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Financial Statements

Create basic financial statements, including a balance sheet and income statement.
JH
Justin Hales
General Ledger
2
Period
Account
Account Group
Value
% of Revenue
1
2014
Accounts Payable (A/P)
Current Liabilities
​
0.0%
2
2014
Cash
Current Assets
​
0.0%
3
2014
Accounts Receivable (A/R)
Current Assets
​
0.0%
4
2014
Allowance for doubtful accounts
Current Assets
​
0.0%
5
2014
Prepaid expenses
Current Assets
​
0.0%
6
2014
Credit Card
Current Liabilities
​
0.0%
7
2014
Inventory
Current Assets
​
0.0%
8
2014
Other Current Asset
Current Assets
​
0.0%
9
2014
Fixed Asset
Long-Term Assets
​
0.0%
10
2014
Other Asset
Long-Term Assets
​
0.0%
11
2014
Long Term Liability
Long-Term Liability
​
0.0%
12
2014
Current Liability
Current Liabilities
​
0.0%
13
2014
Equity
Stockholders Equity
​
0.0%
14
2014
Revenue
Income
$2,100,000
100.0%
15
2014
COGS
COGS
​
0.0%
16
2014
Gross Margin
Gross Margin
​
0.0%
17
2014
Salaries & Wages
Operating Expenses
​
0.0%
18
2014
Rent & Utilities
Operating Expenses
​
0.0%
19
2014
Office Supplies
Operating Expenses
​
0.0%
20
2014
Advertising
Operating Expenses
​
0.0%
21
2014
Depreciation & Amort.
Operating Expenses
​
0.0%
22
2014
Operating Income
Operating Income
​
0.0%
23
2014
Interest Expense
Other Expenses
​
0.0%
24
2014
Tax Expense
Other Expenses
​
0.0%
25
2014
Net Income
Net Income
​
0.0%
26
2016
Accounts Payable (A/P)
Current Liabilities
$20,000
0.9%
27
2016
Cash
Current Assets
$245,000
10.7%
28
2016
Cash equivalents
Current Assets
$2,400
0.1%
29
2016
Accounts Receivable (A/R)
Current Assets
$479,000
20.8%
30
2016
Allowance for doubtful accounts
Current Assets
-$23,000
-1.0%
31
2016
Prepaid expenses
Current Assets
$300
0.0%
32
2016
Credit Card
Current Liabilities
$3,000
0.1%
33
2016
Inventory
Current Assets
$1,298,560
56.5%
34
2016
Other Current Asset
Current Assets
$0
0.0%
35
2016
Other Asset
Long-Term Assets
$3,400
0.1%
36
2016
Long Term Liability
Long-Term Liability
$0
0.0%
37
2016
Current Liability
Current Liabilities
$32,000
1.4%
38
2016
Office Supplies
Operating Expenses
$100
0.0%
39
2016
Advertising
Operating Expenses
$700
0.0%
40
2016
Depreciation & Amort.
Operating Expenses
$250
0.0%
41
2016
Operating Income
Operating Income
$1,298,000
56.4%
42
2016
Interest Expense
Other Expenses
$130
0.0%
43
2016
Tax Expense
Other Expenses
$1,320,870
57.4%
44
2016
Net Income
Net Income
-$23,000
-1.0%
45
2014
Cash equivalents
Current Assets
​
0.0%
46
2015
Accounts Payable (A/P)
Current Liabilities
​
0.0%
47
2015
Cash
Current Assets
​
0.0%
48
2015
Cash equivalents
Current Assets
​
0.0%
49
2015
Accounts Receivable (A/R)
Current Assets
​
0.0%
50
2015
Allowance for doubtful accounts
Current Assets
​
0.0%
51
2015
Prepaid expenses
Current Assets
​
0.0%
52
2015
Credit Card
Current Liabilities
​
0.0%
53
2015
Inventory
Current Assets
​
0.0%
54
2015
Other Current Asset
Current Assets
​
0.0%
55
2015
Fixed Asset
Long-Term Assets
​
0.0%
56
2015
Other Asset
Long-Term Assets
​
0.0%
57
2015
Long Term Liability
Long-Term Liability
​
0.0%
58
2015
Current Liability
Current Liabilities
​
0.0%
59
2015
Equity
Stockholders Equity
​
0.0%
60
2015
Revenue
Income
$2,200,000
100.0%
61
2015
COGS
COGS
$1,000,000
45.5%
62
2015
Gross Margin
Gross Margin
$1,200,000
54.5%
63
2015
Salaries & Wages
Operating Expenses
$500
0.0%
64
2015
Rent & Utilities
Operating Expenses
$450
0.0%
65
2015
Office Supplies
Operating Expenses
$100
0.0%
66
2015
Advertising
Operating Expenses
$700
0.0%
67
2015
Depreciation & Amort.
Operating Expenses
$250
0.0%
68
2015
Operating Income
Operating Income
$1,198,000
54.5%
69
2015
Interest Expense
Other Expenses
$130
0.0%
70
2015
Tax Expense
Other Expenses
$1,215,870
55.3%
71
2015
Net Income
Net Income
-$18,000
-0.8%
72
2017
Accounts Payable (A/P)
Current Liabilities
$25,000
1.0%
73
2017
Cash
Current Assets
$357,000
14.9%
74
2017
Cash equivalents
Current Assets
$2,400
0.1%
75
2017
Accounts Receivable (A/R)
Current Assets
$518,000
21.6%
76
2017
Allowance for doubtful accounts
Current Assets
-$30,000
-1.3%
77
2017
Prepaid expenses
Current Assets
$500
0.0%
78
2017
Credit Card
Current Liabilities
$5,000
0.2%
79
2017
Inventory
Current Assets
$2,549,887
106.2%
80
2017
Other Current Asset
Current Assets
$0
0.0%
81
2017
Fixed Asset
Long-Term Assets
$959,000
40.0%
82
2017
Other Asset
Long-Term Assets
$3,400
0.1%
83
2017
Long Term Liability
Long-Term Liability
$0
0.0%
84
2017
Current Liability
Current Liabilities
$24,000
1.0%
85
2017
Equity
Stockholders Equity
$3,569,005
148.7%
86
2017
Revenue
Income
$2,400,000
100.0%
87
2017
COGS
COGS
$1,000,000
41.7%
88
2017
Gross Margin
Gross Margin
$1,400,000
58.3%
89
2017
Salaries & Wages
Operating Expenses
$500
0.0%
90
2017
Rent & Utilities
Operating Expenses
$450
0.0%
91
2017
Office Supplies
Operating Expenses
$100
0.0%
92
2017
Advertising
Operating Expenses
$700
0.0%
93
2017
Depreciation & Amort.
Operating Expenses
$250
0.0%
94
2017
Operating Income
Operating Income
$1,398,000
58.3%
95
2017
Interest Expense
Other Expenses
$130
0.0%
96
2017
Tax Expense
Other Expenses
$1,394,630
58.1%
97
2017
Net Income
Net Income
$3,500
0.1%
98
2018
Accounts Payable (A/P)
Current Liabilities
$27,000
1.1%
99
2018
Allowance for doubtful accounts
Current Assets
-$52,000
-2.1%
100
2018
Credit Card
Current Liabilities
$13,000
0.5%
101
2018
Inventory
Current Assets
$2,156,894
86.3%
102
2018
Other Current Asset
Current Assets
$0
0.0%
103
2018
Fixed Asset
Long-Term Assets
$120,567
4.8%
104
2018
Other Asset
Long-Term Assets
$3,400
0.1%
105
2018
Long Term Liability
Long-Term Liability
$500,000
20.0%
106
2018
Current Liability
Current Liabilities
$18,000
0.7%
107
2018
Equity
Stockholders Equity
$4,345,990
173.8%
108
2018
Revenue
Income
$2,500,000
100.0%
109
2018
Gross Margin
Gross Margin
$1,500,000
60.0%
110
2018
Salaries & Wages
Operating Expenses
$500
0.0%
111
2018
Rent & Utilities
Operating Expenses
$450
0.0%
112
2018
Office Supplies
Operating Expenses
$100
0.0%
113
2016
Fixed Asset
Long-Term Assets
$899,004
39.1%
114
2016
Equity
Stockholders Equity
$2,569,905
111.7%
115
2016
Revenue
Income
$2,300,000
100.0%
116
2016
COGS
COGS
$1,000,000
43.5%
117
2016
Gross Margin
Gross Margin
$1,300,000
56.5%
118
2016
Salaries & Wages
Operating Expenses
$500
0.0%
119
2016
Rent & Utilities
Operating Expenses
$450
0.0%
120
2018
Prepaid expenses
Current Assets
$1,200
0.0%
121
2018
COGS
COGS
$1,000,000
40.0%
122
2019
Accounts Payable (A/P)
Current Liabilities
​
0.0%
123
2019
Fixed Asset
Long-Term Assets
​
0.0%
124
2018
Advertising
Operating Expenses
$700
0.0%
125
2018
Depreciation & Amort.
Operating Expenses
$250
0.0%
126
2018
Operating Income
Operating Income
$1,498,000
59.9%
127
2018
Interest Expense
Other Expenses
$130
0.0%
128
2018
Tax Expense
Other Expenses
$1,497,870
59.9%
129
2019
Cash
Current Assets
​
0.0%
130
2019
Cash equivalents
Current Assets
​
0.0%
131
2019
Accounts Receivable (A/R)
Current Assets
​
0.0%
132
2019
Allowance for doubtful accounts
Current Assets
​
0.0%
133
2019
Prepaid expenses
Current Assets
​
0.0%
134
2019
Credit Card
Current Liabilities
​
0.0%
135
2019
Inventory
Current Assets
​
0.0%
136
2019
Other Current Asset
Current Assets
​
0.0%
137
2019
Other Asset
Long-Term Assets
​
0.0%
138
2019
Long Term Liability
Long-Term Liability
​
0.0%
139
2019
Current Liability
Current Liabilities
​
0.0%
140
2019
Equity
Stockholders Equity
​
0.0%
141
2019
Revenue
Income
$2,600,000
100.0%
142
2019
COGS
COGS
​
0.0%
143
2019
Gross Margin
Gross Margin
​
0.0%
144
2019
Salaries & Wages
Operating Expenses
​
0.0%
145
2019
Rent & Utilities
Operating Expenses
​
0.0%
146
2019
Office Supplies
Operating Expenses
​
0.0%
147
2019
Advertising
Operating Expenses
​
0.0%
148
2019
Depreciation & Amort.
Operating Expenses
​
0.0%
149
2019
Interest Expense
Other Expenses
​
0.0%
150
2019
Net Income
Net Income
​
0.0%
151
2020
Accounts Payable (A/P)
Current Liabilities
​
0.0%
152
2020
Cash
Current Assets
​
0.0%
153
2020
Cash equivalents
Current Assets
​
0.0%
154
2020
Accounts Receivable (A/R)
Current Assets
​
0.0%
155
2020
Allowance for doubtful accounts
Current Assets
​
0.0%
156
2020
Prepaid expenses
Current Assets
​
0.0%
157
2020
Credit Card
Current Liabilities
​
0.0%
158
2020
Inventory
Current Assets
​
0.0%
159
2020
Other Current Asset
Current Assets
​
0.0%
160
2020
Fixed Asset
Long-Term Assets
​
0.0%
161
2020
Other Asset
Long-Term Assets
​
0.0%
162
2020
Long Term Liability
Long-Term Liability
​
0.0%
163
2020
Current Liability
Current Liabilities
​
0.0%
164
2020
Equity
Stockholders Equity
​
0.0%
165
2020
Revenue
Income
$2,700,000
100.0%
166
2020
COGS
COGS
​
0.0%
167
2020
Gross Margin
Gross Margin
​
0.0%
168
2020
Salaries & Wages
Operating Expenses
​
0.0%
169
2020
Rent & Utilities
Operating Expenses
​
0.0%
170
2020
Office Supplies
Operating Expenses
​
0.0%
171
2020
Advertising
Operating Expenses
​
0.0%
172
2020
Depreciation & Amort.
Operating Expenses
​
0.0%
173
2020
Operating Income
Operating Income
​
0.0%
174
2020
Interest Expense
Other Expenses
​
0.0%
175
2020
Tax Expense
Other Expenses
​
0.0%
176
2020
Net Income
Net Income
​
0.0%
177
2021
Accounts Payable (A/P)
Current Liabilities
​
0.0%
178
2021
Cash
Current Assets
​
0.0%
179
2021
Cash equivalents
Current Assets
​
0.0%
180
2021
Accounts Receivable (A/R)
Current Assets
​
0.0%
181
2021
Allowance for doubtful accounts
Current Assets
​
0.0%
182
2021
Prepaid expenses
Current Assets
​
0.0%
183
2021
Credit Card
Current Liabilities
​
0.0%
184
2021
Inventory
Current Assets
​
0.0%
185
2021
Other Current Asset
Current Assets
​
0.0%
186
2021
Fixed Asset
Long-Term Assets
​
0.0%
187
2021
Other Asset
Long-Term Assets
​
0.0%
188
2021
Long Term Liability
Long-Term Liability
​
0.0%
189
2021
Current Liability
Current Liabilities
​
0.0%
190
2021
Equity
Stockholders Equity
​
0.0%
191
2021
Revenue
Income
$2,800,000
100.0%
192
2021
COGS
COGS
​
0.0%
193
2021
Gross Margin
Gross Margin
​
0.0%
194
2021
Salaries & Wages
Operating Expenses
​
0.0%
195
2021
Rent & Utilities
Operating Expenses
​
0.0%
196
2021
Office Supplies
Operating Expenses
​
0.0%
197
2021
Advertising
Operating Expenses
​
0.0%
198
2021
Depreciation & Amort.
Operating Expenses
​
0.0%
199
2021
Operating Income
Operating Income
​
0.0%
200
2021
Interest Expense
Other Expenses
​
0.0%
201
2021
Tax Expense
Other Expenses
​
0.0%
202
2021
Net Income
Net Income
​
0.0%
203
2022
Accounts Payable (A/P)
Current Liabilities
​
0.0%
204
2022
Cash
Current Assets
​
0.0%
205
2022
Cash equivalents
Current Assets
​
0.0%
206
2022
Accounts Receivable (A/R)
Current Assets
​
0.0%
207
2022
Allowance for doubtful accounts
Current Assets
​
0.0%
208
2022
Prepaid expenses
Current Assets
​
0.0%
209
2022
Credit Card
Current Liabilities
​
0.0%
210
2022
Inventory
Current Assets
​
0.0%
211
2022
Other Current Asset
Current Assets
​
0.0%
212
2022
Fixed Asset
Long-Term Assets
​
0.0%
213
2022
Other Asset
Long-Term Assets
​
0.0%
214
2022
Long Term Liability
Long-Term Liability
​
0.0%
215
2022
Current Liability
Current Liabilities
​
0.0%
216
2022
Equity
Stockholders Equity
​
0.0%
217
2022
Revenue
Income
$2,900,000
100.0%
218
2022
COGS
COGS
​
0.0%
219
2022
Gross Margin
Gross Margin
​
0.0%
220
2022
Salaries & Wages
Operating Expenses
​
0.0%
221
2022
Rent & Utilities
Operating Expenses
​
0.0%
222
2022
Office Supplies
Operating Expenses
​
0.0%
223
2022
Advertising
Operating Expenses
​
0.0%
224
2022
Depreciation & Amort.
Operating Expenses
​
0.0%
225
2022
Operating Income
Operating Income
​
0.0%
226
2022
Interest Expense
Other Expenses
​
0.0%
227
2022
Tax Expense
Other Expenses
​
0.0%
228
2022
Net Income
Net Income
​
0.0%
229
2023
Accounts Payable (A/P)
Current Liabilities
​
​
230
2023
Cash
Current Assets
​
​
231
2023
Cash equivalents
Current Assets
​
​
232
2023
Accounts Receivable (A/R)
Current Assets
​
​
233
2023
Allowance for doubtful accounts
Current Assets
​
​
234
2023
Prepaid expenses
Current Assets
​
​
235
2023
Credit Card
Current Liabilities
​
​
236
2023
Inventory
Current Assets
​
​
237
2023
Other Current Asset
Current Assets
​
​
238
2023
Fixed Asset
Long-Term Assets
​
​
239
2023
Other Asset
Long-Term Assets
​
​
240
2023
Long Term Liability
Long-Term Liability
​
​
241
2023
Current Liability
Current Liabilities
​
​
242
2023
Equity
Stockholders Equity
​
​
243
2023
Revenue
Income
​
​
244
2023
COGS
COGS
​
​
245
2023
Gross Margin
Gross Margin
​
​
246
2023
Salaries & Wages
Operating Expenses
​
​
247
2023
Rent & Utilities
Operating Expenses
​
​
248
2023
Office Supplies
Operating Expenses
​
​
249
2023
Advertising
Operating Expenses
​
​
250
2023
Depreciation & Amort.
Operating Expenses
​
​
251
2023
Operating Income
Operating Income
​
​
252
2023
Interest Expense
Other Expenses
​
​
253
2023
Tax Expense
Other Expenses
​
​
254
2023
Net Income
Net Income
​
​
255
2024
Accounts Payable (A/P)
Current Liabilities
​
​
256
2024
Cash
Current Assets
​
​
257
2024
Cash equivalents
Current Assets
​
​
258
2024
Accounts Receivable (A/R)
Current Assets
​
​
259
2024
Allowance for doubtful accounts
Current Assets
​
​
260
2024
Prepaid expenses
Current Assets
​
​
261
2024
Credit Card
Current Liabilities
​
​
262
2024
Inventory
Current Assets
​
​
263
2024
Other Current Asset
Current Assets
​
​
264
2024
Fixed Asset
Long-Term Assets
​
​
265
2024
Other Asset
Long-Term Assets
​
​
266
2024
Long Term Liability
Long-Term Liability
​
​
267
2024
Current Liability
Current Liabilities
​
​
268
2024
Equity
Stockholders Equity
​
​
269
2024
Revenue
Income
​
​
270
2024
COGS
COGS
​
​
271
2024
Gross Margin
Gross Margin
​
​
272
2024
Salaries & Wages
Operating Expenses
​
​
273
2024
Rent & Utilities
Operating Expenses
​
​
274
2024
Office Supplies
Operating Expenses
​
​
275
2024
Advertising
Operating Expenses
​
​
276
2024
Depreciation & Amort.
Operating Expenses
​
​
277
2024
Operating Income
Operating Income
​
​
278
2024
Interest Expense
Other Expenses
​
​
279
2024
Tax Expense
Other Expenses
​
​
280
2024
Net Income
Net Income
​
​
281
2018
Cash
Current Assets
$569,000
22.8%
282
2018
Cash equivalents
Current Assets
$2,650
0.1%
283
2018
Accounts Receivable (A/R)
Current Assets
$956,000
38.2%
284
2018
Net Income
Net Income
$22,100
0.9%
285
2019
Operating Income
Operating Income
​
0.0%
286
2019
Tax Expense
Other Expenses
​
0.0%
287
2014
EBITDA
EBITDA
-$15,000
-0.7%
288
2015
EBITDA
EBITDA
-$18,000
-0.8%
289
2016
EBITDA
EBITDA
-$23,000
-1.0%
290
2017
EBITDA
EBITDA
$3,500
0.1%
291
2018
EBITDA
EBITDA
$22,100
0.9%
292
2019
EBITDA
EBITDA
$56,000
2.2%
293
2020
EBITDA
EBITDA
$78,000
2.9%
294
2021
EBITDA
EBITDA
$124,000
4.4%
295
2022
EBITDA
EBITDA
$146,900
5.1%
296
2023
EBITDA
EBITDA
​
​
297
2024
EBITDA
EBITDA
​
​
There are no rows in this table
297
Count
⁠

Balance Sheet

Show the following periods:
2016
+2
⁠
⁠
Account Group
Account
Period
2016
2017
2018
Value
Value
Value
Current Assets
Cash
$245,000
$357,000
$569,000
Accounts Receivable (A/R)
$479,000
$518,000
$956,000
Allowance for doubtful accounts
-$23,000
-$30,000
-$52,000
Prepaid expenses
$300
$500
$1,200
Inventory
$1,298,560
$2,549,887
$2,156,894
Other Current Asset
$0
$0
$0
Cash equivalents
$2,400
$2,400
$2,650
Long-Term Assets
Fixed Asset
$899,004
$959,000
$120,567
Other Asset
$3,400
$3,400
$3,400
Current Liabilities
Accounts Payable (A/P)
$20,000
$25,000
$27,000
Credit Card
$3,000
$5,000
$13,000
Current Liability
$32,000
$24,000
$18,000
Long-Term Liability
Long Term Liability
$0
$0
$500,000
Stockholders Equity
Equity
$2,569,905
$3,569,005
$4,345,990
⁠

Income Statement

Show the following periods:
2016
+4
⁠
⁠
2015
2016
2017
2018
Income
Revenue
$2,200,000
$2,300,000
$2,400,000
$2,500,000
COGS
COGS
$1,000,000
$1,000,000
$1,000,000
$1,000,000
Gross Margin
Gross Margin
$1,200,000
$1,300,000
$1,400,000
$1,500,000
Operating Expenses
Salaries & Wages
$500
$500
$500
$500
Rent & Utilities
$450
$450
$450
$450
Office Supplies
$100
$100
$100
$100
Advertising
$700
$700
$700
$700
Depreciation & Amort.
$250
$250
$250
$250
Operating Income
Operating Income
$1,198,000
$1,298,000
$1,398,000
$1,498,000
Other Expenses
Interest Expense
$130
$130
$130
$130
Tax Expense
$1,215,870
$1,320,870
$1,394,630
$1,497,870
EBITDA
EBITDA
-$18,000
-$23,000
$3,500
$22,100
Net Income
Net Income
-$18,000
-$23,000
$3,500
$22,100
⁠

Periods
⁠

Accounts

⁠
Add account
⁠
⁠
Statement Type
Group
Account
What for
When to add
Add to General Ledger
Balance Sheet
14
Current Assets
7
Cash
Track business checking, savings, money market, and petty cash accounts.
You can also add bank accounts to track your cash in drawer amount if you have a cash register..
Add to GL
Cash equivalents
Assets that you can easily turn into cash such as checking accounts, savings accounts, money market and CD accounts.
You can also add Current Asset account to track: Accounts receivable Inventory
Add to GL
Accounts Receivable (A/R)
Track transactions related to customers who owe you money.
You can use accounts receivable reports and graphs to track the:
Customers who owe you money
Invoices that are unpaid
Number of days that an invoice is past due
Add to GL
Allowance for doubtful accounts
Contra account to
@Accounts Receivable (A/R)
⁠
​
Add to GL
Prepaid expenses
​
​
Add to GL
Inventory
Things that you sell as part of your typical business operations
​
Add to GL
Other Current Asset
Items that can be converted to cash or used up within one year such as prepaid expenses, employee cash advances, inventory, or loans from your business.
You can also use it to track supplies, deferred income taxes, estimated future income tax benefits, security deposits, and investment property.
Add to GL
Long-Term Assets
2
Fixed Asset
Items with a minimum cost that you have to sell in order to generate cash. Examples are automobile, equipment and land. Consult your accountant or tax prepare to determine the actual minimum cost that you should use to determine fixed asset.
You can also add Fixed Asset accounts to track:
Construction and landscaping machines; music, photographic, and printing equipment
Fixtures and fittings (automotive or photographic shop fixtures, etc.)
Office equipment (cell /telephones, computers, copiers, printers, fax machines, projectors, etc.)
Office furniture (chairs, desks, filing cabinets, lamps, etc.)
Add to GL
Other Asset
Items that are neither Fixed Asset nor Other Current Assets such as goodwill, long term notes receivable and security deposits that have been paid by you.
You can also use Other Asset for tracking Intellectual property, confidential information, copyrights, designs, formulas, patents, and trademarks.
Add to GL
Current Liabilities
3
Accounts Payable (A/P)
Tracks transactions related to money you owe to vendors.
You can use accounts payable reports and graphs to track the:
Vendors you need to pay
Outstanding bills you need to pay
Amounts you owe your vendors
Add to GL
Credit Card
Credit card purchases for the business.
You can add multiple business credit card accounts if:
You have one or more employees who need a company credit card to make business-related purchases.
You want to use different cards for different types of purchases (one for travel expenses, one for office supplies, one for building supplies, etc.).

Note: If you have multiple business credit cards for one charge account, create only one Credit Card account for the statement.
Add to GL
Current Liability
Money that your business owes and expects to pay within one year such as Sales tax, Security deposits, and payroll taxes.
You can also use it to track benefits, contracts, entitlements, and salaries and wages. NOTE: If you have one or more loans for your business, you should create different Loan accounts for each one. For example, if you have loans to fund for equipment, inventory, or working capital, you should create different Loan accounts to track the principal you owe for each one.
Add to GL
Long-Term Liability
1
Long Term Liability
Money that your business owes and expects to pay back over more than one year such as Mortgages, Long-term loans, and notes payable.
You may also add the account to track Bonds payable, Lease payments, and Deferred income tax payments.
Add to GL
Stockholders Equity
1
Equity
The net worth of the company. It represents the difference between your liabilities and assets. If you sold all your assets today, and if you paid off your liabilities with the money received from the sale of your assets, the money you would have left is your equity.
You can also create additional Equity accounts to track:
Owner’s equity
Owner’s draws
Capital investments
Capital stocks.
Add to GL
Income Statement
13
Income
1
Revenue
​
​
Add to GL
COGS
1
COGS
​
​
Add to GL
Gross Margin
1
Gross Margin
​
​
Add to GL
Operating Expenses
5
Salaries & Wages
​
​
Add to GL
Rent & Utilities
​
​
Add to GL
Office Supplies
​
​
Add to GL
Advertising
​
​
Add to GL
Depreciation & Amort.
​
​
Add to GL
EBITDA
1
EBITDA
Earnings before interest, taxes, depreciation, and amortization
​
Add to GL
Operating Income
1
Operating Income
​
​
Add to GL
Other Expenses
2
Interest Expense
​
​
Add to GL
Tax Expense
​
​
Add to GL
Net Income
1
Net Income
​
​
Add to GL
Statement of Cash Flows
3
Operations
1
Change in net working capital
Changes in net working capital
​
Add to GL
Investing
1
Capital expenditures
Cash spent on property, plant and equipment.
​
Add to GL
Free cash flow
1
Free cash flow
​
​
Add to GL
⁠

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