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5 Simple Steps to Preparation of Balance Sheet

Clients provide Accounting data/information
Digital CA review all Ledgers
Preparation Trial Balance
Preparation Income Statement
Preparation of Balance Sheet

What is Balance Sheet?

  • A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure.

  • It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders.                                                                                                                                                                                              

Basic Documents

For preparation of balance sheet

  • Debtors List
  • Creditors List
  • Loans Details
  • Bank Statement
  • Various Ledger
  • Fixed Assets

For Preparation of Income Statement

  • Credit note
  • Debit note
  • Sale Register
  • Purchase Register
  • Expense Register
  • Other Income Ledger




All Inclusive Fees

  • Less than total income 10 Lakh


All Inclusive Fees

  • Less than total income 20 Lakh


All Inclusive Fees

  • Up to total income 30 Lakh

Basic Features

Knowledge of financial position

Balance sheet depicts the true financial position of the business. The position can be ascertained by a study of the Balance sheet. We can calculate short term and long term financial ratios, proprietary and other ratios to have the knowledge of the financial soundness of the business.

Balance Sheet is a Statement

Though the Balance sheet is an integral part of the double entry system, it is not an account. It has got the balance of certain ledger accounts. The balances of all ledger accounts are not shown in it.

Prepared on a specified date

Balance Sheet is prepared on a specific date, i.e., at the end of the accounting period. It is common practice and also a legal requirement to prepare Balance. Sheet together with Trading and profit and loss account at the end of the accounting year. It may be prepared after every six months if the proprietors so desire.

Statement of Assets & Liabilities

The left-hand side is a liability representing credit balance. The right-hand side is assets representing debit balances. Provisions are also shown on the liabilities side. Proprietors capital or share capital is also showing at liabilities side.

Know the Position of Business

You may turn to either your balance sheet or profit and loss statement to understand how your business is doing financially. While your profit and loss statement can quickly show your expenses versus your income, it doesn’t show your current assets and pending liabilities as a balance sheet does.

Play an Important role for owner

The balance sheet provides a snapshot of a company's accounts at a given point in time. The balance sheet, along with the income and cash flow statement, is an important tool for owners but also for investors because it is used to gain insight into a company and its financial operations

Indicate the Trends of Business

Provide year-to-year comparative information to indicate trends in the financial position and financial structure of the business.

Start 999 /- all inclusive fees
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