This report displays the balances for your assets (what you own). liabilities (what you owe), and your capital in the business as of the end of a selected month.
With this screen report displayed, roll the cursor arrow over any account in the Accounts column and the arrow changes to a magnifying glass. Click while the magnifying glass is displayed to open the Edit Accounts window where you can view or make changes to the account.
Roll the cursor arrow over the sum for any detail account in the Account Balance columns and the arrow changes to a magnifying glass. Click while the magnifying glass is displayed to open the History and Budgets window where you can view or make changes to your budget for that account.
More Details about the Balance Sheet Report
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Assets | |||||
Cash Accounts | |||||
Bank Account | £13,719.83 | ||||
Petty Cash | £100.00 | ||||
Total Cash Accounts | £13,819.83 | ||||
Stock | |||||
Raw Materials | £3,400.00 | ||||
Finished Goods | £75,141.50 | ||||
Total Stock | £78,541.50 | ||||
Trade Debtors | £37,264.78 | ||||
Deposits Paid Suppliers | £100.00 | ||||
Office Equipment | |||||
Office Equip., Original Cost | £12,000.00 | ||||
Office Equip., Amortisation | (£4,125.00) | ||||
Total Office Equipment | £7,875.00 | ||||
Vehicles, Original Cost | £32,000.00 | ||||
Vehicles, Amortisation | (£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 | ||||
Trade Creditors | £10,627.02 | ||||
Bank Indebtedness | £100,000.00 | ||||
VAT Liabilities | |||||
VAT 1 Collected | £2,414.58 | ||||
VAT 2 Collected | £2,348.68 | ||||
Total VAT 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 | ||||
Capital | |||||
Paid in Capital | £110,000.00 | ||||
Retained Earnings | (£88,510.92) | ||||
Current Year Earnings | (£3,770.00) | ||||
Total Capital | £17,719.08 | ||||
Total Liability & Capital | £153,101.11 |