Projected Balance Sheet Help

[Beretta_Shooter]

I am in the process of drafting a business plan. I have a Pro Forma Income statement complete and the bank I am working with has asked for a Projected Balance Sheet. I really need a little help in translating the income statement into a balance sheet.

If there are any CPAs on the board and could spare a few minutes I would really appreciate it. What would take me 2 days to figure out a CPA (or anyone with a lick of financial sense) could do in about ten minutes.

If you have a smart ass comment please save it. If you want to help me please let me know.

Thanks!

[Chris Stack]

I'm not yet a CPA, but I'm a corporate accountant, and I can try to help. One thing though, a Balance sheet doesn't really evolve from an income statement. It comes from the assets of the entity, and how those assets were acquired/paid for. Basic Accounting equation is Assets=Liabilities + Equity; IOW, here's X assets, paid for with Y debt and Z equity (cash infused by owners.) X=Y+Z. Income statement OTOH is Cash in - Cash out = total profit (loss.)

I'm pretty busy with quarter close right now at work, but if you want to email me (chrisstack22 (AT) gmail (DOT) com) I can try to throw something together by the end of the week. Let me know.

[Beretta_Shooter]

Chris,

Thanks for the offer. I will drop you an E-mail tomorrow.

Eric (beretta)