Sample Xero Balance Sheet
Balance Sheet
As at 31 December 2017
31 Dec 2017
31 Dec 2016
Cash and Cash Equivalents
Checking 3748
42,114
18,664
Savings 0565 - Tax Savings
59,100
4,614
Savings 1849 - COGS Savings
43,929
355
Savings 1856 - 401k
66,494
321
1,553
7,353
213,191
31,306
133,375
60,200
Assets
Savings 1864 - Emergency
Total Cash and Cash Equivalents
Current Assets
Inventory
Petty Cash
Total Current Assets
Property, Plant and Equipment
Computer Equipment
Less Accumulated Depreciation on Computer Equipment
Furniture and Fixtures
2,839
2,739
136,214
62,939
12,356
4,676
(1,826)
(1,482)
20,426
19,393
(12,338)
(12,338)
Leasehold Improvement
12,032
12,032
Less Accumulated Depreciation Leasehold Improvements
(1,293)
(856)
Less Accumulated Depreciation on Furniture and Fixtures
Salon Equipment
Less Accumulated Depreciation on Salon Equipment
Sound Equipment
Less Accumulated Depreciation on Sound Equipment
Office Furniture and Equipment
Office Equipment
299,064
279,464
(135,267)
(114,778)
3,840
3,840
(2,644)
(2,220)
1,743
1,743
Less Accumulated Depreciation on Office Equipment
(3,365)
(3,325)
Total Office Furniture and Equipment
(1,622)
(1,582)
192,727
186,148
542,132
280,393
Total Property, Plant and Equipment
Total Assets
Liabilities and Equity
Liabilities
Current Liabilities
Capital One
Total Current Liabilities
31,333
10,109
31,333
10,109
Non-Current Liabilities
Balance Sheet |
| 2 February 2018
Page 1 of 2
Balance Sheet
31 Dec 2017
-
Loans Payable
31 Dec 2016
20,000
Loans Payable -
-
80,000
Total Non-Current Liabilities
-
100,000
Total Liabilities
31,333
110,109
Equity
Current Year Earnings
561,585
229,294
Owners Contribution
Owners Draw
554
554
(269,128)
(48,058)
Retained Earnings
217,788
(11,506)
Total Equity
510,799
170,284
542,132
280,393
Total Liabilities and Equity
Balance Sheet
| 2 February 2018
Page 2 of 2