Balance Sheet
The Balance Sheet provides an overview of your agency’s financial status. It lists assets, liabilities, and owner’s equity for the current and previous period.
The following table lists the charts from which items originate.
| Charts | Description |
|---|---|
|
Current Assets |
|
|
1000-1009 |
Cash on Hand |
|
1010-1099 |
Cash in Bank |
|
1500-1510 |
Accounts Receivable-Customers |
|
1513-1599 |
Accounts Receivable-Other |
|
1512-1512 |
Credit Card Commissions Due |
|
1100-1199 |
Inventory |
|
1200-1499,1511, 1600-1699 |
Other Current Assets |
|
Fixed Assets |
|
|
1810 |
Furniture & Equipment-Cost |
|
1811 |
Less Depreciation |
|
1812 |
Automobiles-Cost |
|
1813 |
Less Depreciation |
|
1814 |
Computer Equipment-Cost |
|
1815 |
Less Depreciation |
|
1912 |
Leasehold Improvements-Cost |
|
1913 |
Less Depreciation |
|
1816-1830 |
Other Fixed Assets-Cost |
|
1831-1845 |
Less Depreciation |
|
1800-1809, 1846-1899 |
Other Fixed Assets |
|
Other Assets |
|
|
1741-1790 |
Long Term Notes Receivable |
|
1700-1740 |
Prepaid Expenses and Deposits |
|
1791-1795 |
Organization Expense (Net of Amort) |
|
1796-1799 |
Non-Compete Covenant (Net of Amort) |
|
1910-1911 |
Goodwill |
|
1900-1909, 1914-1999 |
Other Assets |
|
Current Liabilities |
|
|
2020-2029 |
Non-ARC Payable |
|
2010-2019 |
ARC Payable |
|
2030-2039 |
Direct Settlement Payable |
|
2500-2529 |
Groups & Wholesale in Process |
|
2040-2059 |
Unapplied Funds |
|
2100-2120 |
Operating Expense Payable |
|
2209-2219 |
Payroll Taxes Payable |
|
2220-2229 |
Federal & State Income Tax Payable |
|
2000-2009, 2060-2099, 2230-2499,
|
Other Current Liabilities |
|
Other Liabilities |
|
|
2600-2609 |
Long Term Notes Payable |
|
2610-2999 |
Other Non-Current Liabilities |
|
Owner's Equity |
|
|
3009-3010 |
Capital Stock |
|
3012-3013 |
Paid in Capital |
|
3014 |
Dividends Paid |
|
3011 |
Retained Earnings |
|
3000-3008, 3015-3999 |
Other Equities |
|
4000s + 5000s + 6000s |
Current Earnings |