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Download this Business Balance Sheet that is designed to allow a business owner or book keeper the ability to keep a simple balance sheet on a monthly basis. This provides records at the ready to assist in understanding what is occurring with inventory, payroll, notes payable etc. If balance sheets are kept consistently, inconsistencies noting changes such as sale of goods or property and/or monitoring any aspect of a business is made easy for all involved.

How To Write

Step 1- Section 1 – Assets-

  • Begin by entering the ending month at the top of the page. Continue by entering the figures into each respective category:
  • Cash Assets
  • Petty Cash
  • Accounts Receivable
  • Inventory Value
  • Investments
  • Prepaid Expenses
  • Land
  • Land Improvements
  • Buildings
  • Vehicles
  • Equipment
  • Furnishings
  • Misc. Assets
  • Intangible Assets

Step 2 - Section 2 – Liabilities –

  • Continue by entering figures with regard to liabilities, into the appropriate blocks next to each requirement as follows:
  • Current Liabilities
  • Accounts Payable
  • Notes Payable
  • Long Term Liabilities
  • State Taxes
  • Federal Taxes
  • Property Taxes
  • Misc. Taxes
  • Payroll/Wages
  • Miscellaneous

If there are added assets and/or liabilities, there are added block in which one may place any additional information. Once each column is completed calculate the totals and enter the figures into the “total” boxes respectively.

 

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