Financial Statement Generator: Cash or Accrual Basis (Excel XLSX)

This template is for tracking actual business transaction data. The functionality is simple and straight forward. There is a transaction log that acts as a general ledger and database. The financial statements are programmed automatically with formulas to pull from that database and produce monthly, quarterly, and yearly views with the capability of cash and accrual methodology.

Financial statements simply mean Income Statement, Balance Sheet, and Cash Flow Statement. They all balance together.

In order to help with on-boarding and transaction entry, the purchase comes with 3 files.

•  1 Excel / G Sheet template with an example of every accrual basis transaction
•  1 Excel / G Sheet template with an example of every cash basis transaction
•  1 blank Excel / G Sheet template
•  The sheet is really good at low volume / high value transaction activity as well as transactions that can be bulked together by month i.e. sales / expenses.

You will be able to enter transaction that comply with GAAP reporting / matching principles as well as simple cash basis. The accruals all have examples of their lifecycle entries from beginning to end for example you can see how to enter sales on account, collection of sales, entry of bad debt expense, allowance for doubtful accounts, writing off bad accounts, and re-collecting on accounts that have been written off.

I am always open to new logic and entries that may be helpful and are not included in this sheet. As it sits now, this Excel tool should work for a large majority of businesses and their entire accounting cycle.

Examples of Entry Types Included and Coded In:

•  Sales
•  Sales on Account
•  Collections of Receivables
•  Unearned Revenue
•  Realized Revenue
•  Bad Debt / Allowance
•  Inventory purchases
•  Inventory purchases on account
•  Cost of Goods Sold
•  G&A, S&M, R&D expenses on account / paid on account
•  Other Income
•  Other Expense
•  Prepaid Expenses
•  Short and Long-term investments
•  Unrealized gains/losses
•  Purchase of capital assets
•  Depreciation
•  Sale / Disposal of Capital Assets
•  Dividends Issued / Received
•  Income Tax Expense
•  Deferred Tax Liability
•  Sales Tax / Payables
•  Loans / Interest / Principal Repayments
•  Issuing Stock

NOTE: The secondary document has an example of all cash-basis transaction examples.