tb – a complete trial balance for each annual period should be included on this sheet and each account in the trial balance should be linked to the appropriate financial statement reporting class by entering or copying the class code into column b. the amounts that are included on the financial statements are automatically updated based on the classes specified on this sheet. the year-end month is used to determine the appropriate year-end date and previous year-end date which are included in a number of notes to the financial statements. these reporting classes need to be linked to each account in the trial balance and are included in column a on the afs sheet next to the line items which are calculated based on the respective reporting classes. the default reporting class which is used for each income statement and balance sheet item included on the trial balance are based on the same reporting classes that we use in our other accounting templates. you also need to add the new reporting class to the afs sheet to ensure that the appropriate amounts are included in your financial statements. a complete trial balance should be included on the tb sheet for each annual reporting period which needs to be included in the financial statements. if you follow the second approach, each account in your trial balance needs to be linked to one of the financial statement reporting classes listed on the classes sheet. when compiling financial statements for an existing business, you need to include the trial balances of at least the last two financial years on the tb sheet but you will also need to include the balance sheet balances of a third year so that the cash flow calculations in the financial statements are accurate. these values therefore need to be entered for each financial period included in the financial statements and for which a trial balance is therefore included on the tb sheet. the items that are listed in this section all relate to specific trial balance reporting classes which have been included on the classes sheet. the items included in this section of the fininfo sheet are typically included in one account on the trial balance but are required to be separated into multiple line items for financial statement purposes. this section of the fininfo sheet provides for items which are included with other items in trial balance accounts but need to be disclosed separately on the financial statements. all the amounts which are included in the financial statements are calculated from the trial balance included on the tb sheet and the additional financial information included on the fininfo sheet based on the reporting class codes included in column a on the afs sheet.
after linking your trial balance to the reporting class codes on the tb sheet and entering all the required values on the fininfo sheet, we recommend that you review the standard financial statements on the afs sheet. the full set of financial statements which are compiled with this template are included on the afs sheet and you therefore only need to print this sheet in order to print your full set of financial statements. the reporting class codes for these calculations are included in column a. note: descriptions of all line items which are linked to the trial balance reporting classes (green or blue text in column a) can be edited on the classes sheet and the descriptions of all the financial information reporting classes (orange and red text) can be edited on the fininfo sheet. most of the amounts which are included on the balance sheet are calculated in the notes to the financial statements. working capital movements are calculated on the balance sheet – note that a balance sheet for 3 financial years is required to calculate these amounts accurately. note: we have included a page heading which consist of the business name and a financial statement notes title in the appropriate rows based on the notes included in the standard financial statements. you then need to add the interest received amounts to the fininfo sheet and use a reporting class which removes the interest received amounts from the account which contains the interest received balance in order to reflect it separately on the financial statements. the cost of sales amount is calculated in the income statement but all the other items are calculated based on the reporting codes which have been included in column a. the profit before tax note is unique in that it does not affect the balancing of the financial statements and is not linked to the income statement in any way. each of these categories is included in a separate row and linked to a separate class code in column a. the line items also have separate accounts in the trial balance which are linked to these reporting classes and the description of each line item is included based on the descriptions which are included on the classes sheet. opening and closing balances are calculated based on trial balance values and the disposals and impairment values need to be included on the fininfo sheet. if short term loans are included in separate trial balance accounts, you can simply link the appropriate trial balance accounts to a unique code and include this code in column a on the afs sheet. note: if the operating lease payments for the current and prior years are included in a single account on the trial balance, you can also enter this class in column a in order to populate these values and it will therefore not be necessary to enter these values on the fininfo sheet. this note includes related party and remuneration amounts which are based on the reporting classes in column a and the values which are entered for these classes on the fininfo sheet. if your balance sheet or cash flow statement does not balance, complete the following steps in order to resolve the imbalances.
now you can use ms excel to do final accounts and create financial statements like income statements, balance sheet, cash flow statement and more. click the link to visit the page to find the detail description about each template and understand how each template has been prepared. profit and loss account template is a ready-to-use template in excel, google sheet, and openoffice calc that helps you prepare your income statement within minutes. cash flow statement is a ready-to-use template in excel, google sheet, and openoffice to prepare a detailed cash flow of the company for a specific period.
bank reconciliation statement is a ready-to-use template in excel, google sheet, and openoffice calc to identify the difference between checking account and bank book. and the template will automatically display the difference. trial balance template is a ready-to-use template in excel, google sheets, and openoffice calc that enables you to make the statement of all closing balances of ledger accounts on a certain date. this template helps you easily prepare trial balance and find the difference. this template can be helpful to accounts assistants, accountants, and auditors, etc.
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