Balance Sheet

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. Click the Customize button in the Index to Reports window to display the Report Customization window. In the Report Basis field, select Accrual or Cash, then click Display to display your report. Cash basis reports are differentiated from accrual basis reports by the word [Cash] listed after the report name.

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.

If an accrual basis report is displayed, roll the cursor arrow over the dollar amount 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 Find Transactions window where you can view or make changes a transaction. Please note that the magnifying glass will not appear for dollar amounts on cash basis reports.

To find this report:
Index to Reports window > Accounts Tab > Balance Sheet Header

______________________________________________________________________________
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