The Balance Sheet that ALWAYS Balances
This is a UNIQUE BUSINESS PRODUCT, developed by David Stevens. It has been seen by some well known CPA’s in the area. They have said, “It’s Unique” how David has it setup AND “always balances” regardless of the numbers that are changed and integrated into it. Make any change and it always Balances ALL the time.
Here is an example of what I mean:
- BALANCE SHEET WITH BOARD STRATEGIES
BALANCE SHEET 2016 2015 ASSETS Current Assets Cash $8,835,305 $987,055 Accounts receivable @ 30 days $2,054,795 $2,147,945 Inventory $3,000,000 $2,842,000 Total Current Assets $13,890,100 $5,977,000 Fixed assets $2,000,000 $2,000,000 Accumulated depreciation @ 10 years $400,000 $200,000 Intangible assets $300,000 $300,000 Accumulated amortization $200,000 $100,000 Total Assets $15,590,100 $7,977,000 LIABILITIES Accounts payable $164,300 $145,000 Short term loans $ – $ – Accrued Expenses $ – $ – Dividends Common Stock @ $.25/Share $300,000 $ – Dividends on Preferred Stock @ $5/Share $30,000 $ – Taxes payable $1,454,250 $991,200 Total Current Liabilities $1,948,550 $1,136,200 Bank Loan $2,000,000 $2,000,000 Bonds 1,500 @ $1,000 par value $1,500,000 $ – Total Liabilities $5,448,550 $3,136,200 STOCKHOLDER’S EQUITY Common Stock 1,000 shares @ $1 par value $1,000,000 $1,000,000 Common Stock 200,000 shares @ $7 par value $2,000,000 $ – Preferred Stock 6,000 shares, 5%, $100 par value $600,000 $ – Net Income $2,700,750 $1,840,800 Accumulated prior retained earnings $3,840,800 $2,000,000 Total Equity $10,141,550 $4,840,800 Total Liability & Equity $15,590,100 $7,977,000 Net Working Capital $11,941,550 $4,840,800
- The Balance Sheet That ALWAYS Balances
- Any set of numbers can be integrated into this type of balance sheet and it will ALWAYS BALANCE, Bar None.
- This is “The Stevens Method” and it is “Unique” and every CPA that has seen this Balance Sheet has agreed.
- Get in touch with David for a 1 on 1,
- We will even come to your college/university or corporation if you meet the pre-requisites for a Seminar.
- That will be determined by David, Owner of the “Stevens Method”.
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blessings,
George
p.s. “UP-COMING SOON”, An Interactive Video that illustrates “The Balance Sheet that Always Balances with the change of a click with any entry into the P & L or Balance Sheet.