finance-balance-sheet

> **Templates and analytical tools only - not personalized financial, tax, accounting, or legal advice.** Balance-sheet line classification, owner-equity sectioning, and basis (GAAP vs tax-basis vs cash-basis) materially change figures and how lenders / investors / IRS read them. Review with a CPA before sharing externally. # Finance - Balance Sheet Generate a Balance Sheet (Statement of Financial Position) as of a single date. Lenders, M&A buyers, and reasonable-salary defenses all require a B/S. ## Required inputs - **As-of date** (end-of-period snapshot) - **Jurisdiction** (US default; UK / EU / CA / AU / other use locally accepted formats - IFRS or local GAAP) - **Reporting basis**: **GAAP**, **tax basis**, **cash basis**, or **modified cash** - REQUIRED. Same business produces different B/S under each basis. - **Entity type**: sole proprietor, partnership, single-member LLC, multi-member LLC, S-corp, C-corp - equity section structure differs. - **Asset and liability balances** (see structure below) - **Owner contribution / draw / distribution history** for the period (impacts equity section) - **Prior-period comparison** (optional but recommended for variance flags) ## Reporting-basis distinction (CRITICAL) | Basis | Revenue / AR | Expense / AP | Inventory | Long-lived assets | |---|---|---|---|---| | **GAAP (accrual)** | AR recognized when earned | AP when incurred | At lower of cost or market; ASC 330 | Capitalized + depreciated; ASC 360 | | **Tax basis** | Per I...