Projected Balance Sheet Form PDF Details

Understanding the Projected Balance Sheet form is crucial for businesses aiming to map out their financial futures. This tool provides a forward-looking snapshot, estimating a company's assets, liabilities, and equity at a future date. It's particularly valuable for planning and identifying what resources will be needed, where they are going to be utilized, and their sources of financing. By starting with the last historical balance sheet and incorporating projections from the Profit & Loss and Cash Flow forecasts, businesses can anticipate how the year's operations will impact their financial status. It's essential for planning significant sales growth, as it requires analyzing the effect on inventory, accounts receivable, and the need for new equipment, among others. While preparing it, a balance between the assets and the liabilities and equity sections must be maintained to reflect the true financial position accurately. The form also suggests simplifying the presentation by condensing numbers and merging categories for clarity. Moreover, special attention is needed when entering values such as accumulated depreciation and retained earnings to ensure accuracy. The Projected Balance Sheet, therefore, serves as a strategic planning tool, helping businesses foresee their financial condition and make informed decisions for sustainable growth.

QuestionAnswer
Form NameProjected Balance Sheet Form
Form Length2 pages
Fillable?No
Fillable fields0
Avg. time to fill out30 sec
Other namesblank balance sheet form, blank balance, blank balance sheet pdf, balance sheet template

Form Preview Example

Balance Sheet (Projected)

Enter your Company Name here

 

 

Beginning

 

 

Projected

 

 

as of mm/dd/yyyy

 

 

as of mm/dd/yyyy

Assets

 

 

 

 

 

Current Assets

 

 

 

 

 

Cash in bank

$

-

$

-

Accounts receivable

 

-

 

 

-

Inventory

 

-

 

 

-

Prepaid expenses

 

-

 

 

-

Other current assets

 

-

 

 

-

Total Current Assets

$

-

$

-

Fixed Assets

 

 

 

 

 

Machinery & equipment

$

-

$

-

Furniture & fixtures

 

-

 

 

-

Leasehold improvements

 

-

 

 

-

Land & buildings

 

-

 

 

-

Other fixed assets

 

-

 

 

-

(LESS accumulated depreciation on all fixed

 

-

 

 

-

Total Fixed Assets (net of depreciation)

$

-

$

-

Other Assets

 

 

 

 

 

Intangibles

$

-

$

-

Deposits

 

-

 

 

-

Goodwill

 

-

 

 

-

Other

 

-

 

 

-

Total Other Assets

$

-

$

-

 

 

 

 

 

 

TOTAL Assets

$

-

 

$

-

Liabilities and Equity

 

 

 

 

 

 

 

 

 

 

Current Liabilities

 

 

 

 

 

Accounts payable

$

-

$

-

Interest payable

 

-

 

 

-

Taxes payable

 

-

 

 

-

Notes, short-term (due within 12 months)

 

-

 

 

-

Current part, long-term debt

 

-

 

 

-

Other current liabilities

 

-

 

 

-

Total Current Liabilities

$

-

$

-

Long-term Debt

 

 

 

 

 

Bank loans payable

$

-

$

-

Notes payable to stockholders

 

-

 

 

-

LESS: Short-term portion

 

-

 

 

-

Other long term debt

 

-

 

 

-

Total Long-term Debt

$

-

$

-

 

 

 

 

 

 

Total Liabilities

$

-

 

$

-

Owners' Equity

 

 

 

 

 

 

 

 

 

 

Invested capital

$

-

$

-

Retained earnings - beginning

 

-

 

 

-

Retained earnings - current

 

-

 

 

-

Total Owners' Equity

$

-

$

-

 

 

 

 

 

 

Total Liabilities & Equity

$

-

 

$

-

 

 

 

 

 

 

Notes on Preparation

You may want to print this information to use as reference later. To delete these instructions, click the border of this text box and then press the DELETE key.

Projecting your balance sheet can be quite a complex accounting problem, but that does not mean you need to be a professional accountant to do it or to benefit from the exercise. The desired result is not a perfect forecast, but rather a thoughtful plan detailing what additional resources will be needed by the company, where they will be needed, and how they will be financed. Using your last historical balance sheet as a starting point, project what your balance sheet will look like at the end of the 12 month period covered in your Profit & Loss and Cash Flow forecasts. How will the year's operations affect assets, debts and owners’ equity? For example, if you are planning significant sales growth in the coming year, go through the balance sheet item by item and think about the probably effects of assets.

Ex. ASSETS: Inventory and Accounts Receivable will have to grow. New equipment may be needed for increased production. You may draw down on cash to finance some of this.

Now, since a balance must balance, you need to consider the effects on the other half of the statement, liabilities and equity.

Ex. LIABILITIES & EQUITY: Some of the growth may be financed by profits retained in the business as Retained Earnings. Your Profit & Loss Projection will tell you how much might be available from that source. Funds may be contributed by the owners through contributions of more Invested Capital or loans to the company (Notes Payable to Stockholders). Suppliers may provide some of the financing via increased Accounts Payable. The rest will have to be financed by borrowing, which can be: Short term loans (due within 12 months) such as a line of credit or by Long Term Debt (maturity greater than 12 months).

Technical Tips:

1.Your firm's balance sheet no doubt has more lines than this template. For clarity and ease of analysis, we recommend you combine categories to fit into this compressed format.

2.As always for projections, we recommend that you condense your numbers. Most people find it useful to express the values in thousands, rounding to the nearest hundred dollars; for example, $11,459 would be entered as 11.5.

3.In the Fixed Assets section, the "LESS accumulated depreciation"

figure is the total of all depreciation accrued over the years on all fixed assets still owned by the company. Be sure to enter it as a negative number so the spreadsheet will subtract it from Total Fixed Assets.

4.In Owners' Equity, "Retained Earnings-Beginning" is retained earnings as of the last historical balance sheet or the end of the last fiscal year. "Retained Earnings-Current" is net profit for the period of the projections, less any owner's draw (for partnerships and proprietorships) or dividends paid (for corporations).

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This form requires specific data to be typed in, so make sure you take some time to enter precisely what is asked:

1. The blank balance sheet form needs specific information to be inserted. Make certain the following fields are filled out:

how to fill balance sheet writing process clarified (portion 1)

2. Just after completing this part, go to the subsequent step and enter the essential details in all these blanks - Fixed Assets Machinery equipment, Other Assets Intangibles Deposits, TOTAL Assets, Liabilities and Equity, Current Liabilities Accounts, Longterm Debt Bank loans payable, Total Liabilities, and Owners Equity Invested capital.

Part number 2 of filling in how to fill balance sheet

Be extremely mindful while filling out TOTAL Assets and Total Liabilities, because this is where most people make a few mistakes.

3. The following step focuses on Owners Equity Invested capital, and Total Liabilities Equity - type in these blanks.

Owners Equity Invested capital, Total Liabilities  Equity, and Owners Equity Invested capital of how to fill balance sheet

Step 3: Proofread the details you've typed into the blank fields and press the "Done" button. Try a free trial plan with us and get immediate access to blank balance sheet form - download, email, or change from your personal cabinet. At FormsPal, we do our utmost to be certain that all of your information is kept protected.