Standard Balance Sheet Report

 

Standard Balance Sheet report

Overview | ìDetailsî on page 35 | Notips | ìSampleî on page 34
This report displays the balances for your assets (what you own), liabilities (what you owe), and your equity in
the business as of the end of a selected month.
This report can be displayed using the cash basis and accrual basis accounting methods.
Overview of the Balance Sheet report
To find the Balance Sheet report
ìOverviewî on page 34 | ìDetailsî on page 35 | Notips | ìSampleî on page 34
Reports menu > Index to Reports window >
Accounts tab > Balance Sheet header

Balance Sheet As of December 2003
______________________________________________________________________________
Assets
	Cash Accounts
		Checking Account	$13,719.83
		Petty Cash	$100.00
	Total Cash Accounts		$13,819.83
	Inventory
		Raw Materials	$3,400.00
		Finished Goods	$75,141.50
	Total Inventory		$78,541.50
	Accounts Receivable		$37,264.78
	Deposits Paid Vendors			$100.00
	Office Equipment
		Office Equip., Original Cost	$12,000.00
		Office Equip., Amortization	($4,125.00)
	Total Office Equipment			$7,875.00
	Vehicles, Original Cost		$32,000.00
	Vehicles, Amortization		($17,000.00)
	Total Vehicles			$15,000.00
	Other Assets			$500.00
Total Assets					$153,101.11
Liabilities
	Credit Cards
		American Express	$3,200.00
		Visa	$1,000.00
	Total Credit Cards			$4,200.00
	Accounts Payable			$10,627.02
	Bank Indebtedness			$100,000.00
	Tax Liabilities
		Tax 1 Collected	$2,414.58
		Tax 2 Collected	$2,348.68
	Total Tax Liabilities			$4,763.26
	Payroll Liabilities
		Payroll Liabilities	$13,919.25
		Payroll Tax Payable	$105.00
		Vacation Payable	$1,267.50
	Total Payroll Liabilities			$15,291.75
	Deposits from Customers			$500.00
Total Liabilities					$135,382.03
Equity
	Paid in Capital			$110,000.00
	Retained Earnings			($88,510.92)
	Current Year Earnings			($3,770.00)
Total Equity					$17,719.08
Total Liability & Equity					$153,101.11

 

Filters
Advanced:
Selected Period
As Of
Report Level
Fiscal Year
Report Basis - Cash/Accrual
Sorted by
Dependent on Header information:
Total Assets
Liabilities
Equity
Liability & Equity
More Report Fields (not preselected)
None
Finishing Choices
Include 0.00 Balances
Separate Pages
Rounding
Include Account Numbers
Add to Reports Menu
Prevent Data Changes During Report Generation
Include Company Name
Include Company Address
Include Report Date and Time
Drill Down to Source window
Click: Account name
Opens: Edit Accounts window
Click: Account amounts (accrual basis reports only)
Opens: Find Transactions window