2212 Invoiced Job Sales
2220 WIP Sales, Total
2230 WIP Costs

2231 WIP Job Costs

2232 Accrued Job Costs
2240 WIP Costs, Total
2290 Job WIP, Total
2300 Accounts Receivable
2310 Customers Domestic
2320 Customers, Foreign
2325 Customers, Intercompany
2330 Accrued Interest
2340 Other Receivables
2390 Accounts Receivable, Total
2400 Purchase Prepayments
2410 Vendor Prepayments VAT 0%
2420 Vendor Prepayments VAT 10%
2430 Vendor Prepayments VAT 25%
2440 Purchase Prepayments, Total
2800 Securities
2810 Bonds
2890 Securities, Total
2900 Liquid Assets
2910 Cash
2920 Bank, LCY
2930 Bank Currencies
2940 Giro Account
2990 Liquid Assets, Total
2995 Current Assets, Total
2999 TOTAL ASSETS
3000 LIABILITIES AND EQUITY
3100 Stockholder's Equity
3110 Capital Stock
3120 Retained Earnings
3195 Net Income for the Year
3199 Total Stockholder's Equity
4000 Allowances
4010 Deferred Taxes
4999 Allowances, Total
5000 Liabilities
5100 Long-term Liabilities
5110 Long-term Bank Loans
5120 Mortgage
5290 Long-term Liabilities, Total
5300 Short-term Liabilities
5310 Revolving Credit
5350 Sales Prepayments
5360 Customer Prepayments VAT 0%

5370 Customer Prepayments VAT 10%

5380 Customer Prepayments VAT 25%
5390 Sales Prepayments, Total
5400 Accounts Payable
5410 Vendors, Domestic
5420 Vendors, Foreign
5425 Vendors, Intercompany
5490 Accounts Payable, Total
5500 Inv. Adjmt. (Interim)
5510 Inv. Adjmt. (Interim), Retail
5530 Inv. Adjmt. (Interim), Raw Mat
5590 Inv. Adjmt. (Interim), Total
5600 VAT
5610 Sales VAT 25 %
5611 Sales VAT 10 %
5620 Purchase VAT 25 % EU
5621 Purchase VAT 10 % EU
5630 Purchase VAT 25 %
5631 Purchase VAT 10 %
5710 Fuel Tax
5720 Electricity Tax
5730 Natural Gas Tax
5740 Coal Tax
5750 CO2 Tax
5760 Water Tax
5780 VAT Payable
5790 VAT, Total
5795 Prepaid Service Contracts
5796 Prepaid Hardware Contracts
5797 Prepaid Software Contracts
5799 Total Prepaid Service Contract
5800 Personnel-related Items
5810 Withholding Taxes Payable
5820 Supplementary Taxes Payable
5830 Payroll Taxes Payable
5840 Vacation Compensation Payable
5890 Total Personnel-related Items
5900 Other Liabilities
5910 Dividends for the Fiscal Year
5920 Corporate Taxes Payable
5990 Other Liabilities, Total
5995 Short-term Liabilities, Total
5997 Total Liabilities
5999 TOTAL LIABILITIES AND EQUITY
6000 INCOME STATEMENT

6100 Revenue
6105 Sales of Retail
6110 Sales, Retail - Dom.
6120 Sales, Retail - EU
6130 Sales, Retail - Export
6140 Sales, Miscellaneous
6190 Job Sales Applied, Retail
6191 Job Sales Adjmt., Retail
6195 Total Sales of Retail
6205 Sales of Raw Materials
6210 Sales, Raw Materials - Dom.
6220 Sales, Raw Materials - EU
6230 Sales, Raw Materials - Export
6290 Job Sales Applied, Raw Mat.
6291 Job Sales Adjmt., Raw Mat.
6295 Total Sales of Raw Materials
6405 Sales of Resources
6410 Sales, Resources - Dom.
6420 Sales, Resources - EU
6430 Sales, Resources - Export
6490 Job Sales Applied, Resources
6491 Job Sales Adjmt., Resources
6495 Total Sales of Resources
6605 Sales of Jobs
6610 Sales, Other Job Expenses
6620 Job Sales
6695 Total Sales of Jobs
6710 Consulting Fees - Dom.
6810 Fees and Charges Rec. - Dom.
6910 Discount Granted
6950 Sales of Service Contracts
6955 Service Contract Sale
6959 Total Sale of Serv. Contracts
6995 Total Revenue
7100 Cost
7105 Cost of Retail
7110 Purch., Retail - Dom.
7120 Purch., Retail - EU
7130 Purch., Retail - Export
7140 Disc. Received, Retail
7150 Delivery Expenses, Retail
7170 Inventory Adjmt., Retail
7180 Job Cost Applied, Retail
7181 Job Cost Adjmt., Retail
7190 Cost of Retail Sold

7191 Direct Cost Applied, Retail

7192 Overhead Applied, Retail
7193 Purchase Variance, Retail
7195 Total Cost of Retail
7205 Cost of Raw Materials
7210 Purch., Raw Materials - Dom.
7220 Purch., Raw Materials - EU
7230 Purch., Raw Materials - Export
7240 Disc. Received, Raw Materials
7250 Delivery Expenses, Raw Mat.
7270 Inventory Adjmt., Raw Mat.
7280 Job Cost Applied, Raw Mat.
7281 Job Cost Adjmt., Raw Materials
7290 Cost of Raw Materials Sold
7291 Direct Cost Applied, Rawmat.
7292 Overhead Applied, Rawmat.
7293 Purchase Variance, Rawmat.
7295 Total Cost of Raw Materials
7405 Cost of Resources
7480 Job Cost Applied, Resources
7481 Job Cost Adjmt., Resources
7490 Cost of Resources Used
7495 Total Cost of Resources
7620 Job Costs
7705 Cost of Capacities
7710 Cost of Capacities
7791 Direct Cost Applied, Cap.
7792 Overhead Applied, Cap.
7793 Purchase Variance, Cap.
7795 Total Cost of Capacities
7805 Variance
7890 Material Variance
7891 Capacity Variance
7892 Subcontracted Variance
7893 Cap. Overhead Variance
7894 Mfg. Overhead Variance
7895 Total Variance
7995 Total Cost
8000 Operating Expenses
8100 Building Maintenance Expenses
8110 Cleaning
8120 Electricity and Heating
8130 Repairs and Maintenance
8190 Total Bldg. Maint. Expenses
8200 Administrative Expenses

8210 Office Supplies

8230 Phone and Fax
8240 Postage
8290 Total Administrative Expenses
8300 Computer Expenses
8310 Software
8320 Consultant Services
8330 Other Computer Expenses
8390 Total Computer Expenses
8400 Selling Expenses
8410 Advertising
8420 Entertainment and PR
8430 Travel
8450 Delivery Expenses
8490 Total Selling Expenses
8500 Vehicle Expenses
8510 Gasoline and Motor Oil
8520 Registration Fees
8530 Repairs and Maintenance
8590 Total Vehicle Expenses
8600 Other Operating Expenses
8610 Cash Discrepancies
8620 Bad Debt Expenses
8630 Legal and Accounting Services
8640 Miscellaneous
8690 Other Operating Exp., Total
8695 Total Operating Expenses
8700 Personnel Expenses
8710 Wages
8720 Salaries
8730 Retirement Plan Contributions
8740 Vacation Compensation
8750 Payroll Taxes
8790 Total Personnel Expenses
8800 Depreciation of Fixed Assets
8810 Depreciation, Buildings
8820 Depreciation, Equipment
8830 Depreciation, Vehicles
8840 Gains and Losses
8890 Total Fixed Asset Depreciation
8910 Other Costs of Operations
8995 Net Operating Income
9100 Interest Income
9110 Interest on Bank Balances
9120 Finance Charges from Customers

9130 Payment Discounts Received

9135 PmtDisc. Received - Decreases
9140 Invoice Rounding
9150 Application Rounding
9160 Payment Tolerance Received
9170 Pmt. Tol. Received Decreases
9190 Total Interest Income
9200 Interest Expenses
9210 Interest on Revolving Credit
9220 Interest on Bank Loans
9230 Mortgage Interest
9240 Finance Charges to Vendors
9250 Payment Discounts Granted
9255 PmtDisc. Granted - Decreases
9260 Payment Tolerance Granted
9270 Pmt. Tol. Granted Decreases
9290 Total Interest Expenses
9310 Unrealized FX Gains
9320 Unrealized FX Losses
9330 Realized FX Gains
9340 Realized FX Losses
9395 NI BEFORE EXTR. ITEMS & TAXES
9410 Extraordinary Income
9420 Extraordinary Expenses
9495 NET INCOME BEFORE TAXES
9510 Corporate Tax
9999 NET INCOME

Income/Balance

Account TypeTotaling

Balance Sheet
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1100..1190

1200..1290

1300..1390
1005..1395
1003..1999

2100..2190

2210..2220

Balance Sheet
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Begin-Total
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End-Total
Begin-Total
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Begin-Total
Posting

2230..2240
2200..2290

2300..2390

2400..2440

2800..2890

2900..2990
2000..2995
1002..2999

6000..9999
3100..3199|6000.

4000..4999

5100..5290

Balance Sheet
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Income Statement

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Total
Heading

5350..5390

5400..5490

5500..5590

5600..5790

5795..5799

5800..5890

5900..5990
5300..5995
5000..5997
3000..5999|6000.

Income Statement
Income Statement
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End-Total
Begin-Total
Begin-Total
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Posting
Posting
Posting
Posting
Posting
Posting

6105..6195

6205..6295

6405..6495

6605..6695

6950..6959
6100..6995

Income Statement
Income Statement
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7105..7195

7205..7295

7405..7495

7705..7795

7805..7895
7100..7995

8100..8190

Income Statement
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Posting

8200..8290

8300..8390

8400..8490

8500..8590

8600..8690
8000..8695

8700..8790

8800..8890
6000..8995

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Total
Posting
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Total
Posting
Total

9100..9190

9200..9290

6000..9395

6000..9495
6000..9999

Gen. Posting Type

Purchase
Sale

Purchase
Sale

Purchase
Sale

Sale
Sale

Sale
Sale
Sale
Sale

Sale
Sale
Sale

Sale
Sale
Sale

Sale

Sale
Sale

Sale

Purchase
Purchase
Purchase
Purchase

Purchase
Purchase
Purchase
Purchase

Purchase
Purchase
Purchase

Purchase
Purchase
Purchase

Purchase
Purchase
Purchase

Purchase
Purchase
Purchase
Purchase

Purchase
Purchase
Purchase

Purchase
Purchase

Purchase

Sale