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The following table outlines Company names balance sheet ending December 31st. Describe the highlights of your balance sheet to show where your company is doing best and where improvement is planned. 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 Year Year Year Year Assets Current Assets Cash Insert Insert Insert Accounts Receivable Insert Insert Insert Inventory Insert Insert Insert List all other assets. Insert Insert Insert Total Current Assets Sum Sum Sum Fixed Assets Long Term Assets Equipment Insert Insert Insert Minus Depreciation Insert Insert Insert Real Estate Insert Insert Insert Intangible Assets Insert Insert Insert List all other fixed assets. Insert Insert Insert TOTAL ASSETS. A. Sum A. Sum A. Sum Liabilities Accounts Payable Insert Insert Insert Taxes Payable Insert Insert Insert Line of Credit Insert Insert Insert Accrued Payroll Insert Insert Insert List all other liabilities. Insert Insert Insert TOTAL LIABILITIES. L. Sum L. Sum L. Sum Shareholders Equity Preferred Stock Insert Insert Insert Common Stock Insert Insert Insert Retained Earnings Insert Insert Insert List all other equity. Insert Insert Insert TOTAL SHAREHOLDERS EQUITY. E. Sum E. Sum E. Sum TOTAL LIABILITIES & EQUITY. Sum L& Sum L& Sum L& Important instructions. When you total up your assets liabilities and shareholders equity the TOTAL ASSETS row is supposed to 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 liabilities balance against your assets is that 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.