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Business Plan Tool - Balance Sheet

by michelle.althiser, Window Shopper

  • Created: February 24, 2013, 10:23 pm
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2 comments
I've taken Accounting and Finance courses, but I cannot for the life of me get the Balance Sheet in the online Business Plan builder tool to work. It states that I would use the Balance Sheet to project balances for my FIRST YEAR using the numbers from my Cash Flow and Profit/Loss sheets, but ALSO says I need that my cash on hand should balance to the YEAR # amounts from my Cash Flow sheet. Huh??? How can my FIRST YEAR use my THIRD YEAR numbers???? Anyone know if I'm completely losing my mind and missing the obvious? Michelle
Tags: Discuss Popular Topics, Starting & Registering a Business
‹ Financial Projection Hello ›

Shakerra023 | Window Shopper | 3/1/2013 - 12:02 pm

Hi Michelle, I have also taken accountant classes and I am having problems as
well. If I figure it out I will let you know.
shakerra washington

JGabriel | Community Moderator | 2/26/2013 - 11:12 am

Hi Michelle, This is just one of the suggestions; the Balance Sheet isn’t actually set for one year. You can enter any amount of time in the Start Date and End Date fields on the Balance Sheet. This validation was recommended because the Balance Sheet usually displays information up to three years and is a standard validation for business plans. Hope this helps!