Balance Sheet (Projected) Template
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1Balance Sheet (Projected)
Enter your Company Name here
Beginning
Projected
as of mm/dd/yyyy
as of mm/dd/yyyy
Assets
Current Assets
Cash in bank
$
-
$
-
Accounts receivable
-
-
Inventory
-
-
Prepaid expenses
-
-
Other current assets
-
-
Total Current Assets
$
-
$
-
Fixed Assets
Machinery & equipment
$
-
$
-
Furniture & fixtures
-
-
Leasehold improvements
-
-
Land & buildings
-
-
Other fixed assets
-
-
(LESS accumulated
-
-
Total Fixed Assets (net of
$
-
$
-
Other Assets
Intangibles
$
-
$
-
Deposits
-
-
Goodwill
-
-
Other
-
-
$
-
$
-
Total Other Assets
$
-
$
-
TOTAL Assets
Liabilities and Equity
Current Liabilities
Accounts payable
$
-
$
-
Interest payable
-
-
Taxes payable
-
-
Notes, short-term (due within 12
-
-
Current part, long-term debt
-
-
Other current liabilities
-
-
$
-
$
-
Total Current Liabilities
Long-term Debt
Bank loans payable
$
-
$
-
Notes payable to stockholders
-
-
LESS: Short-term portion
-
-
Other long term debt
-
-
Total Long-term Debt
$
-
$
-
Total Liabilities
$
-
$
-
Owners' Equity
Invested capital
$
-
$
-
Retained earnings - beginning
-
-
Retained earnings - current
-
-
Total Owners' Equity
$
-
$
-
Total Liabilities & Equity
$
-
$
-
Notes on Preparation
You may want to print this information to use as reference later. To delete these
instructions, click the border of this text box and then press the DELETE key.
Projecting your balance sheet can be quite a complex accounting problem, but that does not mean
you need to be a professional accountant to do it or to benefit from the exercise. The desired result
is not a perfect forecast, but rather a thoughtful plan detailing what additional resources will be
needed by the company, where they will be needed, and how they will be financed. Using your last
historical balance sheet as a starting point, project what your balance sheet will look like at the end
of the 12 month period covered in your Profit & Loss and Cash Flow forecasts. How will the year's
operations affect assets, debts and owners’ equity? For example, if you are planning significant
sales growth in the coming year, go through the balance sheet item by item and think about the
probably effects of assets.
Ex. ASSETS: Inventory and Accounts Receivable will have to grow. New equipment
may be needed for increased production. You may draw down on cash to finance some of this.
Now, since a balance must balance, you need to consider the effects on the other half of the
statement, liabilities and equity.
Ex. LIABILITIES & EQUITY: Some of the growth may be financed by profits retained in the
business as Retained Earnings. Your Profit & Loss Projection will tell you how much might be
available from that source. Funds may be contributed by the owners through contributions of more
Invested Capital or loans to the company (Notes Payable to Stockholders). Suppliers may provide
some of the financing via increased Accounts Payable. The rest will have to be financed by
borrowing, which can be: Short term loans (due within 12 months) such as a line of credit or by
Long Term Debt (maturity greater than 12 months).
Technical Tips:
1. Your firm's balance sheet no doubt has more lines than this template. For clarity and ease of
analysis, we recommend you combine categories to fit into this compressed format.
2. As always for projections, we recommend that you condense your numbers. Most people find it
useful to express the values in thousands, rounding to the nearest hundred dollars; for example,
$11,459 would be entered as 11.5.
3. In the Fixed Assets section, the "LESS accumulated depreciation"
figure is the total of all depreciation accrued over the years on all fixed assets still owned by the
company. Be sure to enter it as a negative number so the spreadsheet will subtract it from Total
Fixed Assets.
4. In Owners' Equity, "Retained Earnings-Beginning" is retained earnings as of the last historical
balance sheet or the end of the last fiscal year. "Retained Earnings-Current" is net profit for the
period of the projections, less any owner's draw (for partnerships and proprietorships) or dividends
paid (for corporations).
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Parent category: Business