How to write my Current Year Balance Sheet document

The following table outlines Company names pro forma balance sheet for the current year. Describe the highlights of your balance sheet to show where your company is doing best and where improvement is planned. This version is for the current year. Pro forma in this case means the data may contain projected or hypothetical data. The balance sheet is one of the most important financial documents for your company. The balance sheet records your assets liabilities and shareholders equity. Most companies record this information once year. Important note. Assets Liabilities Shareholders Equity. Balance Sheet for Current Year Current year Assets Current Assets Cash Insert Accounts Receivable Insert Inventory Insert List all other assets. Insert Total Current Assets Sum Fixed Assets Long Term Assets Equipment Insert Minus Depreciation Insert Real Estate Insert Intangible Assets Insert List all other fixed assets. Insert TOTAL ASSETS. A. Sum Liabilities Accounts Payable Insert Taxes Payable Insert Line of Credit Insert Accrued Payroll Insert List all other liabilities. Insert TOTAL LIABILITIES. L. Sum Shareholders Equity Preferred Stock Insert Common Stock Insert Retained Earnings Insert List all other equity. Insert TOTAL SHAREHOLDERS EQUITY. E. Sum TOTAL LIABILITIES & EQUITY. Sum L& Important instructions. When you total up your assets liabilities and shareholders equity the TOTAL ASSETS row should equal the TOTAL LIABILITIES & EQUITY row. These are the rows shaded in light green. Sum L& A. Sum to balance out the sheet hence the term Balance

The reason that liabilities balance against your assets is because it is assumed that debts you owe were used to purchase equipment or inventory you now own assets. If you require more information on creating balance sheet consult your accountant or other financial information resources.