Simple Accounting Worksheet For Midwives Page 10

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Instructions: Simple Accounting Worksheet
Financial statements can be prepared based on the Simple Accounting
Worksheet
Below you can see how to prepare these financial statements from information in
Lourdes’ worksheet.
Look at Lourdes’ Income Statement below. See if you can see where each of the
numbers came from on the Simple Accounting Worksheet.
Do the same for the Balance Sheet and Cash Flow.
Important note on the Balance Sheet and Cash Flow Statements
When you create your own balance sheet using the Simple Accounting
Worksheet, be sure to add carry-over items from previous periods. For example,
if you purchased a facility last year, the value should still be on your balance
sheet even though it isn’t recorded in this month’s Simple Accounting Worksheet.
The same would go for debts that have been incurred or are owed to you from
previous periods.
With the Cash Flow Statement, be sure to enter in the starting balance of cash,
which would be what was left at the end of the previous period, and wouldn’t be
on the Simple Accounting Worksheet for the current period.

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