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Financial Analysis
Analysis Template
Template
About
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Excel Skills | Financial Analysis Template
Instructions
www.excel-skills.com

This template enables users to compare financial results for 3 annual periods. The user is required to add the appropriate
annual trial balances to the template and to link each account on the trial balance to a pre-defined financial statement On
Onthis
thissheet:
sheet:
reporting class. The template produces automated financial reports consisting of an income statement, cash flow This
statement and balance sheet based on the linked trial balances and compares all amounts on the financial reports
This sheet
sheet includes
includes detailed
detailed instructions
instructions
on
on setting
setting up
up and
and using
using this
this template.
template.
between annual periods in terms of the difference in value and percentage.

The following sheets are included in the template:

Set-up - enter your business name, select the year-end month and enter the reporting period. The business name is used
as a heading on all the sheets and the reporting period selections are used to determine the annual periods that need to
be included on the financial reports.

Classes - this sheet contains all the pre-defined reporting classes that should be used to link the trial balance accounts on
the TB sheet to the calculations on the income statement, cash flow statement and balance sheet. The classes on this
sheet are provided in order to simplify the linking of accounts and are not linked to any of the other sheets. Changes that This
This isis the
the only
only
are made to the pre-defined classes on this sheet will therefore have no effect on the template calculations. protected
protected sheet
sheet in
in the
the
full
full version of the
version of the
TB - a complete trial balance for each annual period should be included on this sheet and each account in the trial template!
balance should be linked to the appropriate financial statement reporting class by entering or copying the appropriate
template!
class code into column A. The amounts that are included on the financial reports are automatically updated based on the
classes that are specified on this sheet.
IS - this sheet contains an income statement which is automatically calculated based on the reporting classes that have
been linked to the accounts on the TB sheet. No user input is required on this sheet but you can customize the report if
necessary. The annual periods for which the income statement is compiled is determined based on the annual reporting
period which is specified on the Set-up sheet.
CFS - this sheet contains a cash flow statement which is automatically calculated based on the reporting classes that have
been linked to the accounts on the TB sheet. No user input is required on this sheet but you can customize the report if
necessary. The annual periods for which the cash flow statement is compiled is determined based on the annual reporting
period which is specified on the Set-up sheet.
BS - this sheet contains a balance sheet which is automatically calculated based on the reporting classes that have been
linked to the accounts on the TB sheet. No user input is required on this sheet but you can customize the report if
necessary. The annual periods for which the balance sheet is compiled is determined based on the annual reporting
period which is specified on the Set-up sheet.
TBCheck - when you copy a trial balance from another Excel file into this template, it is important to ensure that the
account numbers on the source worksheet are the same as the account numbers on the target trial balance worksheet.
We have therefore included this sheet to enable users to check whether their account number sequence is consistent with
the TB sheet before copying the trial balance amounts into this template.

Set-up

The input cells that contain a yellow cell background on the Set-up sheet need to be completed in order to include your
business name as a heading on all the appropriate sheets and to specify the appropriate reporting periods for which the
financial reports need to be compiled. The cell with a light blue cell background contains a formula which should not be
replaced!

The appropriate year end month needs to be selected in cell B6. The year end month that is selected in this cell
determines the date that is included in the headings on the income statement, cash flow statement and balance sheet
reports.

The financial year for which the financial reports are compiled needs to be specified in cell B8. This year will be used as
the current financial year and be compared to the two years preceding it on the financial reports. If you change the year
that is specified in this cell, the income statement, cash flow statement and balance sheet will be updated automatically.

The year end date in cell B10 is determined based on the year end period and the reporting year in cells B6 & B8 and is
only used in the heading at the top of the income statement, cash flow statement and balance sheet.

Note: If any of the user input cells on the Set-up sheet are not completed or if the data that is entered is invalid, the cell
background of the appropriate cell will be highlighted in red. A red cell background therefore indicates that you should
replace the data in the appropriate cell with valid input.

Page 3 of 19
Excel Skills | Financial Analysis Template
Instructions
www.excel-skills.com

Default Reporting Classes

On
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The default reporting classes on which the financial reports in this template are based have been included on the Classes This
This sheet
sheet includes
includes detailed
detailed instructions
instructions
sheet. These reporting class codes and descriptions have been provided for information purposes only and are not linked on
on setting
setting up
up and
and using
using this
this template.
template.
to any of the other sheets. We have only included this list of reporting classes in order to make it easier to understand to
which income statement and balance sheet categories the default reporting classes that are used in this template refers
to.

When users initially link each trial balance account to a reporting class on the TB sheet, users should therefore refer to the
Classes sheet in order to determine which reporting class code relates to which income statement or balance sheet
category.

Trial Balance

A complete trial balance should be copied or entered on the TB sheet for each annual reporting period that needs to be
included in the financial reports. All the account numbers and account descriptions that form part of the trial balance need
to be copied or entered into column B and C on the TB sheet and the appropriate account balances need to be entered
into the columns from column D onwards.

Each account then needs to be linked to one of the pre-defined financial statement reporting classes that are listed on the
Classes sheet. The template will contain default data on the TB sheet when you use it for the first time but you can replace
all the account numbers and descriptions with your own and clear all the class codes in column A before you commence
with the exercise of linking your accounts to the appropriate pre-defined financial statement reporting classes.

After clearing all the class codes from column A, you need to refer to the Classes sheet in order to determine which
accounts need to be linked to which financial statement reporting classes. Note that you do not need to use all the default
classes if they are not required but it is imperative that each account is linked to a class. After completing the linking
exercise, there should therefore be no blank values in column A.

Note: We have included conditional formatting in column A in order to highlight all the cells that have not been linked to
one of the pre-defined reporting classes in red. If you therefore notice that a cell has been highlighted in red, it either
means that the account is not linked to a class at all or that the account is not linked to a valid class. After correcting the
input in column A, the red highlighting will be removed automatically.

Note: All the accounts that are included in your trial balance should be entered in a continuous cell range on the TB sheet
- there should not be any blank rows or columns in between account numbers or financial periods otherwise all the
accounts or periods may not be included in the financial statement calculations and your balance sheet may therefore not
balance!

We have also included totals above the column headings which will indicate if the sum of the account balances for any
annual period does not equal nil. If the total of all the account balances in a trial balance does not equal nil, it means that
the financial statements will not be accurate and that the balance sheet will probably not balance. You should therefore
always ensure that the trial balance for each annual period adds up to a nil value.

The template has been designed to compare the financial results for 3 annual periods and you therefore need to add trial
balances for at least 3 annual periods to the TB sheet. The cash flow statement data for the 3rd annual period will
however not be correct if only 3 annual periods are included and it is therefore recommended to add balance sheets for at
least 4 annual periods to the TB sheet.

Example: If the financial reports are to be compiled from the 2017 financial year and this year is specified on the Set-up
sheet, trial balances for 2017, 2016 and 2015 should be added to the TB sheet. The cash flow statement for the 2015
financial period will however not be accurate if the 2014 balance sheet is not also added as a trial balance on the TB
sheet. If you therefore want to see accurate reports for 3 annual periods, we recommend that you also add the 4th
financial period to the TB sheet.

Page 4 of 19
Excel Skills | Financial Analysis Template
Instructions
www.excel-skills.com

The TB sheet contains five financial years by default and in most instances, these financial years will represent the
financial periods that the user requires. If you are however performing an analysis of previous periods, you may need to On
Onthis
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sheet:
change the financial year headings on the TB sheet. The automated income statement, cash flow statement and balance This
sheet will automatically pick up the appropriate trial balance amounts based on the year headings that you specify on the
This sheet
sheet includes
includes detailed
detailed instructions
instructions
on
on setting
setting up
up and
and using
using this
this template.
template.
TB sheet.

Adding new reporting classes

If you require additional lines to be included on the income statement, cash flow statement or balance sheet, you may
need to create additional reporting codes as main income statement or balance sheet categories or as sub codes below
the existing reporting class codes.

If the account category that you want to create forms part of the income statement or balance sheet and it is not provided
for on the Classes sheet, you can create a new reporting class code and link it to the appropriate accounts on the TB
sheet. All new income statement codes should however start with "I-" and all new balance sheet codes should start with
"B-". You should also ensure that the new code that you create does not clash with any of the existing reporting class
codes.

Example: If we want to create a new reporting class code for short term loans, we would assign a code of "B-SLOANS" to
this balance sheet category. The new code does not clash with any of the existing reporting class codes because there is
no shorter class code which contains essentially the same characters. A new code of "B-LOANSH" will however clash with
the long term loans reporting class ("B-LOAN") because the first 6 characters are the same (reporting classes which clash
may lead to inaccuracies in the template calculations). We therefore recommend that you ensure that at least the first four
characters of a new reporting class are unique when compared to the default reporting classes.

Note: New reporting classes are essentially created when the appropriate classes are entered in column A on the TB
sheet thereby linking the new code to the appropriate account number. It is not required to add the new reporting class to
the Classes sheet but it may be a good idea to do so if you want other users to be able to easily understand to which
income statement or balance sheet category each reporting class refers to.

An unlimited number of new reporting class sub codes can also be created by simply linking the relevant accounts to the
appropriate sub code. In terms of the standard template design, new sub codes may be required in order to increase the
number of individual expense accounts which are included on the income statement or to add an additional line item to the
cash flow statement.

Example: The standard template provides for 22 individual expense accounts on the income statement which have been
linked to 22 sub reporting classes - 20 accounts which have been linked to the "I-ADM" income statement class, 1 account
which has been linked to the "I-ADV" income statement class and 1 account which has been linked to the "I-OTX" income
statement class. These sub codes have been created by simply adding a two digit number to the main reporting class
code and the individual sub codes have then been included in column A on the IS sheet (which contains the income
statement). We can therefore add 10 additional expense accounts to the income statement by simply linking sub codes "I-
ADM21" to "I-ADM30" to the appropriate accounts on the TB sheet, inserting 10 new rows on the income statement,
entering the new sub codes in column A and copying the formulas in all the other columns from one of the existing
expense account rows.

Example: If we wanted to add an additional line item to the cash flow statement, the same principle would essentially be
followed but the sub code that we would create would not necessarily be included as an individual item on the income
statement. If we wanted to add back a profit on a revaluation which has been included in the "Other income" income
statement category (with a main class code of "I-REVO"), we can simply link the appropriate account on the TB sheet to a
sub class of "I-REVO10", insert the appropriate new row on the cash flow statement, enter the new sub code in column A
and copy the formulas from one of the existing rows for a similar item. The individual account balance will then be included
on the cash flow statement but the account will still form part of the Other Income line on the income statement.

Page 5 of 19
Excel Skills | Financial Analysis Template
Instructions
www.excel-skills.com

Adding new financial periods

On
Onthis
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sheet:
After using the template to compile your first set of financial reports, you can add subsequent financial periods by simply This
This sheet
sheet includes
includes detailed
detailed instructions
instructions
copying the last column on the TB sheet to the next available column, changing the column heading to the next financial on
on setting
setting up
up and
and using
using this
this template.
template.
year and clearing all the account balances in the new column (we recommend replacing the existing values with nil values
before entering or copying the appropriate account balances into the new column).

Note: All the trial balance data on the TB sheet should form part of a continuous cell range and you should therefore not
include any blank rows or columns between rows or columns that contain data otherwise the template calculations will not
be accurate.

Trial balance check & import

If you use a trail balance export file in order to compile your financial reports, the trial balance export will have to be
converted so that the account numbers are in the exact same sequence as the accounts on the TB sheet before you will
be able to copy the balances onto the TB sheet. This is an absolute necessity in order to ensure that the correct account
balances are included next to the correct account number.

New accounts may also have been added during the current financial period which may not be included in the previous
trial balance on the TB sheet. These accounts therefore need to be identified and inserted in the correct row position
before the account balances can be copied. This could be quite a time consuming exercise and we have therefore created
the TBCheck sheet to assist users in simplifying this exercise.

The following steps need to be completed in order to ensure that the trial balance for the new financial period is correctly
included on the TB sheet:
Sort the data on the TB sheet in an ascending order based on the account number in column B.
Sort the data on the trial balance export file in an ascending order based on the account number column.
Copy the account number, account description and account balance from the export file and paste the data into column
A to C on the TBCheck sheet (replace the existing data on this sheet).
Copy cells D5 and E5 and paste these cells into all the rows in column D and E that contain account numbers. Note that
these two cells contain formulas and formatting that will assist you in identifying new accounts or changes that need to be
made to the sequence of the accounts in the export file.
Review the contents in column D - a row that contains a light blue "ok" cell is in the correct sequence but if an "error" is
displayed in orange, it means that the sequence of accounts on the TBCheck sheet is not the same as the accounts on
the TB sheet.
Compare the contents of all the rows that contain errors by comparing the account sequence on the TBCheck sheet with
the account sequence on the TB sheet.
Where an account is included on the TBCheck sheet but not on the TB sheet, insert a new row on the TB sheet, copy
the account number and description into column B and C and enter a nil value into all the columns that relate to previous
financial years. After completing these steps, the error in the particular row will automatically be removed from the
TBCheck sheet.
Where an account is included on the TB sheet but not on the TBCheck sheet, insert a new row on the TBCheck sheet,
copy the account number & description from the TB sheet and copy the formulas in column D and E from one of the
existing rows. Column D should now contain a light blue "ok" message.
Repeat the previous two steps until the TBCheck sheet contains no errors.
Ensure that the total of the amounts in column E on the TBCheck sheet is nil - the total calculation is included in the row
above the column headings. If the total is not nil, the difference will be reflected in red in the cell above the column
headings with an "error" message next to it. Note that the difference may be attributable to rounding which is covered in
the next section of these instructions.
If the column E total is not nil and the difference cannot be attributable to rounding, review your trial balance export and
make sure that the total of the export file is in fact nil. Also review the TBCheck sheet and ensure that all the accounts on
the trial balance export have been added to this sheet.
Rounding errors can be corrected by amending the trial balance amounts of selected accounts in column C. When the
red cell background is removed from the total calculation and the "error" text is replaced by an "ok" message, it means that
the trial balance has been corrected.
The amounts in column E can now be copied and pasted as values into the appropriate column (for the new period) on
the TB sheet. After completing this step, the trial balance has successfully been added to the template.

Page 6 of 19
Excel Skills | Financial Analysis Template
Instructions
www.excel-skills.com

Rounding in financial statements

On
Onthis
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sheet:
Rounding can have a significant impact on financial reports because the amounts that are displayed on the financial This
reports may not always add up to the totals that are displayed. Even the most insignificant of errors could result in financial
This sheet
sheet includes
includes detailed
detailed instructions
instructions
on
on setting
setting up
up and
and using
using this
this template.
template.
reports appearing to be inaccurate.

Checking all the calculations in financial reports and making the appropriate adjustments could be quite a time consuming
and cumbersome approach and we therefore recommend making the required adjustments on a trial balance level
instead. This approach will ensure that the calculations that are included in the financial reports are always accurate.

The problem with rounding in financial reporting terms is that a trial balance typically includes two decimal values while
financial reports are typically compiled to the nearest integer value. When two amounts that contain decimal values are
rounded and added, the result is not necessarily the same as the rounded value of the total but if the decimal values are
rounded to the nearest integer value and then added together, the total that is calculated is guaranteed to be accurate.

This approach is followed in the calculations in column E on the TBCheck sheet in that the trial balance amounts in
column C are rounded to the nearest integer value in column E. If you therefore use the TBCheck sheet to round all the
amounts on the trial balance to the nearest integer values before correcting any rounding differences that may exist and
copying & pasting the values onto the TB sheet, your financial reports are guaranteed to be accurate. We therefore
recommend always using the TBCheck sheet before including the appropriate trial balance amounts for a new financial
period on the TB sheet.

Income Statement

The income statement on the IS sheet is automatically compiled based on the trial balances that are included on the TB
sheet. The first reporting period is determined based on the reporting year that is specified on the Set-up sheet. Aside from
amendments to the default line items that are included on the income statement, the sheet requires no user input.

The calculated amounts for each individual line item on the income statement are based on the reporting classes that
have been entered in column A. Most of these line items are based on main reporting classes but we have provided for
sub classes to be included in the Expenses section in order to include expense items individually on the income
statement.

Expense Accounts

The standard template provides for 22 individual expense accounts to be included on the income statement. All of the
appropriate expense accounts have therefore been linked to 22 sub reporting classes on the TB sheet - 20 accounts have
been linked to the "I-ADM" income statement class, 1 account has been linked to the "I-ADV" income statement class and
1 account has been linked to the "I-OTX" income statement class.

These sub codes have been created by simply adding a two digit number to the main income statement reporting class
codes (as per the Classes sheet). As with all the other income statement calculations, the line items on the income
statement are calculated based on the reporting class code in column A. The formulas in each line in the expenses section
of the income statement are therefore exactly the same - it is only the code in column A which differs from line to line.

When you initially start using the template, you can link the expense accounts that you want to include individually on the
income statement to these pre-defined sub classes or you can create your own expense reporting classes by linking the
appropriate accounts on the TB sheet to your class codes and then entering the appropriate class codes in column A on
the IS sheet.

Note: It should not be too complex to change the format of the reporting classes in the expenses section of the income
statement but we don't recommend changing the default reporting codes for the other income statement and balance
sheet categories because this may result in inaccurate template calculations!

Page 7 of 19
Excel Skills | Financial Analysis Template
Instructions
www.excel-skills.com

You can add an unlimited number of additional expense accounts to the income statement quite easily - simply insert the On
Onthis
thissheet:
sheet:
appropriate number of additional rows, enter a new reporting class sub code in column A, link the new reporting class to This
This sheet
sheet includes
includes detailed
detailed instructions
instructions
the appropriate expense account on the TB sheet and copy the formulas in columns B to J from one of the other rows in on
on setting
setting up
up and
and using
using this
this template.
template.
the expenses section. All the income statement calculations will be updated automatically and the description of the
expense will be updated based on the expense account description which has been included on the TB sheet.

Note: If you don't require all 22 expense line items which have been included in the standard template, you can delete the
items that you do not require by simply deleting the appropriate rows on the IS sheet.

Cash Flow Statement

The cash flow statement on the CFS sheet has been designed on the same basis as the income statement on the IS
sheet. The cash flow statement is automatically compiled based on the trial balances that are included on the TB sheet.
The first reporting period is determined based on the reporting year that is specified on the Set-up sheet. Aside from
amendments to the default line items that are included on the cash flow statement, the sheet requires no user input.

If you want to remove a line from the cash flow statement, we strongly recommend that you hide the appropriate line
instead of deleting it. If you delete cells which are used in some of the other cash flow statement calculations, you may
encounter a calculation error in some of the other rows on the report.

You can also add lines to the cash flow statement by simply inserting a new row, entering the appropriate reporting code
on which the calculation should be based in column A and copying the formulas from one of the other similar lines on the
cash flow statement.

Example: If we wanted to add another non-cash expense line to the cash flow statement, we would insert a new row below
the amortisation expense in row 13, enter the reporting class to which the new non-cash expense account has been linked
on the TB sheet in column A, enter a description for the non-cash transaction in column B and copy the formulas in row 13
into the new blank row (for columns C to J).

New cash flow statement items need to be added to the CFS sheet by using a reporting class sub code which is
consistent with the code that has been used to add the appropriate item to the income statement or balance sheet. This
will ensure that the appropriate item is also updated on the income statement or balance sheet. You may also need to the
review the reporting codes of the items which form part of the cash flow statement in the standard template in order to
ensure that the correct reporting class codes have been specified in column A.

Example: If the depreciation account has been linked to a different reporting class sub code on the income statement, the
default reporting class code in the depreciation line of the cash flow statement will need to be amended. If an additional
other income item needs to be added to the cash flow statement, a sub code under the "I-REVO" reporting class needs to
be created for this purpose, for example "I-REVO08". If the sub code which is created is not already included on the
income statement, your balance sheet will probably not balance.

We have included a control total at the bottom of the CFS sheet in order to check whether the cash balance at the end of
the financial period agrees to the cash balance on the balance sheet. If the control total in row 45 does not agree to the
closing balance at the end of the period, the appropriate closing balance will be highlighted in red. The highlighting will
only be removed once the imbalance has been rectified.

Balance Sheet

The balance sheet on the BS sheet has been designed on the same basis as the income statement on the IS sheet. The
balance sheet is automatically compiled based on the trial balances that are included on the TB sheet. The first reporting
period is determined based on the reporting year that is specified on the Set-up sheet. Aside from amendments to the
default line items that are included on the balance sheet, the sheet requires no user input.

If you want to remove a line from the balance sheet, we strongly recommend that you hide the appropriate line instead of
deleting it. If you delete cells which are used in some of the other balance sheet calculations, you may encounter a
calculation error in some of the other rows or on the cash flow statement.

Page 8 of 19
Excel Skills | Financial Analysis Template
Instructions
www.excel-skills.com

You can also add additional lines to the balance sheet by simply inserting a new row, entering the appropriate reporting
code on which the calculation should be based in column A and copying the formulas from one of the other similar lines on
On
Onthis
thissheet:
sheet:
the balance sheet.
This
This sheet
sheet includes
includes detailed
detailed instructions
instructions
on
on setting
setting up
up and
and using
using this
this template.
template.

Example: If we wanted to add another current liability line to the balance sheet, we would insert a new row at the
appropriate location in the current liabilities section of the balance sheet, enter the reporting class to which the new current
liability category has been linked on the TB sheet in column A, enter a description for the current liability in column B and
copy the formulas from one of the other current liability categories into the new blank row (for columns C to J).

Note: It is imperative that the new reporting class that is used for the new line on the balance sheet does not clash with
any of the default reporting classes. Refer to the Trial Balance section of these instructions for more information about the
calculation errors that may be encountered when reporting classes clash.

We have added conditional formatting to the rows that contain the total assets and total equity & liabilities calculations in
order to highlight the appropriate cells in red if the balance sheet does not balance. Refer to the Troubleshooting section of
these instructions for information on the cause of balance sheet imbalances. Once all the errors are fixed, the red
highlighting will be removed automatically.

Roll Forward

The template can easily be rolled forward to include a new financial year by simply adding the trial balance for the
appropriate financial year to the TB sheet and changing the year that is selected on the Set-up sheet to the new year. All
the calculations on the income statement, cash flow statement and balance sheet will be updated automatically to include
the new financial year and the two years before it.

Adding Financial Periods

The template has been designed to incorporate 3 financial years in the default design. The formulas have however been
designed in such a way that it is relatively easy to add additional financial years to the template.

Additional financial years can basically be added by copying the data in columns H to J on the income statement, cash
flow statement and balance sheet and pasting the columns into the same relative position as they are when compared to
the copied columns. This essentially means that one column should be left blank after each copied column range.

Example: You can add a fourth financial year to the template by copying columns H to J on the income statement, cash
flow statement and balance sheet and pasting these copied columns into columns L to N. Note that one column (K) is left
blank.

Example: You can add a fifth financial year to the template by copying columns L to N on the income statement, cash flow
statement and balance sheet and pasting these copied columns into columns P to R. Note that one column (O) is left
blank.

Page 9 of 19
Excel Skills | Financial Analysis Template
Instructions
www.excel-skills.com

Troubleshooting
On
Onthis
thissheet:
sheet:
The following troubleshooting steps need to be completed if any of the balance sheets that are included on the BS sheet This
This sheet
sheet includes
includes detailed
detailed instructions
instructions
are not in balance: on
on setting
setting up
up and
and using
using this
this template.
template.
Check whether the total for the appropriate trial balance is nil (refer to the totals above the column heading row on the
TB sheet for the appropriate financial year).
Check whether there are any cells that are highlighted in red in column A on the TB sheet. If a cell is highlighted in red, it
means that the account has been linked to a reporting class which does not form part of the income statement, cash flow
statement or balance sheet reports. This may therefore mean that the appropriate account has been linked to an invalid
reporting class. All invalid reporting classes need to be amended and there should be no accounts on the TB sheet which
contain red highlighting in column A.
If you encounter a #REF! error anywhere in the template, it means that you've deleted a row which is used in the
formulas that have been included in another row. As we stated earlier on in these instructions, you should rather hide a
row instead of deleting it in order to remove the appropriate row from the financial reports. If you've deleted a row which
you shouldn't have, you may have to revert back to the downloaded copy of the template or contact our support function
for assistance.
If you've added new reporting classes to the template, check whether all of your new reporting classes have been
included on the income statement, cash flow statement and balance sheet reports. All reporting classes that have been
linked to accounts on the TB sheet should be included on the IS, CFS or BS sheets.
Once you have completed the above steps and you still have an imbalance on any of your balance sheets, contact our
Support function for assistance.

Help & Customization

If you experience any difficulty while using this template and you are not able to find the appropriate guidance in these
instructions, please e-mail us at [email protected] for assistance. This template has been designed with flexibility
in mind to ensure that it can be used in most business environments. If however you need an Excel based template that is
customized specifically for your business requirements, please e-mail our Support function and provide a brief explanation
of your requirements.

Copyright

This template remains the intellectual property of www.excel-skills.com and is protected by international copyright laws.
Any publication or distribution of this template outside the scope of the permitted use of the template is expressly
prohibited. In terms of the permitted use of this template, only the distribution of the template to persons within the same
organisation as the registered user or persons outside the organisation who can reasonably be expected to require access
to the template as a direct result of the use of the template by the registered user is allowed. Subsequent distribution of
the template by parties outside of the organisation is however expressly prohibited and represents an infringement of
international copyright laws.

Page 10 of 19
Comparative Financials Template
Set-up
www.excel-skills.com
Business Name ABC Trading (Pty) Limited

Year End Period February

Reporting Year 2017 2017

Year End Date 28 February 2017

January On
On this
this sheet:
sheet:
Enter
Enter your business name and specify the
your business name
February and specify the financial
financial year
year end
end month
month & &
reporting year. The
reporting year. The reporting
reporting year that is specified determines which
March year that is specified determines which
annual
annual periods
periods will
will be
be included
included on
on the
the income
income statement,
statement, cash
cash flow
flow
April
statement and balance
statement and balance sheet.sheet.
May
June
July
August
September
October
November
December

Page 11 of 19
Comparative Financials Template
Default Reporting Classes
www.excel-skills.com
Class Description
Income Statement
I-REVS Sale of goods
I-REVO Other revenue
I-COS Cost of sales
On
Onthis
this sheet:
sheet:
I-DIS Distribution costs This
This sheet
sheet contains
contains allall the
the pre-defined
pre-defined financial
financial statement
statement reporting
reporting classes
classes that
that
I-ADV Advertising & marketing costs should
should bebe used
used to
to link
link the
the accounts
accounts onon the
the trial
trial balance
balance to to the
the calculations
calculations on on the
the
I-ADM Administrative expenses financial
financial reports.
reports. The
The classes
classes areare provided
provided inin order
order to
to simplify
simplify the the linking
linking ofof accounts
accounts
and
and are
are not
not linked
linked to
to the
the financial
financial reports.
reports. Changes
Changes thatthat are
are made
made to to the
the pre-defined
pre-defined
I-OTX Other expenses
classes
classes on
on this
this sheet
sheet will
will therefore
therefore have
have no
no effect
effect onon the
the financial
financial report
report calculations.
calculations.
I-FIN Finance costs
I-TAX Income tax expense
I-DIV Dividends
Balance Sheet - Assets
B-PPE Property, plant & equipment
B-IPA Intangible assets
B-VEST Investments
B-DTAX Deferred tax
B-INV Inventory
B-DEBT Trade debtors
B-DEBP Prepayments
B-CASH Cash on hand
B-BANK Cash at bank
Balance Sheet - Equity
B-SCAP Share capital
B-RET Retained earnings at start of year
Balance Sheet - Liabilities
B-LOAN Long term loans
B-FLEASE Finance leases
B-CREDT Trade payables
B-PROV Provisions
B-INT Interest payable
B-DIV Dividends payable
B-TAX Current tax liability

Page 12 of 19
ABC Trading (Pty) Limited
Trial Balance
www.excel-skills.com - - - - -
Class Acc No Account Description 2014 2015 2016 2017 2018 www.excel-skills.com

B-PPE BS-100 Land & Buildings - Cost 1,400,000.00 1,900,000.00 1,900,000.00 1,950,000.00 -
B-PPE BS-105 Plant & Equipment - Cost 600,000.00 794,677.00 1,102,045.00 1,346,045.00 -
B-PPE BS-110 Furniture & Fittings - Cost 160,000.00 160,000.00 180,000.00 210,000.00 -
B-PPE BS-150 Land & Buildings - Accum Depreciation -330,000.00 -360,000.00 -390,000.00 -420,000.00 -
B-PPE BS-155 Plant & Equipment - Accum Depreciation -136,760.00 -182,675.00 -228,590.00 -278,100.00 -
B-PPE BS-160 Furniture & Fittings - Accum Depreciation -10,000.00 -26,000.00 -42,000.00 -58,000.00 -
B-IPA BS-200 Goodwill - Cost 50,000.00 50,000.00 50,000.00 50,000.00 -
B-IPA BS-205 Trademarks - Cost 27,500.00 27,500.00 27,500.00 39,500.00 -
B-IPA BS-210 Software - Cost 8,500.00 On
8,500.00
On this
this sheet:
sheet: 18,500.00 18,500.00 -
B-IPA BS-250 Goodwill - Accum Amortization A
A complete
complete trial balance
balance for
trial-10,000.00 for each
each annual
annual period
-15,000.00 should
should be
period-20,000.00 be included
included on
on this
-50,000.00 this -
sheet
sheet and
and each
each account
account in
in the
the trial
trial balance
balance should
should bebe linked
linked to
to the
the
B-IPA BS-255 Trademarks - Accum Amortization -2,500.00 -5,000.00 -7,500.00 -11,450.00 -
appropriate
appropriate financial
financial statement
statement reporting
reporting class
class by
by entering
entering oror copying
copying thethe
B-IPA BS-260 Software - Accum Amortization appropriate
appropriate class code-into
class code into column
column-4,250.00
A.
A. The
The amounts-8,950.00
amounts that
that are -13,650.00
are included
included on
on the
the -
B-VEST BS-270 Investments financial
financial reports
reports are
are automatically
67,500.00 updated
updated based
107,500.00
automatically on
on the
132,500.00
based the classes that
that are
142,500.00
classes are -
B-CASH BS-300 Petty Cash 1,295.00 specified
specified on
on this
3,478.00 this sheet.
sheet.
2,075.00 2,700.00 -
B-BANK BS-305 Bank Overdraft - -20,435.00 -115,507.00 -83,600.00 -
B-BANK BS-310 Bank Accounts 142,000.00 15,000.00 33,000.00 47,000.00 -
B-DEBT BS-500 Trade Debtors 482,456.00 679,044.00 728,381.00 928,788.00 -
B-DEBP BS-510 Prepayments 13,200.00 42,190.00 45,478.00 56,760.00 -
B-INV BS-600 Raw Materials 22,500.00 32,892.00 36,450.00 42,600.00 -
B-INV BS-605 Work in progress - 1,800.00 900.00 1,140.00 -
B-INV BS-610 Finished goods 8,650.00 10,358.00 10,570.00 13,640.00 -
B-CREDT BS-700 Trade Creditors -280,547.00 -335,190.00 -348,520.00 -275,030.00 -
B-CREDA BS-705 Accruals -45,635.00 -55,000.00 -67,000.00 -79,500.00 -
B-INT BS-710 Interest Payable -180.00 - -1,200.00 -2,000.00 -
B-TAX BS-715 Taxation Provision -89,420.00 -173,211.00 -190,316.00 -271,647.00 -
B-DIV BS-720 Dividends Payable -40,000.00 -80,000.00 -100,000.00 -150,000.00 -
B-PROV BS-730 Provision for Bonuses -102,400.00 -211,637.00 -214,870.00 -214,823.00 -
B-LOAN BS-800 Long Term Liabilities -150,000.00 -250,000.00 -260,000.00 -250,000.00 -
B-FLEASE BS-810 Finance Leases - -82,931.00 -64,508.00 -44,624.00 -
B-DTAX BS-900 Deferred Tax - 2,155.00 2,912.00 -4,309.00 -
B-SCAP BS-950 Share Capital -30,000.00 -30,000.00 -40,000.00 -45,000.00 -
B-RET BS-990 Retained Earnings - Opening Balance -1,756,159.00 -1,756,159.00 -2,003,765.00 -2,171,350.00 -
I-REVS IS-100 Sales - -4,920,788.00 -5,688,650.00 -6,743,544.00 -
I-REVO IS-105 Royalties - -100,000.00 -120,000.00 -120,000.00 -
I-REVO03 IS-150 Interest Received - -19,846.00 -14,385.00 -22,999.00 -
I-REVO02 IS-155 Dividends Received - -25,000.00 -25,000.00 -27,000.00 -
I-REVO IS-160 Profit on Disposal of Equipment - - - -61,850.00 -
I-COS IS-200 Cost of Sales - 3,936,840.00 4,709,214.00 5,355,770.00 -
I-ADM01 IS-305 Accounting Fees - 7,566.00 7,944.00 8,421.00 -
I-ADV01 IS-310 Advertising & Marketing - 12,295.00 12,910.00 13,684.00 -
I-ADM02 IS-315 Bank Charges - 473.00 497.00 526.00 -
I-ADM03 IS-320 Commission - - - - -
I-ADM04 IS-325 Computer Expenses - 1,119.00 1,175.00 1,246.00 -
I-ADM05 IS-330 Consumables & Cleaning - 303.00 318.00 337.00 -
I-ADM07 IS-335 Entertainment - - - - -
I-ADM08 IS-340 Insurance - 3,058.00 3,211.00 3,404.00 -
I-ADM09 IS-345 Office Expenses - 1,259.00 1,322.00 1,402.00 -
I-ADM10 IS-350 Office Rent - 75,660.00 79,444.00 84,210.00 -
I-ADM11 IS-355 Postage - 79.00 69.00 621.00 -
I-ADM12 IS-360 Professional & Legal Fees - - - - -
I-ADM13 IS-365 Salaries & Wages - 365,200.00 415,000.00 470,000.00 -
I-ADM14 IS-370 Stationery - 1,161.00 1,218.00 1,292.00 -
I-ADM15 IS-375 Subscriptions & Memberships - 1,303.00 1,368.00 1,450.00 -
I-ADM16 IS-380 Telephone & Internet - 10,965.00 11,514.00 12,204.00 -
I-ADM17 IS-385 Training - 532.00 559.00 592.00 -
I-ADM18 IS-390 Travelling & Accommodation - 3,370.00 3,538.00 3,750.00 -
I-ADM19 IS-395 Utilities - - - - -
I-ADM06 IS-400 Depreciation - 91,915.00 91,915.00 95,510.00 -
I-ADM20 IS-405 Amortization - 11,750.00 12,200.00 38,650.00 -
I-FIN IS-500 Interest Paid - 45,390.00 36,712.00 26,366.00 -
I-TAX IS-600 Taxation - 167,290.00 189,559.00 278,868.00 -
I-DIV IS-650 Dividends Paid - 80,000.00 100,000.00 150,000.00 -
I-OTX01 IS-700 Other Expenses - 500.00 763.00 1,000.00 -

Page 13 of 19
ABC Trading (Pty) Limited
Income statement for the period ended 28 February 2017
www.excel-skills.com
2017 2016 Diff Diff% 2015 Diff Diff%
Revenue 6,743,544 5,688,650 1,054,894 18.5% 4,920,788 767,862 15.6%
Cost of sales 5,355,770 4,709,214 (646,556) (13.7%) 3,936,840 (772,374) (19.6%)
Gross profit 1,387,774 979,436 408,338 41.7% 983,948 (4,512) (0.5%)
Gross profit % 20.6% 17.2% (3.4%) 20.0% 20.0%
Other Income 231,849 159,385 72,464 45.5% 144,846 14,539 10.0%
Expenses 738,299 644,965 (93,334) (14.5%) 588,508 (56,457) (9.6%)
Accounting Fees 8,421 7,944 (477) (6.0%) 7,566 (378) (5.0%)
Advertising & Marketing 13,684 12,910 (774) (6.0%) 12,295 (615) (5.0%)
Amortization 38,650 12,200 (26,450)
On
On this (216.8%)
this sheet:
sheet: 11,750 (450) (3.8%)
Bank Charges The
The income
income statement
statement on
526 on this
497 sheet
this sheet is
is automatically
automatically
(29) calculated
calculated
(5.8%) based
based onon the
473reporting
the reporting periods
periods
(24) (5.1%)
Commission that
that are
are specified
specified
- on
on the
the Set-up
Set-up
- sheet
sheet and
and the
the- account
account balances
balances
- on
on the
the TB
TB sheet.
sheet.
- No
No user
user input
input
- -
is
is required
required on
on this
this sheet
sheet but
but you
you can
can customise
customise the
the line
line items
items that
that are
are included
included on
on the
the income
income
Computer Expenses 1,246 1,175 (71) (6.0%) 1,119 (56) (5.0%)
statement
statement by by adding
adding thethe appropriate
appropriate reporting
reporting classes
classes to to the
the TB
TB sheet,
sheet, entering
entering the
the appropriate
appropriate
Consumables & Cleaning 337
classes
classes in column318
in column AA and copying(19)
and copying the
the formulas
formulas (6.0%)
from
from oneone of
of the 303
the existing
existing rows.
rows. (15) (5.0%)
Depreciation 95,510 91,915 (3,595) (3.9%) 91,915 - -
Entertainment - - - - - - -
Insurance 3,404 3,211 (193) (6.0%) 3,058 (153) (5.0%)
Office Expenses 1,402 1,322 (80) (6.1%) 1,259 (63) (5.0%)
Office Rent 84,210 79,444 (4,766) (6.0%) 75,660 (3,784) (5.0%)
Postage 621 69 (552) (800.0%) 79 10 12.7%
Professional & Legal Fees - - - - - - -
Salaries & Wages 470,000 415,000 (55,000) (13.3%) 365,200 (49,800) (13.6%)
Stationery 1,292 1,218 (74) (6.1%) 1,161 (57) (4.9%)
Subscriptions & Memberships 1,450 1,368 (82) (6.0%) 1,303 (65) (5.0%)
Telephone & Internet 12,204 11,514 (690) (6.0%) 10,965 (549) (5.0%)
Training 592 559 (33) (5.9%) 532 (27) (5.1%)
Travelling & Accommodation 3,750 3,538 (212) (6.0%) 3,370 (168) (5.0%)
Utilities - - - - - - -
Other Expenses 1,000 763 (237) (31.1%) 500 (263) (52.6%)
Profit / (Loss) before finance costs 881,324 493,856 387,468 78.5% 540,286 (46,430) (8.6%)
Finance costs 26,366 36,712 10,346 28.2% 45,390 8,678 19.1%
Profit / (Loss) before tax 854,958 457,144 397,814 87.0% 494,896 (37,752) (7.6%)
Income tax expense 278,868 189,559 (89,309) (47.1%) 167,290 (22,269) (13.3%)
Profit / (Loss) for the period 576,090 267,585 308,505 115.3% 327,606 (60,021) (18.3%)
Retained earnings at start of period 2,171,350 2,003,765 167,585 8.4% 1,756,159 247,606 14.1%
Dividends 150,000 100,000 (50,000) (50.0%) 80,000 (20,000) (25.0%)
Retained earnings at end of period 2,597,440 2,171,350 426,090 19.6% 2,003,765 167,585 8.4%

Page 14 of 19
ABC Trading (Pty) Limited
Statement of cash flows for the period ended 28 February 2017
www.excel-skills.com
2017 2016 Diff Diff% 2015 Diff Diff%
Cash flows from operating activities
Profit / (Loss) for the period 576,090 267,585 308,505 115.3% 327,606 (60,021) (18.3%)
- Finance costs 26,366 36,712 (10,346) (28.2%) 45,390 (8,678) (19.1%)
- Income taxes 278,868 189,559 89,309 47.1% 167,290 22,269 13.3%
- Interest Received (22,999) (14,385) (8,614) (59.9%) (19,846) 5,461 27.5%
- Dividends received (27,000) (25,000) (2,000) (8.0%) (25,000) - -
Non-cash income and expenses:
- Depreciation 95,510 91,915 3,595 3.9% 91,915 - -
- Amortisation 38,650 12,200 26,450
On this sheet: 216.8% 11,750 450 3.8%
On this sheet:
- Adjustments to retained earnings The
The cash
cash flow- statement
flow statement onon- this
this sheet
sheet is
is automatically
-
automatically calculated
-
calculated based
based onon- the
the reporting
reporting - -
- Increase / (Decrease) in provisions periods
periods that
that are
(47)are specified on
on the
specified3,233 the Set-up sheet
sheet and
Set-up(3,280) and the
the account
account balances
(101.5%) balances on
on the
109,237the TB
TB sheet.
sheet. No
No
(106,004) (97.0%)
user
user input
input is
is required
required on
on this
this sheet
sheet but
but you
you can
can customise
customise the the line
line items
items that
that are
are included
included onon
Changes in working capital:
the
the cash
cash flow
flow statement
statement by
by adding
adding thethe appropriate
appropriate reporting
reporting classes
classes to to the
the TB
TB sheet,
sheet, entering
entering
- Decrease / (Increase) in receivables the (200,407) (49,337) (151,070) (306.2%) (196,588) 147,251 74.9%
the appropriate
appropriate classes
classes in
in column
column A A and
and copying
copying the
the formulas
formulas from
from oneone of
of the
the existing
existing rows.
rows.
- Decrease / (Increase) in prepayments (11,282) (3,288) (7,994) (243.1%) (28,990) 25,702 88.7%
- Decrease / (Increase) in inventories (9,460) (2,870) (6,590) (229.6%) (13,900) 11,030 79.4%
- Increase / (Decrease) in payables (73,490) 13,330 (86,820) (651.3%) 54,643 (41,313) (75.6%)
- Increase / (Decrease) in accruals 12,500 12,000 500 4.2% 9,365 2,635 28.1%
Cash generated from operations 683,299 531,654 151,645 28.5% 532,872 (1,218) (0.2%)
Interest paid (25,566) (35,512) 9,946 28.0% (45,570) 10,058 22.1%
Income tax paid (190,316) (173,211) (17,105) (9.9%) (85,654) (87,557) (102.2%)
Net cash from operating activities 467,417 322,931 144,486 44.7% 401,648 (78,717) (19.6%)

Cash flows from investing activities

Purchases of property, plant & equipment (324,000) (327,368) 3,368 1.0% (694,677) 367,309 52.9%
Purchases of intangible assets (12,000) (10,000) (2,000) (20.0%) - (10,000) (100.0%)
Purchases of investments (10,000) (25,000) 15,000 60.0% (40,000) 15,000 37.5%
Interest received 22,999 14,385 8,614 59.9% 19,846 (5,461) (27.5%)
Dividends received 27,000 25,000 2,000 8.0% 25,000 - -
Net cash used in investing activities (296,001) (322,983) 26,982 8.4% (689,831) 366,848 53.2%

Cash flows from financing activities

Proceeds from issuance of shares 5,000 10,000 (5,000) (50.0%) - 10,000 (100.0%)
Proceeds / (Repayment) of loans (10,000) 10,000 (20,000) (200.0%) 100,000 (90,000) (90.0%)
Repayment of finance leases (19,884) (18,423) (1,461) (7.9%) 82,931 (101,354) (122.2%)
Dividends paid (100,000) (80,000) (20,000) (25.0%) (40,000) (40,000) (100.0%)
Net cash used in financing activities (124,884) (78,423) (46,461) (59.2%) 142,931 (221,354) (154.9%)

Page 15 of 19
ABC Trading (Pty) Limited
Statement of cash flows for the period ended 28 February 2017
www.excel-skills.com
2017 2016 Diff Diff% 2015 Diff Diff%
Net increase / (decrease) in cash 46,532 (78,475) 125,007 159.3% (145,252) 66,777 46.0%
Cash equivalents at beginning of period (80,432) (1,957) (78,475) (4,010.0%) 143,295 (145,252) (101.4%)
Cash equivalents at end of period (33,900) (80,432) 46,532 57.9% (1,957) (78,475) (4,010.0%)

Page 16 of 19
ABC Trading (Pty) Limited
Balance sheet at 28 February 2017
www.excel-skills.com
2017 2016 Diff Diff% 2015 Diff Diff%
ASSETS
Non-current assets
Property, plant & equipment 2,749,945 2,521,455 228,490 9.1% 2,286,002 235,453 10.3%
Intangible assets 32,900 59,550 (26,650) (44.8%) 61,750 (2,200) (3.6%)
Investments 142,500 132,500 10,000 7.5% 107,500 25,000 23.3%
2,925,345 2,713,505 211,840 7.8% 2,455,252 258,253 10.5%
Current assets
Inventories 57,380 47,920 On this
this sheet:
On9,460 sheet: 19.7% 45,050 2,870 6.4%
Trade and other receivables The
The balance
balance sheet
sheet on
928,788 on this
this sheet
sheet
728,381is
is automatically
automatically calculated based
calculated27.5%
200,407 based onon the
the reporting
679,044 periods
reporting periods that
that are
are
49,337 7.3%
specified
specified on
on the
the Set-up
Set-up sheet
sheet and
and the
the account
account balances
balances on
on the
the TB
TB sheet.
sheet. No
No user
user input
input is
is required
required on
on this
this
Prepayments 56,760 45,478 11,282 24.8% 42,190 3,288 7.8%
sheet
sheet but
but you
you can
can customise
customise the the line
line items
items that
that are
are included
included on on the
the balance
balance sheet
sheet byby adding
adding the
the
Bank appropriate reporting-classes
appropriate reporting classes toto the
the TB - sheet,
TB sheet, entering - the
entering -
the appropriate
appropriate classes
classes in -
in column
column A
A and -
and copying
copying -
Other cash accounts 2,700 the formulas
formulas from
the2,075 from one
625of
one of the
the existing
30.1% rows.
existing rows. 3,478 (1,403) (40.3%)
1,045,628 823,854 221,774 26.9% 769,762 54,092 7.0%

Total assets 3,970,973 3,537,359 433,614 12.3% 3,225,014 312,345 9.7%

EQUITY & LIABILITIES

Equity
Share capital 45,000 40,000 5,000 12.5% 30,000 10,000 33.3%
Retained earnings 2,597,440 2,171,350 426,090 19.6% 2,003,765 167,585 8.4%
2,642,440 2,211,350 431,090 19.5% 2,033,765 177,585 8.7%
Non-current liabilities
Long term loans 250,000 260,000 (10,000) (3.8%) 250,000 10,000 4.0%
Finance leases 44,624 64,508 (19,884) (30.8%) 82,931 (18,423) (22.2%)
Deferred tax liability 4,309 (2,912) 7,221 248.0% (2,155) (757) (35.1%)
298,933 321,596 (22,663) (7.0%) 330,776 (9,180) (2.8%)
Current liabilities
Bank overdraft 36,600 82,507 (45,907) (55.6%) 5,435 77,072 1,418.1%
Trade payables 275,030 348,520 (73,490) (21.1%) 335,190 13,330 4.0%
Accruals 79,500 67,000 12,500 18.7% 55,000 12,000 21.8%
Provisions 214,823 214,870 (47) (0.0%) 211,637 3,233 1.5%
Interest payable 2,000 1,200 800 66.7% - 1,200 (100.0%)
Dividends payable 150,000 100,000 50,000 50.0% 80,000 20,000 25.0%
Current tax liability 271,647 190,316 81,331 42.7% 173,211 17,105 9.9%
1,029,600 1,004,413 25,187 2.5% 860,473 143,940 16.7%

Total liabilities 1,328,533 1,326,009 2,524 0.2% 1,191,249 134,760 11.3%

Page 17 of 19
ABC Trading (Pty) Limited
Balance sheet at 28 February 2017
www.excel-skills.com
2017 2016 Diff Diff% 2015 Diff Diff%

Total equity & liabilities 3,970,973 3,537,359 433,614 12.3% 3,225,014 312,345 9.7%

Page 18 of 19
Comparative Financials Template
Trial Balance Sequence Check
www.excel-skills.com - ok -
Acc No Account Description Amount Check Amount
BS-100 Land & Buildings - Cost 1,950,000.00 ok 1,950,000.00 www.excel-skills.com

BS-105 Plant & Equipment - Cost 1,346,045.00 ok 1,346,045.00

BS-110 Furniture & Fittings - Cost 210,000.00 ok 210,000.00
BS-150 Land & Buildings - Accum Depreciation -420,000.00 ok -420,000.00 On
On this
this sheet:
sheet:
BS-155 Plant & Equipment - Accum Depreciation -278,100.00 ok -278,100.00 The
The formulas
formulas in in column
column D D on
on this
this worksheet
worksheet enable
enable users
users toto check
check whether
whether the the account
account
numbers
numbers thatthat havehave been
been pasted
pasted into
into column
column A A (from
(from another
another Excel
Excel workbook
workbook or or export
export file)
file) are
are
BS-160 Furniture & Fittings - Accum Depreciation -58,000.00 ok -58,000.00
consistent
consistent with with the
the account
account numbers
numbers on on the
the TB
TB sheet.
sheet. An
An error
error message
message will
will be
be displayed
displayed in in
BS-200 Goodwill - Cost 50,000.00 ok 50,000.00 column
column D D ifif the
the account
account number
number sequence
sequence which
which has
has been
been pasted
pasted into
into column
column A A on
on this
this sheet
sheet
BS-205 Trademarks - Cost 39,500.00 ok 39,500.00 is
is not
not consistent
consistent with with the
the account
account number
number sequence
sequence on on the
the TB
TB sheet.
sheet. You
You can
can then
then amend
amend the the
BS-210 Software - Cost 18,500.00 ok 18,500.00 account
account numbers
numbers until
until no
no error
error messages
messages are are reflected
reflected before
before pasting
pasting the
the trial
trial balance
balance
BS-250 Goodwill - Accum Amortization -50,000.00 ok -50,000.00
amounts
amounts intointo the
the appropriate
appropriate annual
annual period
period on
on the
the TB
TB sheet.
sheet.
BS-255 Trademarks - Accum Amortization -11,450.00 ok -11,450.00
BS-260 Software - Accum Amortization -13,650.00 ok -13,650.00
BS-270 Investments 142,500.00 ok 142,500.00
BS-300 Petty Cash 2,700.00 ok 2,700.00
BS-305 Bank Overdraft -83,600.00 ok -83,600.00
BS-310 Bank Accounts 47,000.00 ok 47,000.00
BS-500 Trade Debtors 928,788.00 ok 928,788.00
BS-510 Prepayments 56,760.00 ok 56,760.00
BS-600 Raw Materials 42,600.00 ok 42,600.00
BS-605 Work in progress 1,140.00 ok 1,140.00
BS-610 Finished goods 13,640.00 ok 13,640.00
BS-700 Trade Creditors -275,030.00 ok -275,030.00
BS-705 Accruals -79,500.00 ok -79,500.00
BS-710 Interest Payable -2,000.00 ok -2,000.00
BS-715 Taxation Provision -271,647.00 ok -271,647.00
BS-720 Dividends Payable -150,000.00 ok -150,000.00
BS-730 Provision for Bonuses -214,823.00 ok -214,823.00
BS-800 Long Term Liabilities -250,000.00 ok -250,000.00
BS-810 Finance Leases -44,624.00 ok -44,624.00
BS-900 Deferred Tax -4,309.00 ok -4,309.00
BS-950 Share Capital -45,000.00 ok -45,000.00
BS-990 Retained Earnings - Opening Balance -2,171,350.00 ok -2,171,350.00
IS-100 Sales -6,743,544.00 ok -6,743,544.00
IS-105 Royalties -120,000.00 ok -120,000.00
IS-150 Interest Received -22,999.00 ok -22,999.00
IS-155 Dividends Received -27,000.00 ok -27,000.00
IS-160 Profit on Disposal of Equipment -61,850.00 ok -61,850.00
IS-200 Cost of Sales 5,355,770.00 ok 5,355,770.00
IS-305 Accounting Fees 8,421.00 ok 8,421.00
IS-310 Advertising & Marketing 13,684.00 ok 13,684.00
IS-315 Bank Charges 526.00 ok 526.00
IS-320 Commission - ok -
IS-325 Computer Expenses 1,246.00 ok 1,246.00
IS-330 Consumables & Cleaning 337.00 ok 337.00
IS-335 Entertainment - ok -
IS-340 Insurance 3,404.00 ok 3,404.00
IS-345 Office Expenses 1,402.00 ok 1,402.00
IS-350 Office Rent 84,210.00 ok 84,210.00
IS-355 Postage 621.00 ok 621.00
IS-360 Professional & Legal Fees - ok -
IS-365 Salaries & Wages 470,000.00 ok 470,000.00
IS-370 Stationery 1,292.00 ok 1,292.00
IS-375 Subscriptions & Memberships 1,450.00 ok 1,450.00
IS-380 Telephone & Internet 12,204.00 ok 12,204.00
IS-385 Training 592.00 ok 592.00
IS-390 Travelling & Accommodation 3,750.00 ok 3,750.00
IS-395 Utilities - ok -
IS-400 Depreciation 95,510.00 ok 95,510.00
IS-405 Amortization 38,650.00 ok 38,650.00
IS-500 Interest Paid 26,366.00 ok 26,366.00
IS-600 Taxation 278,868.00 ok 278,868.00
IS-650 Dividends Paid 150,000.00 ok 150,000.00
IS-700 Other Expenses 1,000.00 ok 1,000.00

Page 19 of 19