Business Infographics on LinkedIn: Balance Sheet Credits to Abdul Khaliq, follow him for more finance… | 24 comments (2024)

Balance SheetCredits to Abdul Khaliq, follow him for more finance content.------Here's the original post:Balance SheetReports | Reconciliations | Analyses | KPIs | RatiosWe run and analyze various month-end closing balance sheet reports, reconciliations, analyses, and ratios.As we approach the year-end, I thought putting all these reports and reconciliations together would be beneficial.I know not all the reports are for everyone or may be required.However, having them all in one place makes it easier to see what is relevant to us and applicable to the business.I have tried to cover the main balance sheet accounts. You may have some other accounts based on your accounting practices and needs.Take this as a guide and prepare the reports/reconciliations that apply to you.And tell me which one I missed and you added?I have included the following wherever they were applicable:1- Reports2- Reconciliations3- Analyses4- KPIs5- RatiosThe overall balance sheet reconciliation is one periodic report that sits on top of all of these. No matter what business you are in and what your accounting practices are, it applies to all of us.-------Follow Business Infographics to learn from the best visuals.

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Here is a good consolidation

Useful to check if you are applying them currently or not, or at least providing that kind of information in similar ways. Also interesting because not all of them are applied in all businesses, just because they don't know them or how to use them.

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Balance sheet analysis

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BALANCE SHEET

A great visualisation for the Balance Sheet. A must read for all aspiring managers and established professionals (helps to continually revise basics so that you are never out of touch !!)

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Fantastic and concise tool for financial reporting and analysis

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useful overview!!

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Balance SheetReports | Reconciliations | Analyses | KPIs | RatiosWe run and analyze various month-end closing balance sheet reports, reconciliations, analyses, and ratios.As we approach the year-end, I thought putting all these reports and reconciliations together would be beneficial.I know not all the reports are for everyone or may be required.However, having them all in one place makes it easier to see what is relevant to us and applicable to the business.I have tried to cover the main balance sheet accounts. You may have some other accounts based on your accounting practices and needs.Take this as a guide and prepare the reports/reconciliations that apply to you.And tell me which one I missed and you added?I have included the following wherever they were applicable:1- Reports2- Reconciliations3- Analyses4- KPIs5- RatiosThe overall balance sheet reconciliation is one periodic report that sits on top of all of these. No matter what business you are in and what your accounting practices are, it applies to all of us.

When we are working with a buyer on a deal and ask for management accounts 😅We generally either get given statutory accounts ORJust a P&L and balance sheet from their systemI don’t see either of these as management accounts ASTo have a real month end with management accounts you would usually have a report against prior year and budget With full balance sheet recs and commentary with a key synopsis of the business WhyBecause statutory accounts are only filed once a year so how are they kept up to date 🤷♀️And running a report from the system is fine BUT where is the proof that accounting principles and reconciliations have taken placeI believe owners who run a month end should get a visual summary of business performanceAnd if you don’t have a forecast then it’s worth doing one at some stage as you can’t run a business long term with no plan 👌What information do you get?#month #information #understand #forecast Wilkinson Accounting Solutions

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