Balance Sheet Statement

This provides the effect on the businesses assets and liabilities of achieving the profit and loss forecast.  The basic format is:
  • Fixed Assets including computer equipment, machinery, office furniture and equipment, motor vehicles.
  • Current Assets including stock, debtors, cash and bank balances
  • Current Liabilities which contain trade creditors, and other creditors (or money owed) such as social security, Medicare, sales tax, bank overdrafts etc
  • Long term liabilities which include loans from providers such as banks