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[Company Name]
Balance Sheet
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Date:
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Assets20202019
One would think that excel and word are efficient ways
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Current Assets
to keep your business's income statements in check,
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Cash11,874
which is partially true, except it takes up a lot of your time.
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Accounts receivable
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Inventory
Wishup offers you with a one-stop solution for that,
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Prepaid expenses
wherein you can opt for bookkeeping services
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Short-term investmentshassle-free!
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Total current assets$ 11,874$ -
Change your bookkeeper if you're unsatisfied
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Fixed (Long-Term) Assets
or opt out whenever you want.
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Long-term investments1,208
We promise to not hold you accountable.
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Property, plant, and equipment15,340
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(Less accumulated depreciation)-2,200
Get ready to experience Bookkeeping Services like never before.
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Intangible assets
Save time, money, and energy.
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Total fixed assets$ 14,348$ -
Let your balance sheet be handled by efficient bookkeepers.
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Other Assets
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Deferred income tax
Hire a Bookkeeper from Wishup, now!
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Other
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Total Other Assets$ -$ -
Schedule a free consultation today!
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Total Assets$ 26,222$ -
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Liabilities and Owner's Equity
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Current Liabilities
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Accounts payable8,060
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Short-term loans
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Income taxes payable3,145
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Accrued salaries and wages
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Unearned revenue
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Current portion of long-term debt
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Total current liabilities$ 11,205$ -
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Long-Term Liabilities
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Long-term debt3,450
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Deferred income tax
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Other
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Total long-term liabilities$ 3,450$ -
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Owner's Equity
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Owner's investment7,178
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Retained earnings4,389
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Other
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Total owner's equity$ 11,567$ -
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Total Liabilities and Owner's Equity$ 26,222$ -
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{42}
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Common Financial Ratios
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Debt Ratio (Total Liabilities / Total Assets)0.56
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Current Ratio (Current Assets / Current Liabilities)1.06
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Working Capital (Current Assets - Current Liabilities)669-
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Assets-to-Equity Ratio (Total Assets / Owner's Equity)2.27
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Debt-to-Equity Ratio (Total Liabilities / Owner's Equity)1.27
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