|
 In
this section you will enter information from your most recent year
end statements, then you will identify items that vary with sales.
1. Enter your
company name and description.
You have the option of entering your company name
and a description if you want them to appear on a
print-out for your own use. For example, a good description would be
Year-End December 31, 2002.
2. Enter your actual sales
and net profits from your profit and loss statement:
3. Now you will enter
balance sheet information from your most recent statement along with
information about items that vary with sales:
- This is a summarized statement so you may need to combine some of your balance sheet categories together.
Next to each item is a box that designates if the item is variable
or non-variable.
To change the designation, click on the designation you want for that category.
- Some assets and some liabilities in your business vary directly with sales. For example, inventory is a variable asset because it increases in order to support increased sales. A building, though, is usually a non-variable asset.
- Accounts payable is usually a variable liability because it too, varies with sales. A long-term debt, however, is a non-variable liability because additional sales don't affect it; its principal and interest payments remain constant over the life of the loan.
- Note: Your Total Assets should
equal your combined Total Liabilities & Net Worth.
4. Click Next, or click on the Gap Calculator tab.
| ©
Copyright 2001, Business Resource Services, Inc. All rights reserved |
|
