Balance Sheet Statement

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