Business Name:

Date:

 

 

 

 

 

ASSETS

 

 

LIABILITIES

 

         

Current Assets

 

 

Current liabilities

 

Cash

 

$

Accounts payable

$

Petty cash

 

$

Notes payable

$

Accounts receivable

 

$

Interest payable

$

Inventory

 

$

 

 

Short-term investments

 

$

Taxes payable

 

Prepaid expenses

 

$

Central government income tax

$

 

 

 

Self-employment tax

$

Long-term investments

 

$

State income tax

$

 

 

 

Sales tax accrual

$

Fixed assets

 

 

Property tax

$

Land (valued at cost)

 

$

 

 

 

 

 

Payroll accrual

$

Buildings

 

$

 

 

1. Cost

$

 

Long-term liabilities

 

2. Less acc. depreciation

$

 

Notes payable

$

 

 

 

 

 

Improvements

 

 

TOTAL LIABILITIES

$

1. Cost

$

 

2. Less acc. depreciation

$

 

 

 

 

 

 

NET WORTH (EQUITY)

 

Equipment

 

$

1. Cost

$

 

 

 

2. Less acc. depreciation

$

 

Proprietorship

$

 

 

 

or

 

Furniture

 

$

Partnership

 

1. Cost

$

 

(name) ,    % equity

$

2. Less acc. depreciation

$

 

(name) ,     % equity

$

 

 

 

 

 

Autos/vehicles

 

$

or

 

1. Cost

$

 

Corporation

 

2. Less acc. depreciation

$

 

Capital stock

$

 

 

 

Surplus paid in

$

Other assets

 

$

Retained earnings

$

1.

 

$

 

 

2.

 

 

TOTAL NET WORTH

$

 

 

 

TOTAL ASSETS

 

 

 

 

$

 

Assets - Liabilities = Net Worth

and

Liabilities + Equity = Total Assets

 

 

 

Venture Financing Funnel

Venture Financing: Key Documents To Be Prepared

 

Tips for Financial Calculations Preparer:

Average Accounts Receivable = (Beginning Accounts Receivable + Ending Accounts Receivable) / 2

Accounts Receivable, Net = Sales / Average Accounts Receivable

Accounts Payable (for 1 year) = (Purchases + Ending Inventory x Payment Cycle) / 360 days

For Following Years: (Purchases + Average Inventory x Payment Cycle) / 360 days

Inventory Turns = Cost of Goods Sold / Average Inventory

Accrued Expenses = (Overhead + Service Coast + Ending Accounts Receivable) / 2