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.
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 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 History and Budgets window where you can view or make changes to your budget for that account.
______________________________________________________________________________ | |||||
| 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 | ||||