This document provides a template balance sheet and a forecast for a restaurant. 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. This balance sheet is a useful analytical tool which can be used to calculate working capital or determine a company's capital structure.
[RESTAURANT NAME] Balance Sheet Forecast TIP: SHEET 2 BELOW HAS A FILLED OUT EXAMPLE [DATE] TIP: HOVER OVER EACH CELL FOR MORE INSTRUCTIONS Current Forecast [Current Date] [Forecast Date] ASSETS Current Assets Checking Account - - Petty Cash - - Accounts Receivables - - Temporary Investments - - Prepaid Insurance - - Employee Advances - - Food Inventory - - Bar Inventory - - Total Current Assets $ - $ - Fixed Assets Furniture and Equipment - - Computer Equipment - - Vehicles - - Buildings - - Land - - Total Fixed Assets $ - $ - Other Assets Trademarks - - Patents - - Security Deposits - - Other Assets Total Other Assets $ - $ - TOTAL ASSETS $ - $ - AURANT NAME] e Sheet Forecast Current Forecast [Current Date] [Forecast Date] LIABILITIES Current Liabilities Accounts Payable $- $- Business Credit Cards - - Employee Tips Payable - - Sales Tax Payable - - Payroll Liabilities - - Other Liabilities - - Total Current Liabilities $ - $ - Long-Term Liabilities Car Loan Payable - - Business Loan - - Shareholder's Loan - - Total Long-Term Liabilities $ - $ - EQUITY Opening Balance Equity - - Capital Stock - - Dividends Paid - - Owners Draw - - Retained Earnings - - Total Equity $ - $ - TOTAL LIABILITIES & EQUITY $ - $ - 1) Balance Sheets are an important financial document that shows the financial bala company. Financial balance achieved when the company's total assets equal the tot and equity. Often called a "snapshot of a company's finances", a balance sheet sho frequently updated to ensure the company is growing and remains financially balanc 2) The example shown consists of a fictional restaurant named "Lucy's Steakhouse". 3) Lucy's started out $51,000 business loan that they forecast to pay down to $45,00 year. 4) Lucy's had an opening balance equity of $12,000 that they expect to keep the sa year. 5) The company's capital stock value is expected to increase by a healthy $14,000 b 6) Lucy's expects to pay down its business loan, shareholders loan, and car loan by 7) In addition, Lucy's expects that its trademark and patents will increase by next y Lucy's Steakhouse Balance Sheet Forecast April 25, 2014 Current Forecast 25-Apr-14 25-Apr-15 ASSETS Current Assets Checking Account $ 12,000.00 $ 17,000.00 Petty Cash $ 1,000.00 $ 2,000.00 Accounts Receivables $ 1,500.00 $ 1,750.00 Temporary Investments $ 1,000.00 $ 2,250.00 Prepaid Insurance $ 2,000.00 $ 1,000.00 Employee Advances $ 1,400.00 $ 1,200.00 Food Inventory $ 4,500.00 $ 5,000.00 Bar Inventory $ 1,000.00 $ 1,500.00 Total Current Assets $ 24,400.00 $ 31,700.00 Fixed Assets Furniture and Equipment $ 50,000.00 $ 45,000.00 Computer Equipment $ 2,500.00 $ 2,000.00 Vehicles $ 10,000.00 $ 8,000.00 Buildings $ 12,000.00 $ 14,000.00 Land $ 61,000.00 $ 68,000.00 Total Fixed Assets $ 135,500.00 $ 137,000.00 Other Assets Trademarks $ 2,200.00 $ 2,500.00 Patents $ 2,200.00 $ 3,500.00 Security Deposits $ 2,500.00 $ 2,500.00 Other Assets $ 1,200.00 $ 1,200.00 Total Other Assets $ 8,100.00 $ 9,700.00 TOTAL ASSETS $ 168,000.00 $ 178,400.00 t that shows the financial balance of a ny's total assets equal the total liabilities inances", a balance sheet should be and remains financially balanced. nt named "Lucy's Steakhouse". orecast to pay down to $45,000 by next at they expect to keep the same by next crease by a healthy $14,000 by next year. holders loan, and car loan by next year. atents will increase by next year. Lucy's Steakhouse lance Sheet Forecast April 25, 2014 Current Forecast 25-Apr-14 25-Apr-15 LIABILITIES Current Liabilities Accounts Payable $ 5,000.00 $ 7,000.00 Business Credit Cards $ 15,000.00 $ 12,000.00 Employee Tips Payable $ 8,500.00 $ 10,000.00 Sales Tax Payable $ 1,200.00 $ 1,500.00 Payroll Liabilities $ 9,000.00 $ 12,000.00 Other Liabilities $ 1,500.00 $ 2,000.00 Total Current Liabilities $ 40,200.00 $ 44,500.00 Long-Term Liabilities Car Loan Payable $ 9,000.00 $ 8,000.00 Business Loan $ 51,000.00 $ 45,000.00 Shareholder's Loan $ 2,000.00 $ 500.00 Total Long-Term Liabilities $ 62,000.00 $ 53,500.00 EQUITY Opening Balance Equity $ 12,000.00 $ 12,000.00 Capital Stock $ 41,800.00 $ 56,500.00 Dividends Paid $ 5,000.00 $ 5,000.00 Owners Draw $ 2,000.00 $ 4,500.00 Retained Earnings $ 5,000.00 $ 2,400.00 Total Equity $ 65,800.00 $ 80,400.00 TOTAL LIABILITIES & EQUITY $ 168,000.00 $ 178,400.00
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