Balance Sheet [Budget Analysis] report Report Description Reports list Balance Sheet [Budget Analysis] October 2008 Selected Period Budgeted $ Difference % Difference Assets Cash Accounts Checking Account $16,664.83 $34,878.91 ($18,214.08) (52.2%) Petty Cash $100.00 $100.00 $0.00 0.0% Total Cash Accounts $16,764.83 $34,978.91 ($18,214.08) (52.1%) Inventory Raw Materials $3,400.00 $3,400.00 $0.00 0.0% Finished Goods $75,129.62 $5,400.00 $69,729.62 1,291.3% Total Inventory $78,529.62 $8,800.00 $69,729.62 792.4% Accounts Receivable $37,264.78 $32,000.00 $5,264.78 16.5% Deposits Paid Vendors $100.00 $100.00 $0.00 0.0% Total Assets $132,559.23 $75,878.91 $56,780.32 56.8% Liabilities Credit Cards American Express $3,200.00 $3,200.00 $0.00 0.0% Visa $1,000.00 $1,000.00 $0.00 0.0% Total Credit Cards $4,200.00 $4,200.00 $0.00 0.0% Accounts Payable $10,615.14 $21,000.00 ($10,384.86) (49.5%) Bank Indebtedness $100,000.00 $100,000.00 $0.00 0.0% Payroll Liabilities Payroll Liabilities $13,919.25 $0.00 $13,919.25 NA Payroll Tax Payable $105.00 $0.00 $105.00 NA Vacation Payable $1,267.50 $0.00 $1,267.50 NA Total Payroll Liabilities $15,291.75 $0.00 $15,291.75 NA Deposits from Customers $500.00 $500.00 $0.00 0.0% Total Liabilities $130,606.89 $126,006.98 $8,663.17 6.8% Equity Paid in Capital $110,000.00 $110,000.00 $0.00 0.0% Retained Earnings ($58,078.07) ($136,628.07) $78,550.00 (57.5%) Current Year Earnings ($30,432.85) $14,285.00 ($44,717.85) (313.0%) Total Equity $21,489.08 ($12,343.07) $33,832.15 (274.1%) Total Liability & Equity $156,659.23 $114,163.91 $42,495.32 37.2%
