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Index to Reports: General Ledger Tab
Compares your balance sheet as of the end of the selected month of this fiscal year with your balance sheet as of the end of the same month of last fiscal year.
Report Tip:
This report shows you how your asset, liability, and equity account balances changed over the course of the year.
Check any change from year to year greater than 10%. Make sure you understand why it changed. Has your cash position improved or declined? Are your receivables growing or shrinking? Why?
If you are using a 13th accounting period, run the report twice, once for 12 periods and again with the 13th period. Since many 13th period entries are non-operational, you may get a clearer picture of your business operations with a 12-month P&L.
Balance Sheet [Last Year Analysis]
October 2000
This Year |
Last Year |
$ 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% | ||
Office Equipment |
||||||
Office Equip., Original Cost |
$12,000.00 |
$12,000.00 |
$0.00 |
0.0% | ||
Office Equip., Amortization |
($4,000.00) |
($4,000.00) |
$0.00 |
0.0% | ||
Total Office Equipment |
$8,000.00 |
$8,000.00 |
$0.00 |
0.0% | ||
Vehicles |
||||||
Vehicles, Original Cost |
$32,000.00 |
$32,000.00 |
$0.00 |
0.0% | ||
Vehicles, Amortization |
($16,500.00) |
($16,500.00) |
$0.00 |
0.0% | ||
Total Vehicles |
$15,500.00 |
$15,500.00 |
$0.00 |
0.0% | ||
Other Assets |
$500.00 |
$500.00 |
$0.00 |
0.0% | ||
Total Assets |
$156,659.23 |
$99,878.91 |
$56,780.32 |
56.8% | ||
Liabilities |
||||||
Credit Cards |
||||||
MasterCard |
$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% | ||
Tax Liabilities |
||||||
Tax 1 Collected |
$2,214.58 |
$354.98 |
$1,859.60 |
523.9% | ||
Tax 2 Collected |
$2,348.68 |
$452.00 |
$1,896.68 |
419.6% | ||
Total Tax Liabilities |
$4,563.26 |
$806.98 |
$3,756.28 |
465.5% | ||
Payroll Liabilities |
||||||
Default 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 |
$135,170.15 |
$126,506.98 |
$8,663.17 |
6.8% | ||
Equity |
||||||
Paid in Capital |
$110,000.00 |
$110,000.00 |
$0.00 |
0.0% | ||
Retained Earnings |
($58,078.07) |
($136,976.07) |
$78,898.00 |
(57.6%) | ||
Current Year Earnings |
($30,432.85) |
$348.00 |
($30,780.85) |
(8,845.1%) | ||
Total Equity |
$21,489.08 |
($26,628.07) |
$48,117.15 |
(180.7%) | ||
_____________ |
_____________ |
_____________ |
_____________ | |||
Total Liability & Equity |
$156,659.23 |
$99,878.91 |
$56,780.32 |
56.8% | ||