This document provides a template balance sheet for a legal services start up. The purpose of a balance sheet is to provide a snapshot view of a company's financials. It is a financial statement that summarizes a company's assets, liabilities, and owners'/shareholders' equity at a specified point in time. Each section will list several accounts. For example, the assets will commonly include accounts for current assets (such as cash, inventory, and accounts receivable), fixed assets, and other property; similarly the liabilities section will often include accounts for current and fixed liabilities - though the exact accounts listed will vary by company. A balance sheet is a useful analytical tool; it can be used to calculate working capital or used to determine a company's capital structure.
[COMPANY NAME] Balance Sheet Forecast [Date] Current Forecast Current Forecast [Date] [Date] [Date] [Date] ASSETS LIABILITIES Current Assets Current Liabilities Checking Account $ - $ - Accounts Payable $ - $ - Petty Cash - - Business Credit Cards - - Accounts Receivable - - Customer Deposits - - Grants Receivable - - Sales Tax Payable - - Retail Inventory - - Payroll Liabilities - - Other Assets - - - - - - Long-term Liabilities Fixed Assets Car Loan Payable - - Furniture and Equipment - - Equipment Leases - - (Accum Dep. - Furniture) - - Bus. Development Loan - - Computer Equipment - - Shareholder's Loan - - (Accum Dep. - Computers) - - - - Vehicles - - (Accum Dep. - Vehicles) - - EQUITY Buildings - - Opening Balance Equity - - (Accum Dep. - Buildings) - - Capital Stock - - Land - - Dividends Paid - - - - Owners Draw - - Retained Earnings - - Other Assets - - Patents - - Security Deposits - - - - TOTAL ASSETS $ - $ - TOTAL LIABILITIES & EQUITY $ - $ - [COMPANY NAME] Balance Sheet Forecast [Date] Current Forecast Current Forecast [Date] [Date] [Date] [Date] ASSETS LIABILITIES [COMPANY NAME] Balance Sheet Forecast [Date] Current Forecast Current Forecast [Date] [Date] [Date] [Date] ASSETS LIABILITIES #REF!
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