Daily Mis Report Format in Excel

Excel Skills | Management Accounts Template
Instructions
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This template enables users to compile comprehensive monthly management accounts based on any trial balance with
any account structure. The management accounts are compiled by linking each account in the trial balance to a pre- On
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defined reporting class code and all the amounts that are included in the management accounts are automatically This
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calculated based on the linked reporting class codes. The template includes an income statement, cash flow statement on
and balance sheet and compares the actual results to a forecast on a monthly and year-to-date basis. Prior year results on setting
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are also included on all the financial reports.
Note: All account balances on the trial balances (TBCY, TBPY and Forecast sheets) need to be included on a cumulative
basis in order for the template calculations to be accurate. If a business has turnover of $100,000 per month, the
cumulative basis means that you need to include $100,000 in month 1, $200,000 in month 2, $300,000 in month 3, etc.
The template includes the following sheets:

Setup - enter your business name, enter the current reporting year, select the appropriate financial year-end period and
select the current reporting period. The business name is used as a heading on all the sheets and the reporting period
selections are used to determine the monthly periods that need to be included on the trial balance & forecast sheets and
the periods on which the monthly and year-to-date calculations on the income statement, cash flow statement and balance
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Groups - this sheet contains all the pre-defined reporting classes that should be used to link the trial balance accounts on
the Key sheet to the calculations on the income statement, cash flow statement and balance sheet.
Key - all the individual accounts that are included on the trial balance need to be copied or entered onto this sheet and
each account number then needs to be linked to the appropriate reporting class. All the calculations on the income
statement, cash flow statement and balance sheet are automatically updated based on the reporting class that is linked to
each account on this sheet.
TBPY - all the account numbers and appropriate monthly account balances that are included in the trial balance for the
prior year reporting period needs to be included on this sheet. The reporting classes in column A can be added to each
account by simply copying the formula into all the rows that contain an account number. Note that the balance sheet
balances for the year before the prior year reporting period also need to be specified in order to facilitate accurate cash
flow calculations for the prior year financial period.
TBCY - all the account numbers and appropriate monthly account balances that are included in the trial balance for the
current reporting period need to be included on this sheet. The reporting classes in column A can be added to each
account by simply copying the formula into all the rows that contain an account number.
Forecast - a cumulative monthly forecast balance needs to be specified for each account that is included in the current
period trial balance on the TBCY sheet. Note that all the forecasted balances need to be entered on a cumulative basis
(the same basis which is used in order to compile any trial balance) in order for the forecast balances to be included
correctly on the income statement, cash flow statement and balance sheet reports. Income, equity & liability account
balances should be represented by negative values while expenses & asset balances should be represented by positive
values.
IS - this sheet contains an income statement which is automatically calculated based on the reporting classes that have
been linked to the accounts on the Key sheet. No user input is required on this sheet but you can customize the report if
necessary. The monthly & year-to-date periods for which the income statement is compiled is determined based on the
period selections on the Setup sheet.
CFS - this sheet contains a cash flow statement which is automatically calculated based on the reporting classes that have
been linked to the accounts on the Key sheet. No user input is required on this sheet but you can customize the report if
necessary. The monthly & year-to-date periods for which the cash flow statement is compiled is determined based on the
period selections on the Setup sheet.
BS - this sheet contains a balance sheet which is automatically calculated based on the reporting classes that have been
linked to the accounts on the Key sheet. No user input is required on this sheet but you can customize the report if
necessary. The monthly & year-to-date periods for which the balance sheet is compiled is determined based on the period
selections on the Setup sheet.
ISMonth - this sheet contains a monthly income statement which is automatically calculated based on the reporting
classes that have been linked to the accounts on the Key sheet. No user input is required on this sheet but you can
customize the report if necessary. The monthly income statement is based on the actual results that are represented by
the account balances on the TBCY sheet and the monthly periods for which the income statement is compiled is
determined based on the period selections on the Setup sheet.
TBCheck - when you copy a trial balance from another Excel workbook into this template, it is important to ensure that the
account numbers on the source worksheet are the same as the account numbers on the target trial balance worksheet.
We have therefore included this sheet to enable users to check whether their account number sequence is consistent with
the appropriate trial balance before copying the trial balance data into this template.
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Instructions
In order to start using the template, you basically need to complete the following steps:
■ Change the default settings in the cells with yellow cell backgrounds on the Setup sheet.
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■ If you do not want to use your own account structure and you would rather use our standard template setup, you only This
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need to include your cumulative monthly balances on the three trial balance sheets and leave the Key sheet as is. All the on
reporting classes will automatically be linked to the appropriate account balances and populated on the income statement, on setting
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cash flow statement and balance sheet.
■ If you want to use your own account structure, replace our default data by copying the account numbers & descriptions
of all the accounts on your trial balance onto the Key sheet and then link each individual account to the appropriate
reporting class by copying or entering the class code into column C. Note that a full list of all the main classes that are
used on the income statement and balance sheet are included on the Groups sheet.
■ Then also copy the account numbers to the TBPY, TBCY and Forecast sheets and copy the formulas in columns A and
C if you have more accounts than the default data in the template.
■ Copy all your prior financial year balances onto the TBPY sheet and all your forecast balances for the current financial
year onto the Forecast sheet. Actuals should be copied onto the TBCY sheet throughout the year. All trial balance
amounts must be cumulative.
■ The income statement, cash flow statement and balance sheet are automatically calculated based on the amounts that
are included on the three trial balance sheets. Simply select the appropriate reporting period on the Setup sheet and all
calculations are updated automatically.
Note: These are only the main steps that need to be completed and we strongly recommend that you go through the
detailed instructions below in order to obtain a more through understanding of the template design.
Setup
The input cells that contain yellow cell backgrounds on the Setup sheet need to be completed in order to include your
business name as a heading on all the appropriate sheets and to specify the appropriate reporting periods for which the
management accounts need to be compiled. The cells with light blue cell backgrounds contain formulas which should not
be replaced!
The appropriate year-end period needs to be selected in cell B6. The year-end month that is selected in this cell
determines which months are included in the year-to-date calculations and also determines which monthly periods are
included on the trial balance sheets & the monthly income statement on the ISMonth sheet.
The financial year for which the management accounts are compiled needs to be specified in cell B8. The year-end date
that is displayed in cell B10 is determined based on the year-end period that has been selected in cell B6 and the financial
year that has been entered in cell B8.
The current reporting period needs to be selected from the list box in cell B12. The months that are included in the list box
are determined by the year-end and financial year selections in cells B6 and B8. The current reporting period that is
specified determines which monthly and year-to-date periods are included in the income statement, cash flow statement
and balance sheet reports. You can therefore change the period for which the management accounts are compiled by
simply selecting a new period from the list box in this cell.
The reporting period end date and the prior year reporting period which is displayed in cells B14 and B16 are determined
based on the current reporting period that is selected in cell B12. These cells contain formulas which should not be
replaced!
Note: If any of the user input cells on the Setup sheet are not completed or if the data that is entered is invalid, the cell
background of the appropriate cell will be highlighted in red. A red cell background therefore indicates that you should
replace the data in the appropriate cell with valid input.
Example: If you change the financial year in cell B8 and the current reporting period which has been specified in cell B12
falls outside of the new financial year, the cell background of cell B12 will be highlighted in red in order to indicate that a
new current reporting period needs to be selected. When you select a valid period from the list box, the red highlighting
will be removed automatically.
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Instructions
Default Reporting Classes

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The default reporting classes on which the management accounts are based have been included on the Groups sheet. This
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These are the default income statement and balance sheet classes that need to be used in order to link the accounts on on
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each of the three trial balance sheets to the appropriate income statement or balance sheet item on the income statement
and balance sheet.
These links are however not established on the Groups sheet but on the Key sheet where all the accounts that form part
of the trial balances need to be included. The Groups sheet is therefore largely for information purposes although the
income statement and balance sheet line item descriptions are based on the reporting class descriptions that are entered
on the Groups sheet.
Note: Each line on the income statements (IS and ISMonth sheets) and balance sheet (BS sheet) contain a reporting
class in column A which makes it easy to identify the reporting class which is used to calculate the appropriate line. All the
account balances on each of the trial balances which have been linked to the appropriate reporting class will be included
in the balance calculation.
When users initially link each trial balance account to a reporting class on the Key sheet, users should therefore refer to
the Groups sheet in order to determine which reporting class code relates to which income statement or balance sheet
account group.
Linking Accounts to Reporting Classes
All the general ledger accounts that form part of the trial balance should be linked to a reporting class in order to facilitate
compiling automated income statement, cash flow statement and balance sheet reports. The management accounts in
this template include actual results for the current financial period, forecasted results for the current financial period and a
comparison to prior year results which are all automatically calculated based on the account balances that are included on
the TBCY, Forecast and TBPY sheets.
The accounts that are included on these three trial balance sheets therefore all need to be linked to the appropriate
reporting classes. It is however essentially the same accounts that need be included on all three sheets and instead of
requiring users to link accounts to reporting classes on all three sheets, we have set up a separate sheet for this purpose
and included a formula in column A on the three trial balance sheets in order to look up the appropriate reporting classes
from this sheet.
All the account numbers that are included in the trial balance as well as the appropriate account descriptions therefore
need to be entered or copied onto the Key sheet in columns A and B. Users then need to link each account to the
appropriate reporting class in column C (refer to the Groups sheet for the appropriate codes and descriptions that can be
used to link an account to an income statement or balance sheet line item).
Note: All the entries on the Key sheet must form part of a continuous cell range - you should not add any blank rows
between rows that contain data otherwise the formula in column D will not flag all the invalid reporting class codes that are
included in column C.
Note: We strongly recommend using the default reporting class structure that we have provided on the Groups sheet
because these codes have been included in column A on the income statement, cash flow statement and balance sheet
reports. If you use different codes and you include them incorrectly, the template calculations will not be accurate.
You can use any trial balance regardless of whether the account structure is consistent with our standard template or not.
Our default account numbers have been derived from the account structure that is used in our accounting templates but it
can be replaced with the appropriate account format which is used in your own trial balance by simply replacing our
default data. Each account should then be linked to one of our default reporting classes which creates the consistency that
is required in order for the reports to be automatically compiled.
All the accounts that are included in the trial balance should be linked to a valid reporting class otherwise the template
calculations may not be accurate and the management accounts may therefore not balance. We have added a formula in
column D on the Key sheet which should be copied for all the new rows that are added to the Key sheet and will contain
an error if an incorrect reporting class has been linked to any of the accounts.
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Instructions
The formula in the Status column will display an error code if an account has been linked to an invalid reporting class.
Refer to the Error Codes section of these instructions for guidance on how to fix these errors. It is important that you fix
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any errors that are displayed in this column because it probably means that the balances of the affected account will not
be updated to the income statement or balance sheet. This
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New Reporting Class Codes
If you want to add a new line to the income statement or balance sheet, we recommend that you explore changing one of
the default lines of an unused income statement or balance sheet item before considering adding a new reporting class. If
there is an unused item that you can change, it is simpler to do so than to add a new reporting class and therefore also
easier to do so. The unused line should however be similar to the line that you want to add otherwise you will need to add
a new reporting class instead.
When you change a similar item, you can use the same reporting class and only edit the description of the account group
if the reporting class is one of those listed on the Groups sheet. If the similar item's reporting class is not listed on the
Groups sheet, you can still use the same reporting class code and link this code to the appropriate account(s) on the Key
sheet but the line item description will then be based on the account description that is included for the first account that is
linked to the reporting class on the Key sheet.
If there are no similar items available, you will need to create a new reporting class code and use this code when adding a
line for the new item on the income statement or balance sheet. The easiest way of adding a new line is to insert a new
row at the appropriate location and to copy the formulas in all columns from one of the existing rows which is similar in
nature. You can then just replace the reporting class of the copied line (in column A) with your new reporting class.
The following rules apply to creating new reporting classes:

■ New reporting classes must be unique and we strongly recommend staying with our default reporting class code
convention (for example I-99G or B-99G). The "G" at the end is essential in order to prevent the reporting class codes
from clashing with account numbers. In the unlikely event that your account numbers contain a "G" at the end and consist
of the same account structure, replace the "G" with for example a "C"!
■ All new income statement codes should start with "I-" and all new balance sheet codes should start with "B-" followed by
a unique two-digit number for the account group which is followed by the "G".
■ If you want to display individual accounts instead of account groups, we recommend switching from the default 5
character reporting classes to a 7 character reporting class which includes an additional two digits before the "G". These
additional two digits can then be used to include line numbers and therefore provide for an additional 100 lines within each
reporting class (for example the default account group class of I-03G for operating expenses was changed to I-0301G to I-
0318G in order to provide for 19 additional individual accounts on the income statement).
■ If column D on the Key sheet contains an error code, it needs to be fixed immediately because it may lead to template
imbalances. Refer to the Error Codes section of these instructions for guidance on how to fix these and other errors.
Note: After adding a new reporting class and linking it to an account on the Key sheet, you may see an error in the Status
column indicating that the reporting class cannot be found on the income statement or balance sheet. This is normal and
this error will automatically disappear as soon as you add the new reporting class to the appropriate location on the
income statement or balance sheet.
Note: If the reporting class is the same as the ones that are listed on the Groups sheet, the income statement or balance
sheet line item description will be picked up from the Groups sheet. If there is no match on the Groups sheet, the line item
description will be picked up from the account description on the Key sheet of the first line that matches the reporting class
code.
Prior Year Trial Balance
A complete trial balance for the prior financial period should be copied or entered onto the TBPY sheet. The account
balances that are included on this sheet are used to update the "Prior Year" columns on the income statement, cash flow
statement and balance sheet reports.
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Instructions
Note: All the accounts that are included in your trial balance should be entered in a continuous cell range on the TBPY
sheet - there should not be any blank rows between rows that contain data otherwise all the accounts may not be included
in the management accounts calculations and your balance sheet may therefore not balance! On
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this template.
template.
The reporting class in column A and the account description in column C are automatically looked up based on the entries
on the Key sheet. The formulas which have been included in these columns therefore need to be copied for all the rows
on the TBPY sheet which contain account numbers in column B.
Note: If an account number is included in the trial balance but the account number has not been linked to a valid reporting
class on the Key sheet, the appropriate cell in column A will contain a "No key!" message and the column heading in
column A will be highlighted in red. If any of the three trial balance sheets contain accounts that are not linked to valid
reporting classes, your management accounts may not balance. If the "No key!" message is therefore encountered, you
should add the appropriate account number to the Key sheet and link the account number to a valid reporting class. Once
this step has been completed, the red highlighting in the column heading cell will be removed automatically.
The monthly periods that are included in the column heading row are automatically determined based on the financial
year-end and reporting year that are specified in cells B6 and B8 on the Setup sheet. All the appropriate account balances
for these monthly periods need to be entered or copied into the cells in the appropriate columns but you should not edit
any of the column heading cells! If you want to change the dates that are included in the column headings, you should do
so by changing the reporting period selections on the Setup sheet.
The monthly management accounts can only be as accurate as the trial balance data that is included on the three trial
balance sheets. If your trial balance therefore does not balance, your monthly management accounts will also not balance!
You should therefore always ensure that all the monthly totals that we have included above the column heading row equal
nil - we have also added conditional formatting to these cells which highlights all the monthly totals that are not equal to nil
in red.
Note: You may notice that while you are adding accounts to the trial balance on this sheet (by inserting new rows in the
appropriate location based on the account number sequence), the totals are highlighted in red - this formatting simply
indicates that empty rows have been inserted and will automatically disappear when an account number is entered in
column B for all the blank rows.
Note: If you are setting up management accounts for a new business with no prior financial year, we recommend that you
still add all the trial balance accounts to the TBPY sheet but that you include nil values in all the monthly columns. This will
ensure that all the "Prior Year" columns in the management accounts reflect nil values.
You may notice that the TBPY sheet includes an additional column that has a column heading which has been formatted
with a dark blue cell background and contains the date of the year end month which precedes the prior financial year. This
column is required in order to produce accurate cash flow statement calculations for the prior financial year.
It is not necessary to include a full trial balance for this period in column D - you can only include the appropriate balance
sheet account balances as at the end of this period (income statement accounts can be omitted). The trial balance will
however only balance if the retained earnings balance as at the end of this period is included in the account which is
linked to the retained earnings reporting class.
Note: A trial balance usually only includes the retained earnings balance at the beginning of the appropriate financial
period because the profit or loss for the current financial period is in effect included in the individual income statement
account balances but because we are not including the income statement accounts in this column, the retained earnings
account balance needs to be adjusted in order to reflect the retained earnings balance at the end of the financial period.
This adjustment is therefore only required in this column - no adjustments are required for any of the other trial balances
which form part of this template.
Note: You can check the adjusted retained earnings balance by comparing it to the retained earnings account balance for
the subsequent months on the TBPY sheet - the retained earnings balance in column D should be the same as the
retained earnings account balances in columns E to P. This is because these columns include the retained earnings
balance at the beginning of the prior financial year which will be the same balance as at the end of the month in column C.
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Instructions
Current Year Trial Balance

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A complete trial balance for the current financial period should be copied or entered onto the TBCY sheet. The account This
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balances that are included on this sheet are used to update the "Actual" columns on the income statement, cash flow on
on setting
setting up
up and
and using
using this
this template.
template.
statement and balance sheet.
Note: All the accounts that are included in your trial balance should be entered in a continuous cell range on the TBCY
in the management accounts calculations and your balance sheet may therefore not balance!
on the TBCY sheet which contain account numbers in column B.
Note: If an account number is included in the trial balance but the account number has not been linked to a valid reporting
class on the Key sheet, the appropriate cell in column A will contain a "No key!" message and the column heading in
column A will be highlighted in red. If any of the three trial balance sheets contain accounts that are not linked to valid
The monthly periods that are included in the column heading row are automatically determined based on the financial year
end and reporting year that are specified in cells B6 and B8 on the Setup sheet. All the appropriate account balances for
these monthly periods need to be entered or copied into the cells in the appropriate columns but you should not edit any of
the column heading cells! If you want to change the dates that are included in the column headings, you should do so by
changing the reporting period selections on the Setup sheet.
in red.
Forecast Trial Balance
A complete trial balance for the current financial period forecast or budget should be copied or entered onto the Forecast
sheet. The account balances that are included on this sheet are used to update the "Forecast" columns on the income
statement, cash flow statement and balance sheet.
Note: All the accounts that are included in your trial balance should be entered in a continuous cell range on the Forecast
in the management accounts calculations and your balance sheet may therefore not balance!
on the Forecast sheet which contain account numbers in column B.
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Instructions
Note: If an account number is included in the trial balance but the account number has not been linked to a valid reporting On
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class on the Key sheet, the appropriate cell in column A will contain a "No key!" message and the column heading in This
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column A will be highlighted in red. If any of the three trial balance sheets contain accounts that are not linked to valid on
on setting
setting up
up and
and using
using this
this template.
template.
The monthly periods that are included in the column heading row are automatically determined based on the financial year
end and reporting year that are specified in cells B6 and B8 on the Setup sheet. All the appropriate account balances for
these monthly periods need to be entered or copied into the cells in the appropriate columns but you should not edit any of
the column heading cells! If you want to change the dates that are included in the column headings, you should do so by
changing the reporting period selections on the Setup sheet.
in red.
Important: Trial balances are always compiled on a cumulative basis - this means that the monthly movement in account
balances are added together when calculating the appropriate month-end trial balance amounts. Forecasts are however
usually not compiled on a cumulative balance basis which means that you may have to convert your forecast balances to
cumulative balances before copying or entering the appropriate balances on the Forecast sheet otherwise your
management accounts may not be accurate (this conversion is usually only necessary for income statement accounts
because balance sheet account balances are always cumulative).
Income Statement
The income statement on the IS sheet is automatically compiled based on the trial balances that are included on the
TBCY, TBPY and Forecast sheets and the financial reporting periods that have been specified on the Setup sheet. All the
amounts in the Forecast columns are calculated from the Forecast sheet, all the amounts in the Actual columns are
calculated from the TBCY sheet and all the amounts in the Prior Year columns are calculated from the TBPY sheet.
The income statement is calculated automatically and no user input is required on this sheet. If you want to change the
period for which the monthly and year-to-date balances are calculated, you need to select a new current reporting period
from the list box in cell B12 on the Setup sheet.
The monthly section is based on the appropriate month which has been selected and the year-to-date section is based on
all the months from the beginning of the financial year up to the selected period. Note that the financial year-end month is
also specified on the Setup sheet.
The calculated amounts for each individual line item on the income statement are based on the reporting classes that
have been entered in column A. All the accounts that have been linked to the appropriate reporting class (on the Key
sheet) will be included in the calculation of all the monthly and year-to-date amounts.
Note: If the reporting class is the same as the ones that are listed on the Groups sheet, the line item description will be
picked up from the Groups sheet. If there is no match on the Groups sheet, the line item description will be picked up from
the account description on the Key sheet of the first line that matches the reporting class code.
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Instructions
Cash Flow Statement

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The cash flow statement on the CFS sheet has been designed on the same basis as the income statement on the IS This
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sheet. The cash flow statement is automatically compiled based on the balances on the income statement and balance on
on setting
setting up
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template.
sheet. No user input is required on this sheet and the reporting period is based on the current reporting period selection in
cell B12 on the Setup sheet.
If you want to remove a line from the cash flow statement, we strongly recommend that you hide the appropriate line
instead of deleting it. If you delete cells which are used in some of the other cash flow statement calculations, you may
encounter a calculation error in some of the other rows on the report.
If you have created new reporting class codes for balance sheet items and you need to add a cash flow statement
calculation for these new balance sheet items, we recommend inserting a new row in a suitable location, copying one of
the existing lines for a similar balance sheet item and changing the reporting class code in column A of the copied line
item to the new reporting class.
You also then need to review the formulas in the monthly and year-to-date "Actual", "Forecast" and "Prior columns" to
ensure that the part of the formula which refers to the BS sheet includes the row number of the new balance sheet item.
The part of the formula that we are referring to should look something like this: BS!D14.
Note: If the reporting class is the same as the ones that are listed on the Groups sheet, the line item description will be
picked up from the Groups sheet. If there is no match on the Groups sheet, the line item description will be picked up from
the account description on the Key sheet of the first line that matches the reporting class code.
Balance Sheet
The balance sheet on the BS sheet has been designed on the same basis as the income statement on the IS sheet. The
balance sheet is automatically compiled based on the account balances that are entered on the TBPY, TBCY and
Forecast sheets. No user input is required on this sheet and the reporting period is based on the current reporting period
selection in cell B12 on the Setup sheet.
If you want to remove a line from the balance sheet, we strongly recommend that you hide the appropriate line instead of
deleting it. If you delete cells which are used in some of the other balance sheet calculations, you may encounter a
calculation error in some of the other rows or on the cash flow statement.
You can also add additional lines to the balance sheet by simply inserting a new row, entering the appropriate reporting
code on which the calculation should be based in column A and copying the formulas from one of the other similar lines on
the balance sheet.
We have added two control totals and their amounts to the four rows immediately below the balance sheet. The first
control total (and its amount above it) reflects an "ok" status if the appropriate balance sheet balances. If not, the amount
of the imbalance is displayed and an error status is displayed. The error and amount will be removed automatically when
corrections have been made and the balance sheet balances.
The second control total (and its amount below it) reflects an "ok" status if the appropriate bank balance on the balance
sheet agrees to the closing balance of the cash flow statement (CFS sheet) . If not, the amount of the imbalance is
displayed and an error status is displayed. The error and amount will be removed automatically when corrections have
been made and the two amounts are equal.
We have also included an Error Code line below these control totals which is displayed if there are any errors in the
template whether the above control totals balance or not. This line has been included to assist users in finding the cause
of errors especially if there are imbalances in the template. Refer to the Error Codes section for guidance on how to
resolve these errors.
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Instructions
Monthly Income Statement

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The monthly income statement on the ISMonth sheet is automatically compiled based on the account balances that are This
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entered on the TBCY sheet. No user input is required on this sheet and the reporting period is based on the current on
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reporting period selection in cell B12 on the Setup sheet.
The calculated amounts for each individual line item on the monthly income statement are based on the reporting classes
that have been entered in column A and linked to trial balance accounts on the Key sheet.
Trial Balance Check
If you use a trail balance export file in order to compile management accounts, the trial balance export file will have to be
amended so that the account numbers are in the exact same order as the accounts on the appropriate trial balance sheet
before you will be able to copy the account balances onto the appropriate sheet. This is a necessity in order to ensure that
the correct account balances are included next to the correct account numbers.
New accounts may also have been added during the current financial period which may not be included in the previous
trial balance on the TBCY sheet. These accounts therefore need to be identified and inserted in the correct row position
before the account balances can be copied. This could be quite a time consuming exercise and we have therefore added
the TBCheck sheet to assist users in simplifying this exercise.
Note: All the accounts that are included on the TBCheck sheet should form part of a continuous cell range - there should
not be any blank rows between rows that contain data otherwise all the account balances may not be included in the total
calculation above the column heading row.
The following steps need to be completed in order to ensure that the relevant trial balance is correctly included on the
appropriate trial balance sheet:
■ Select the trial balance that you need to amend from the list box in cell E3. You can select the Current option in order to
check the account sequence on the TBCY sheet, the Prior option to check the account number sequence on the TBPY
sheet or the Forecast option to check the account number sequence on the Forecast sheet.
■ Sort the data on the appropriate trial balance sheet (TBCY, TBPY or Forecast sheet) in an ascending order based on
the account numbers in column B.
■ Sort the data in the trial balance export file in an ascending order based on the account number column.
■ Copy the account number and account balance from the export file and paste the data into column A and B on the
TBCheck sheet (replace the existing data on this sheet).
■ Copy the formula in cell C6 and paste it into all the rows that contain an account number in column A. Note that all the
cells in column C will now contain formulas and formatting which will assist you in identifying the changes that need to be
made to the existing account structure on the TBCheck sheet before the account balances can be copied onto the
appropriate trial balance sheet.
■ Review the contents in column C - a row that contains a green "ok" cell is in the correct sequence but if an "error!" is
displayed in orange, it means that the sequence of accounts on the TBCheck sheet is not the same as the sequence of
accounts on the appropriate trial balance sheet.
■ Check the contents of all the rows that contain errors by comparing the account sequence on the TBCheck sheet to the
account sequence on the appropriate trial balance sheet (TBCY, TBPY or Forecast).
■ Where an account number is included on the TBCheck sheet but not on the trial balance sheet, determine whether the
account number has been included on the Key sheet. If the account number cannot be found on the Key sheet, insert a
new row in the appropriate location on the Key sheet, add the account number and account description to the Key sheet
and link the account to a valid reporting class code.
■ Then also insert a new row on the appropriate trial balance sheet (TBCY, TBPY or Forecast), copy the account number
into column B and enter a nil value into all the columns on the trial balance sheet. After completing these steps, the error
in the particular row will automatically be removed from the TBCheck sheet.
■ Where an account is included on the appropriate trial balance sheet but not on the TBCheck sheet, insert a new row on
the TBCheck sheet, copy the account number from the appropriate TB sheet and paste it into column A, enter a nil value
in column B and copy the formula in column C from one of the existing cells in column C. Column C should now contain a
green "ok" message.
■ Repeat the previous three steps until the TBCheck sheet contains no errors.
Page 11 of 27
Instructions
■ Ensure that the total of the amounts in column B on the TBCheck sheet is nil - the total calculation is included in the row
above the column headings. If the total of all the account balances on the TBCheck sheet is not nil, the difference will be
On
Onthis
thissheet:
sheet:
reflected in red in the cell above the column headings with an "error!" message next to it (note that blank rows may cause
an inaccurate total calculation). This
This sheet
sheet includes
includes detailed
instructions
on
on setting
setting up
up and
and using
using this
this template.
template.
■ If the total row contains a nil value, the amounts in column B can be copied and pasted as values into the appropriate
column on the relevant trial balance sheet (TBCY, TBPY or Forecast). After completing this step, the appropriate trial
balance has successfully been included in the template.
Roll Forward
The following steps need to be completed in order to roll the management accounts template forward for the next financial
period:
■ Save the workbook under a new file name in order to create an exact copy of the template which can be used for the
next financial period (use the File Save As feature).
■ Open the TBPY sheet and copy the account balances in column P into column C. This step effectively transfers the prior
financial period account balances into the period which precedes the prior financial period.
■ Compare the account number sequence on the TBPY and TBCY sheets and ensure that all the accounts that are
included on the TBCY sheet have also been added to the TBPY sheet. The account number sequence on both of these
sheets should be exactly the same.
■ Open the TBCY sheet and copy all the account balances in columns D to O into columns E to P on the TBPY sheet (but
do not copy the column heading row!). This effectively transfers the current financial period account balances into the prior
year financial period.
■ Open the TBCY sheet and replace all the existing account balances with nil values in order to replace the results for the
previous financial period with nil values.
■ Open the Forecast sheet and replace the forecast for the previous financial period with the forecast for the current
financial period (you may have to use the TBCheck sheet for this purpose).
■ Open the Setup sheet and change the reporting year in cell B8 to the current reporting year.
■ Select the first monthly period from the list box in cell B12.
■ Check that the Actual columns on the IS sheet now contain nil values. Also check that the Forecast and Prior Year
columns contain values and that all the balance sheets balance. If you encounter any imbalances, refer to the
Troubleshooting section of these instructions.
■ The monthly trial balances for the current financial period can now be added to the TBCY sheet after each month end
and the template has now effectively been rolled forward for the new financial year.
Error Codes
The following error codes have been used to identify errors in setting up the template for your business. If you notice any
of these error codes, you can complete the below steps in order to resolve the appropriate error(s):
■ E1 - trial balance does not balance. If you see this error in any of the columns in the section below the balance sheet, it
means that there is an imbalance in one or more of the months on the appropriate trial balance. Forecast column refers to
trial balance on Forecast sheet, Actual column refers to trial balance on TBCY sheet and Prior Year column refers to trial
balance on the TBPY sheet. The TBCY and Forecast sheets may also contain errors if the last month on the TBPY sheet
contains an imbalance. If you see this error, you need to fix the appropriate trial balance amounts so that the totals above
the column headings on the appropriate sheet are nil.
■ E2 - this error code refers to a missing key. This means that a reporting class which has been linked to one or more
accounts on the Key sheet is not included on the income statement or balance sheet. If a reporting class is not included
on these sheets, the balances that are linked to the appropriate class will not be updated on the financial reports. You
therefore need to include the appropriate reporting class on either the income statement or balance sheet depending on
the nature of the accounts that are linked to the reporting class.
■ E3 - this error code indicates that there are one or more accounts which have not been linked to a reporting class. Refer
to the appropriate trial balance sheet and find the accounts that have a "No key!" message in column A. These accounts
need to be added to the Key sheet and linked to a valid reporting class.
■ E4 - this error code indicates that there is a blank key. Refer to the Key sheet and look for the error code in the Status
column. The error code means that no reporting class has been assigned to the affected accounts and you therefore just
need to assign a valid reporting class in order to fix the error.
Page 12 of 27
Instructions
■ E5 - this error code indicates that there is a duplicate key. All reporting classes must be unique and therefore only
included once on either the income statement or balance sheet. If a reporting class is included twice, it will lead to some of
On
Onthis
thissheet:
sheet:
the trial balance amounts being duplicated on the appropriate financial report which will probably cause a balance sheet
This
This sheet
sheet includes
includes detailed
instructions
imbalance. Find the error code in column D on the Key sheet, identify the reporting class and remove the duplicated
on
on setting
setting up
up and
and using
using this
this template.
template.
reporting class from either the income statement or balance sheet.
Note: The above errors need to be fixed as soon as they are discovered (in the Status column on the Key sheet or in the
section below the balance sheet) because in most instances, these errors will result in template inaccuracies and/or cause
balance sheet imbalances.
Help & Customization
If you experience any difficulty while using this template and you are not able to find the appropriate guidance in these
instructions, please e-mail us at support@excel-skills.com for assistance. This template has been designed with flexibility
in mind to ensure that it can be used in most business environments. If however you need an Excel based template that is
customized specifically for your business requirements, please e-mail our Support function and provide a brief explanation
of your requirements.
© Copyright
This template remains the intellectual property of www.excel-skills.com and is protected by international copyright laws.
Any publication or distribution of this template outside the scope of the permitted use of the template is expressly
prohibited. In terms of the permitted use of this template, only the distribution of the template to persons within the same
organisation as the registered user or persons outside the organisation who can reasonably be expected to require access
to the template as a direct result of the use of the template by the registered user is allowed. Subsequent distribution of
the template by parties outside of the organisation is however expressly prohibited and represents an infringement of
international copyright laws.
Page 13 of 27
Example (Pty) Limited
Set-up
© www.excel-skills.com
Business Name Example (Pty) Limited
Year End Period February
Reporting Year 2020 On

On this
this sheet:
sheet:
Enter
Enter your
your business
business name
name and
and select
select the
the appropriate
appropriate year
year end
end period,
period, reporting
reporting
year
year and
and current
current reporting
reporting period.
period. The
The periods
periods that
that are
are selected
selected on
on this
this sheet
sheet
Year End Date 29 February 2020 determine
determine which
which monthly
monthly periods
periods are
are included
included on
on the
the trial
trial balances
balances and
and forecast
forecast
and
and also
also determine
determine the the current
current month
month andand year-to-date
year-to-date periods
periods that
that are
are included
included
Current Reporting Period Feb-2020 on
on the
the income
income statement,
statement, cash
cash flow
flow statement
statement and
and balance
balance sheet
sheet reports.
reports.
Reporting Period End Date 29 February 2020
Prior Year Reporting Period Feb-2019
Error Codes
Code Reason
E1 Trial balance does not balance
E2 Missing key
E3 Account with no key
E4 Blank key
E5 Duplicate key
January
February
March
April
May
June
July
August
September
October
November
December
Page 14 of 27
Default Reporting Classes
Class Description
Income Statement
I-01G Turnover
I-02G Cost of Sales
I-03G Operating Expenses On
On this
this sheet:
sheet:
I-04G Staff Costs This
This sheet
sheet contains
contains all all the
the default
default financial
financial statement
statement reporting
reporting classes
classes that
that should
should be be used
used in
in order
order
I-05G Depreciation & Amortization to
to link
link the
the accounts
accounts on on the
the Key
Key sheet
sheet toto the
the calculations
calculations on
on the
the income
income statement,
statement, cashcash flow
flow
I-06G Interest Paid
statement
statement and balance sheet. You therefore need to use these classes to link the accounts on the
and balance sheet. You therefore need to use these classes to link the accounts on the
Key
Key sheet
sheet to to the
the trial
trial balances
balances andand financial
financial reports.
reports. The
The reporting
reporting class
class that
that is
is included
included next
next toto an
an
I-07G Taxation Paid account on the Key sheet determines in which line the account balance is included in the income
account on the Key sheet determines in which line the account balance is included in the income
I-08G Other Expenses statement or balance sheet.
statement or balance sheet.
I-09G Other Income
I-10G Dividends Paid
Balance Sheet - Assets
B-00G Property, Plant & Equipment - Cost
B-01G Property, Plant & Equipment - Accum Dep
B-02G Intangible Assets - Cost
B-03G Intangible Assets - Amortization
B-04G Investments
B-05G Loans & Advances
B-06G Bank Accounts
B-07G Cash On Hand
B-08G Trade Debtors
B-09G Other Debtors
B-10G Inventory
Balance Sheet - Liabilities
B-11G Bank Overdraft
B-12G Trade Creditors
B-13G Accruals
B-14G Dividends Payable
B-15G Provision for Taxation
B-16G Other Provisions
B-17G Sales Tax
B-18G Long Term Liabilities
Balance Sheet - Equity
B-19G Reserves
B-20G Shareholders' Contributions
B-21G Retained Earnings
End of list
Page 15 of 27
Report Keys
Acc No Account Description Class Status
BS-0005 Land & Buildings - Cost B-00G -
BS-0010 Plant & Equipment - Cost B-00G -
BS-0015 Furniture & Fittings - Cost B-00G -
BS-0020 Office Equipment - Cost B-00G - On
On this
this sheet:
sheet:
BS-0025 Computer Equipment - Cost B-00G This
This sheet
-sheet enables
enables usersusers toto link
link each
each account
account inin their
their trial
trial balance
balance to
to aa default
default reporting
reporting class.
class.
BS-0030 Other Assets - Cost B-00G All
All account
account
- balances
balances are are automatically
automatically included
included on on the
the income
income statement,
statement, cash cash flow
flow statement
statement
and
and balance
balance sheet
sheet based
based on on the
the reporting
reporting class
class that
that is
is specified
specified for
for the
the appropriate
appropriate account
account onon
BS-0105 Land & Buildings - Accum Depreciation B-01G -
this
this sheet.
sheet. Note Note that
that the
the template
template accommodates
accommodates accountaccount numbers
numbers thatthat are
are in
in any
any format
format
BS-0110 Plant & Equipment - Accum Depreciation B-01G because-
because itit is
is the
the link
link to
to the
the reporting
reporting class
class which
which determines
determines where
where in in the
the financial
financial reports
reports the
the
BS-0115 Furniture & Fittings - Accum Depreciation B-01G - balance
balance will
will be
be included.
included.
BS-0120 Office Equipment - Accum Depreciation B-01G -
BS-0125 Computer Equipment - Accum Depreciation B-01G -
BS-0130 Other Assets - Accum Depreciation B-01G -
BS-0205 Goodwill - Cost B-02G -
BS-0210 Trademarks - Cost B-02G -
BS-0215 Software - Cost B-02G -
BS-0305 Goodwill - Accum Amortization B-03G -
BS-0310 Trademarks - Accum Amortization B-03G -
BS-0315 Software - Accum Amortization B-03G -
BS-0400 Investments B-04G -
BS-0500 Loans & Advances B-05G -
BS-0700 Cash On Hand B-07G -
BS-0799 Cash Transfer Control B-07G -
BS-0900 Other Debtors B-09G -
BS-0905 Prepayments B-09G -
BS-1300 Accruals B-13G -
BS-1305 Payroll Accruals B-13G -
BS-1310 Interest Payable B-13G -
BS-1405 Dividends Payable B-14G -
BS-1505 Provision For Taxation B-15G -
BS-1610 Provision For Bonuses B-16G -
BS-1700 Sales Tax Control B-17G -
BS-1805 Long Term Loans B-18G -
BS-1900 Reserves B-19G -
BS-2000 Shareholders' Contributions B-20G -
IS-0105 Sales - Fruit Juice I-01G -
IS-0110 Sales - Vegetable Juice I-01G -
IS-0205 Cost of Sales - Fruit Juice I-02G -
IS-0210 Cost of Sales - Vegetable Juice I-02G -
IS-0299 Cost of Sales - Direct Costs I-02G -
IS-0305 Accounting Fees I-0301G -
IS-0310 Advertising & Marketing I-0302G -
IS-0315 Bank Charges I-0303G -
IS-0320 Commission I-0304G -
IS-0325 Computer Expenses I-0305G -
IS-0330 Consumables & Cleaning I-0306G -
IS-0335 Entertainment I-0307G -
IS-0340 Insurance I-0308G -
IS-0345 Office Expenses I-0309G -
IS-0350 Office Rent I-0310G -
IS-0355 Postage I-0311G -
IS-0360 Professional & Legal Fees I-0312G -
IS-0365 Stationery I-0313G -
IS-0370 Subscriptions & Memberships I-0314G -
IS-0375 Telephone & Internet I-0315G -
IS-0380 Training I-0316G -
IS-0385 Travelling & Accommodation I-0317G -
IS-0390 Utilities I-0318G -
IS-0405 Salaries & Wages - Staff I-0401G -
IS-0410 Salaries & Wages - Management I-0402G -
IS-0505 Depreciation I-0501G -
IS-0510 Amortization I-0502G -
IS-0600 Interest Paid I-06G -
IS-0700 Taxation I-07G -
IS-0800 Other Expenses I-08G -
IS-0805 Foreign Exchange Loss I-08G -
IS-0810 Loss on Disposal of Assets I-08G -
IS-0900 Other Income I-09G -
IS-1000 Dividends I-10G -
BS-BB1 B1 Bank Account B-06G -
BS-BPC PC Petty Cash B-06G -
BS-BJC GL Journal Control B-06G -
BS-STG Inventory B-10G -
BS-RCG Trade Debtors B-08G -
BS-PAG Trade Creditors B-12G -
BS-RTG Retained Earnings B-21G -
End of list
Page 16 of 27
Monthly Trial Balance - Prior Year
© www.excel-skills.com - - - - - - - - - - - - -
Class Acc No Account Description Feb-2018 Mar-2018 Apr-2018 May-2018 Jun-2018 Jul-2018 Aug-2018 Sep-2018 Oct-2018 Nov-2018 Dec-2018 Jan-2019 Feb-2019
B-00G BS-0005 Land & Buildings - Cost - - - - - - - - - - - - -
B-00G BS-0010 Plant & Equipment - Cost - - - - - - - - - - - - -
B-00G BS-0015 Furniture & Fittings - Cost 50,000.00 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00 60,000.00 120,500.00 120,500.00 120,500.00
B-00G BS-0020 Office Equipment - Cost 54,000.00 54,000.00 54,000.00 54,000.00 54,000.00 54,000.00 54,000.00 54,000.00 54,000.00 54,000.00 63,250.00 63,250.00 63,250.00
B-00G BS-0025 Computer Equipment - Cost - - - - - - - - - - - - -
B-00G BS-0030 Other Assets - Cost - - - - - - - - - - - - -
B-01G BS-0105 Land & Buildings - Accum Depreciation - - - - - - - - - - - - -
B-01G BS-0110 Plant & Equipment - Accum Depreciation - - - On
On this
this sheet:
sheet:- - - - - - - - - -
AA complete
complete trial balance
balance for
trial -12,000.00 for the
the prior
prior financial
financial year
year should
should bebe included
included on
on this
this sheet.
sheet. TheThe balance
balance
B-01G BS-0115 Furniture & Fittings - Accum Depreciation -12,000.00 -12,000.00 -12,000.00 -12,000.00 -12,000.00 -12,000.00 -12,000.00 -12,000.00 -12,000.00 -12,000.00 -12,000.00 -22,000.00
sheet
sheet balances
balances at at the
the end
end of
of the
the year
year before
before the
the prior
prior financial
financial year
year also
also need
need toto be
be included
included in in the
the first
first
B-01G BS-0120 Office Equipment - Accum Depreciation -2,500.00
column
column (for
(for cash
cash flow-2,500.00
flow statement -2,500.00 purposes).
statement calculation
calculation -2,500.00
purposes). The -2,500.00
The formulas
formulas in
in column
column A A-2,500.00
need
need to to be
be copied-2,500.00
copied -2,500.00 -2,500.00 -2,500.00 -2,500.00 -2,500.00 -12,500.00
B-01G BS-0125 Computer Equipment - Accum Depreciation for
for all
all the
the- new
new accounts
accounts -thatthat are
are added
added to - this
to this sheet
sheet and
and- contain
contain the
the reporting
-
reporting class
class which -
which has
has been
been - - - - - - -
B-01G BS-0130 Other Assets - Accum Depreciation linked
linked to - each
to each account
account -on on the
the Key
Key sheet. - All
sheet. All the
the account
account- balances
balances on on this
this
- sheet
sheet areare automatically
automatically
- - - - - - - -
updated
updated to
to the
the income
income statement,
statement, cash
cash flow
flow statement
statement and
and balance
balance sheet
sheet reports
reports in
in the
the "Prior
"Prior Year"
Year"
B-02G BS-0205 Goodwill - Cost 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00
columns.
columns.
B-02G BS-0210 Trademarks - Cost - - - - - - - - - - - - -
B-02G BS-0215 Software - Cost - - - - - - - - - - - - -
B-03G BS-0305 Goodwill - Accum Amortization -10,000.00 -10,000.00 -10,000.00 -10,000.00 -10,000.00 -10,000.00 -10,000.00 -10,000.00 -10,000.00 -10,000.00 -10,000.00 -10,000.00 -20,000.00
B-03G BS-0310 Trademarks - Accum Amortization - - - - - - - - - - - - -
B-03G BS-0315 Software - Accum Amortization - - - - - - - - - - - - -
B-04G BS-0400 Investments 15,000.00 15,000.00 15,000.00 15,000.00 15,000.00 15,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 150,000.00
B-05G BS-0500 Loans & Advances - - - - - - - - - - 15,700.00 - 10,000.00
B-07G BS-0700 Cash On Hand 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
B-07G BS-0799 Cash Transfer Control - - - - - - - - - - - - -
B-09G BS-0900 Other Debtors - - - - - - - - - - - - -
B-09G BS-0905 Prepayments - - - - - - - 75,000.00 75,000.00 75,000.00 75,000.00 - 15,000.00
B-13G BS-1300 Accruals -68,000.00 -48,000.00 -48,000.00 -48,000.00 -48,000.00 -48,000.00 -48,000.00 -48,000.00 -48,000.00 -48,000.00 -61,700.00 -61,700.00 -61,700.00
B-13G BS-1305 Payroll Accruals -15,000.00 -15,000.00 -15,000.00 -15,000.00 -15,000.00 -15,000.00 -15,000.00 -15,000.00 -15,000.00 -15,000.00 -28,000.00 -15,000.00 -15,000.00
B-13G BS-1310 Interest Payable - - - - - - - - - - - - -
B-14G BS-1405 Dividends Payable - - - - - - - - - - - - -50,000.00
B-15G BS-1505 Provision For Taxation - - - - - - - - - - - - -
B-16G BS-1610 Provision For Bonuses - - - - - - - - - - - - -
B-17G BS-1700 Sales Tax Control -22,542.00 -44,216.38 -17,253.37 -37,773.12 -19,516.69 -40,460.38 -22,921.45 -41,055.01 -23,121.63 -31,092.34 -13,864.85 -32,000.34 -19,622.77
B-18G BS-1805 Long Term Loans - - - - - - - - - - - -200,000.00 -200,000.00
B-19G BS-1900 Reserves - - - - - - - - - - - - -
B-20G BS-2000 Shareholders' Contributions -100.00 -100.00 -100.00 -100.00 -100.00 -100.00 -100.00 -100.00 -100.00 -100.00 -100.00 -100.00 -100.00
I-01G IS-0105 Sales - Fruit Juice - -153,216.00 -302,940.00 -439,497.90 -612,368.40 -759,192.70 -924,159.35 -1,160,288.55 -1,308,040.65 -1,445,938.20 -1,714,300.20 -1,760,425.20 -2,014,708.25
I-01G IS-0110 Sales - Vegetable Juice - -99,288.00 -202,130.00 -289,818.00 -403,284.00 -501,693.50 -608,680.50 -771,363.00 -876,203.10 -968,032.80 -1,151,922.55 -1,144,066.05 -1,310,170.88
I-02G IS-0205 Cost of Sales - Fruit Juice - 72,185.72 142,607.39 205,923.78 286,818.41 356,589.11 432,000.68 542,776.36 610,519.80 678,409.40 805,616.56 830,828.61 1,005,771.53
I-02G IS-0210 Cost of Sales - Vegetable Juice - 45,763.20 93,178.40 133,522.55 186,248.71 232,164.04 280,877.92 355,440.40 400,931.88 441,647.67 524,913.86 521,602.61 637,755.26
I-02G IS-0299 Cost of Sales - Direct Costs - - - - - - - - - - - - -
I-0301G IS-0305 Accounting Fees - 1,500.00 3,000.00 4,500.00 6,000.00 7,500.00 9,000.00 10,500.00 12,000.00 13,500.00 15,000.00 16,500.00 18,000.00
I-0302G IS-0310 Advertising & Marketing - 10,000.00 20,000.00 30,000.00 40,000.00 50,000.00 60,000.00 70,000.00 80,000.00 140,000.00 150,000.00 160,000.00 170,000.00
I-0303G IS-0315 Bank Charges - 78.00 156.00 234.00 312.00 390.00 468.00 546.00 624.00 702.00 780.00 858.00 936.00
I-0304G IS-0320 Commission - - - - - - - - - - - - -
I-0305G IS-0325 Computer Expenses - - - - - - - - 7,210.00 7,210.00 7,210.00 7,210.00 7,210.00
I-0306G IS-0330 Consumables & Cleaning - - - - - - - - - - - - -
I-0307G IS-0335 Entertainment - - - - - - - - - - - - -
I-0308G IS-0340 Insurance - 285.00 570.00 855.00 1,140.00 1,425.00 1,710.00 1,995.00 2,280.00 2,565.00 2,850.00 3,135.00 3,420.00
I-0309G IS-0345 Office Expenses - 55.00 110.00 165.00 220.00 275.00 330.00 385.00 440.00 495.00 550.00 605.00 660.00
I-0310G IS-0350 Office Rent - 10,000.00 20,000.00 30,000.00 40,000.00 50,000.00 60,000.00 70,000.00 80,000.00 90,000.00 100,000.00 110,000.00 120,000.00
I-0311G IS-0355 Postage - - - - - - 325.00 325.00 325.00 325.00 452.00 452.00 452.00
I-0312G IS-0360 Professional & Legal Fees - - - - - - - - 36,250.00 36,250.00 36,250.00 36,250.00 36,250.00
I-0313G IS-0365 Stationery - 352.50 352.50 352.50 724.23 724.23 724.23 724.23 724.23 1,256.55 1,256.55 1,256.55 1,256.55
I-0314G IS-0370 Subscriptions & Memberships - - - - - 4,800.00 4,800.00 4,800.00 4,800.00 4,800.00 4,800.00 4,800.00 4,800.00
I-0315G IS-0375 Telephone & Internet - 625.35 1,250.70 1,876.05 2,501.40 3,126.75 3,752.10 4,377.45 5,002.80 5,628.15 6,253.50 6,878.85 7,504.20
I-0316G IS-0380 Training - - - - - - 1,520.75 1,520.75 1,520.75 1,520.75 1,520.75 1,520.75 1,520.75
I-0317G IS-0385 Travelling & Accommodation - - - - 2,102.22 2,102.22 2,102.22 2,102.22 2,102.22 2,102.22 2,102.22 4,589.34 4,589.34
I-0318G IS-0390 Utilities - - - - - - - - - - - - -
I-0401G IS-0405 Salaries & Wages - Staff - 33,500.00 67,000.00 100,500.00 134,000.00 167,500.00 201,000.00 234,500.00 268,000.00 301,500.00 368,500.00 402,000.00 435,500.00
I-0402G IS-0410 Salaries & Wages - Management - 36,220.00 72,440.00 108,660.00 144,880.00 181,100.00 217,320.00 253,540.00 289,760.00 325,980.00 362,200.00 398,420.00 434,640.00
Page 17 of 27
Monthly Trial Balance - Prior Year
© www.excel-skills.com - - - - - - - - - - - - -
Class Acc No Account Description Feb-2018 Mar-2018 Apr-2018 May-2018 Jun-2018 Jul-2018 Aug-2018 Sep-2018 Oct-2018 Nov-2018 Dec-2018 Jan-2019 Feb-2019
I-0501G IS-0505 Depreciation - - - - - - - - - - - - 20,000.00
I-0502G IS-0510 Amortization - - - - - - - - - - - - 10,000.00
I-06G IS-0600 Interest Paid - - - - - - - - - - - 1,897.00 3,785.00
I-07G IS-0700 Taxation - - - - - - 74,454.00 74,454.00 74,454.00 74,454.00 74,454.00 74,454.00 137,604.00
I-08G IS-0800 Other Expenses - - - - - - - - - - - - -
I-08G IS-0805 Foreign Exchange Loss - - - - - - - - - - - - -
I-08G IS-0810 Loss on Disposal of Assets - - - - - - - - - - - - -
I-09G IS-0900 Other Income - -1,500.00 -3,000.00 -4,500.00 -6,000.00 -7,500.00 -9,000.00 -10,500.00 -12,000.00 -13,500.00 -15,000.00 -16,500.00 -18,000.00
I-10G IS-1000 Dividends - - - - - - - - - - - - 50,000.00
B-06G BS-BB1 B1 Bank Account 115,250.75 91,031.37 141,522.42 175,351.49 225,179.08 283,408.75 140,904.64 246,919.09 234,418.77 254,986.03 242,219.00 396,884.29 214,236.58
B-06G BS-BB2 B2 Bank Account - - - - - - - - - - - - -
B-06G BS-BB3 B3 Bank Account - - - - - - - - - - - - -
B-06G BS-BPC PC Petty Cash 900.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
B-06G BS-BJC GL Journal Control - - - - - - - - - - - - -
B-10G BS-STG Inventory 89,626.84 156,168.82 135,367.09 148,666.54 136,672.13 134,214.00 131,105.99 107,751.56 99,373.23 158,764.37 190,913.32 203,664.54 210,414.01
B-08G BS-RCG Trade Debtors 99,582.41 88,013.47 82,284.43 84,913.06 88,350.91 90,886.80 100,101.61 92,177.10 100,686.46 109,146.96 96,306.75 107,836.65 166,882.35
B-12G BS-PAG Trade Creditors -82,654.00 -78,394.05 -85,351.56 -84,766.95 -84,816.00 -88,195.32 -73,571.84 -82,463.60 -82,893.76 -183,515.76 -148,646.91 -110,537.60 -107,571.67
B-21G BS-RTG Retained Earnings -312,564.00 -312,564.00 -312,564.00 -312,564.00 -312,564.00 -312,564.00 -312,564.00 -312,564.00 -312,564.00 -312,564.00 -312,564.00 -312,564.00 -312,564.00
Page 18 of 27
Monthly Trial Balance - Current Year
© www.excel-skills.com - - - - - - - - - - - -
Class Acc No Account Description Mar-2019 Apr-2019 May-2019 Jun-2019 Jul-2019 Aug-2019 Sep-2019 Oct-2019 Nov-2019 Dec-2019 Jan-2020 Feb-2020
B-00G BS-0005 Land & Buildings - Cost - - - - - - - - - - - -
B-00G BS-0010 Plant & Equipment - Cost - - - - - - - - - - - -
B-00G BS-0015 Furniture & Fittings - Cost 120,500.00 135,950.00 135,950.00 135,950.00 135,950.00 135,950.00 135,950.00 135,950.00 135,950.00 135,950.00 135,950.00 135,950.00
B-00G BS-0020 Office Equipment - Cost 63,250.00 63,250.00 63,250.00 63,250.00 63,250.00 63,250.00 63,250.00 63,250.00 63,250.00 63,250.00 63,250.00 73,450.00
B-00G BS-0025 Computer Equipment - Cost - - - - - - - - - - - -
B-00G BS-0030 Other Assets - Cost - - - - - - - - - - - -
B-01G BS-0105 Land & Buildings - Accum Depreciation - - - - - - - - - - - -
B-01G BS-0110 Plant & Equipment - Accum Depreciation - - - - - - - - - - - -
B-01G BS-0115 Furniture & Fittings - Accum Depreciation -22,000.00 -22,000.00 -22,000.00
On
On this sheet:-22,000.00
this sheet: -22,000.00 -22,000.00 -22,000.00 -22,000.00 -22,000.00 -22,000.00 -22,000.00 -40,232.00
B-01G BS-0120 Office Equipment - Accum Depreciation A
A complete
complete trial
-12,500.00 trial balance
balance for
for the
-12,500.00 the current
current financial
financial year
-12,500.00 year should
should be
-12,500.00 be included
-12,500.00on
included on this sheet.
this-12,500.00
sheet. -12,500.00 -12,500.00 -12,500.00 -12,500.00 -12,500.00 -24,690.00
The
The formulas
formulas in
in column
column A A need to be copied for for all
all the
the new accounts
accounts that are added to
B-01G BS-0125 Computer Equipment - Accum Depreciation - - need to be copied - new
- that
- are added to - - - - - - -
this
this sheet
sheet and
and contain
contain the
the reporting
reporting class
class which
which isis linked
linked to
to each
each account
account onon the
the Key
Key
B-01G BS-0130 Other Assets - Accum Depreciation sheet. - - - - - the income - - - - - - -
sheet. All
All the
the account
account balances
balances on on this
this sheet
sheet are
are automatically
automatically updated
updated to to the income
B-02G BS-0205 Goodwill - Cost statement,
100,000.00 cash flow statement
100,000.00 and balance
100,000.00 sheet reports
100,000.00 in the "Actual"
100,000.00
statement, cash flow statement and balance sheet reports in the "Actual" columns. columns.
100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00
B-02G BS-0210 Trademarks - Cost - - - - - - - - - - - -
B-02G BS-0215 Software - Cost - - - - - - - - - - - -
B-03G BS-0305 Goodwill - Accum Amortization -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -30,000.00
B-03G BS-0310 Trademarks - Accum Amortization - - - - - - - - - - - -
B-03G BS-0315 Software - Accum Amortization - - - - - - - - - - - -
B-04G BS-0400 Investments 150,000.00 150,000.00 150,000.00 150,000.00 150,000.00 180,750.00 180,750.00 180,750.00 180,750.00 180,750.00 180,750.00 200,750.00
B-05G BS-0500 Loans & Advances - - - - - - - - - 15,700.00 - 10,000.00
B-07G BS-0700 Cash On Hand 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
B-07G BS-0799 Cash Transfer Control - - - - - - - - - - - -
B-09G BS-0900 Other Debtors - - - - - - - - - - - -
B-09G BS-0905 Prepayments 15,000.00 - - - - - - - - - - 20,000.00
B-13G BS-1300 Accruals -61,700.00 -61,700.00 -61,700.00 -61,700.00 -61,700.00 -61,700.00 -61,700.00 -61,700.00 -61,700.00 -61,700.00 -61,700.00 -111,700.00
B-13G BS-1305 Payroll Accruals -19,300.00 -19,300.00 -19,300.00 -19,300.00 -19,300.00 -19,300.00 -19,300.00 -19,300.00 -19,300.00 -35,000.00 -19,300.00 -19,300.00
B-13G BS-1310 Interest Payable - - - - - - - - - - - -
B-14G BS-1405 Dividends Payable - - - - - - - - - - - -78,500.00
B-15G BS-1505 Provision For Taxation - - - - - - - - - - - -
B-16G BS-1610 Provision For Bonuses - - - - - - - - - - - -
B-17G BS-1700 Sales Tax Control -52,638.55 -21,040.70 -43,922.24 -24,395.87 -45,977.70 -25,754.44 -50,685.20 -27,201.91 -37,917.49 -17,117.10 -38,095.65 -24,225.65
B-18G BS-1805 Long Term Loans -197,417.26 -194,812.99 -192,187.02 -189,539.17 -186,869.25 -184,177.08 -181,462.48 -178,725.26 -175,965.23 -173,182.20 -219,730.29 -216,249.61
B-19G BS-1900 Reserves - - - - - - - - - - - -
B-20G BS-2000 Shareholders' Contributions -100.00 -100.00 -100.00 -100.00 -100.00 -100.00 -100.00 -100.00 -100.00 -100.00 -100.00 -100.00
I-01G IS-0105 Sales - Fruit Juice -182,400.00 -356,400.00 -542,590.00 -729,010.00 -914,690.00 -1,113,445.00 -1,303,695.00 -1,503,495.00 -1,721,355.00 -1,926,180.00 -2,146,860.00 -2,370,245.00
I-01G IS-0110 Sales - Vegetable Juice -118,200.00 -237,800.00 -357,800.00 -480,100.00 -604,450.00 -733,350.00 -866,700.00 -1,007,130.00 -1,152,420.00 -1,294,295.00 -1,395,202.50 -1,541,377.50
I-02G IS-0205 Cost of Sales - Fruit Juice 85,935.38 167,773.40 254,226.88 341,450.49 429,625.43 520,482.75 609,861.08 701,746.90 807,630.23 905,187.15 1,013,205.62 1,123,709.33
I-02G IS-0210 Cost of Sales - Vegetable Juice 54,480.00 109,621.65 164,842.65 221,724.65 279,715.71 338,407.13 399,371.23 460,841.24 525,771.03 589,790.86 636,100.74 703,241.48
I-02G IS-0299 Cost of Sales - Direct Costs - - - - - - - - - - - -
I-0301G IS-0305 Accounting Fees 2,000.00 4,000.00 6,000.00 8,000.00 10,000.00 12,000.00 14,000.00 16,000.00 18,000.00 20,000.00 22,000.00 24,000.00
I-0302G IS-0310 Advertising & Marketing 10,000.00 34,800.00 45,820.00 56,320.00 67,170.00 78,570.00 89,170.00 99,520.00 109,760.00 120,340.00 131,543.00 143,643.00
I-0303G IS-0315 Bank Charges 80.00 180.00 280.00 380.00 480.00 580.00 680.00 780.00 880.00 980.00 1,080.00 1,180.00
I-0304G IS-0320 Commission - - 5,000.00 5,000.00 5,000.00 9,000.00 9,000.00 9,000.00 12,850.00 12,850.00 12,850.00 27,850.00
I-0305G IS-0325 Computer Expenses - 2,173.91 2,173.91 2,173.91 2,173.91 2,173.91 2,173.91 2,913.04 2,913.04 3,476.52 3,476.52 3,476.52
I-0306G IS-0330 Consumables & Cleaning - - - - 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00 2,500.00
I-0307G IS-0335 Entertainment - - - - - - - - - - - -
I-0308G IS-0340 Insurance 320.00 640.00 960.00 1,280.00 1,600.00 1,920.00 2,240.00 2,560.00 2,880.00 3,200.00 3,520.00 3,840.00
I-0309G IS-0345 Office Expenses 78.95 154.60 211.12 306.77 331.99 399.82 478.08 667.64 756.34 839.82 931.12 996.34
I-0310G IS-0350 Office Rent 12,000.00 24,000.00 36,000.00 48,000.00 60,000.00 72,000.00 84,000.00 96,000.00 108,000.00 120,000.00 132,000.00 144,000.00
I-0311G IS-0355 Postage 419.30 419.30 419.30 419.30 419.30 419.30 419.30 419.30 419.30 523.65 523.65 523.65
I-0312G IS-0360 Professional & Legal Fees - - - - - - 5,652.17 5,652.17 5,652.17 5,652.17 5,652.17 5,652.17
I-0313G IS-0365 Stationery - - 853.91 853.91 1,515.65 1,719.13 1,719.13 1,970.43 1,970.43 2,240.00 2,240.00 2,491.30
I-0314G IS-0370 Subscriptions & Memberships - - - - 5,200.00 5,200.00 5,200.00 5,200.00 5,200.00 5,200.00 5,200.00 5,200.00
I-0315G IS-0375 Telephone & Internet 736.84 1,475.97 2,215.10 2,954.23 3,693.36 4,432.49 5,171.62 5,910.76 6,649.89 7,389.02 8,128.15 8,867.28
Page 19 of 27
Monthly Trial Balance - Current Year
I-0316G IS-0380 Training - - 1,086.96 1,086.96 1,086.96 1,086.96 2,217.39 2,217.39 2,217.39 2,217.39 4,043.48 4,043.48
I-0317G IS-0385 Travelling & Accommodation 105.26 105.26 966.13 2,792.22 2,792.22 4,983.52 9,870.48 13,705.26 13,705.26 13,705.26 13,705.26 13,705.26
I-0318G IS-0390 Utilities - - - - - - - - - - - -
I-0401G IS-0405 Salaries & Wages - Staff 42,200.00 84,400.00 126,600.00 168,800.00 211,000.00 253,200.00 295,400.00 337,600.00 379,800.00 464,200.00 506,400.00 548,600.00
I-0402G IS-0410 Salaries & Wages - Management 54,320.00 108,640.00 162,960.00 217,280.00 271,600.00 325,920.00 380,240.00 434,560.00 488,880.00 577,080.00 631,400.00 685,720.00
I-0501G IS-0505 Depreciation - - - - - - - - - - - 30,422.00
I-0502G IS-0510 Amortization - - - - - - - - - - - 10,000.00
I-06G IS-0600 Interest Paid 1,666.67 3,311.81 4,935.25 6,536.81 8,116.30 9,673.54 11,208.35 12,720.54 14,209.92 15,676.30 17,536.15 19,367.24
I-07G IS-0700 Taxation - - - - - 59,975.72 59,975.72 59,975.72 59,975.72 59,975.72 59,975.72 122,135.72
I-08G IS-0800 Other Expenses - - - - - - - - - - - -
I-08G IS-0805 Foreign Exchange Loss - - - - - - - - - - - -
I-08G IS-0810 Loss on Disposal of Assets - - - - - - - - - - - -
I-09G IS-0900 Other Income -1,860.01 -3,360.66 -5,130.89 -7,141.10 -9,721.33 -12,072.57 -14,306.78 -17,002.67 -19,929.92 -21,867.37 -24,333.60 -27,605.85
I-10G IS-1000 Dividends - - - - - - - - - - - 78,500.00
B-06G BS-BB1 B1 Bank Account 182,255.49 200,678.03 246,882.37 266,350.62 329,007.96 253,353.58 349,960.72 407,910.11 513,939.10 381,903.70 409,162.17 256,895.25
B-06G BS-BB3 B3 Bank Account - - 5,200.00 4,180.00 3,680.00 2,830.00 1,430.00 6,830.00 6,480.00 6,240.00 5,660.00 9,457.00
B-06G BS-BPC PC Petty Cash 1,000.00 1,000.00 1,000.00 990.00 990.00 990.00 1,000.00 1,000.00 1,000.00 1,000.00 995.00 995.00
B-06G BS-BJC GL Journal Control - - - - - - - - - - - -
B-10G BS-STG Inventory 256,856.62 241,726.95 232,291.46 219,025.85 217,879.86 204,853.11 187,068.68 174,952.87 279,514.74 336,115.00 348,740.65 341,581.19
B-08G BS-RCG Trade Debtors 150,708.00 140,898.00 147,418.50 153,387.00 153,525.00 160,419.25 157,837.50 161,356.50 174,915.00 160,511.25 179,727.75 278,137.25
B-12G BS-PAG Trade Creditors -110,104.00 -124,057.50 -121,791.60 -117,800.00 -129,699.00 -114,956.00 -121,270.00 -124,840.00 -276,379.15 -232,260.80 -172,715.00 -154,557.00
B-21G BS-RTG Retained Earnings -543,788.50 -543,788.50 -543,788.50 -543,788.50 -543,788.50 -543,788.50 -543,788.50 -543,788.50 -543,788.50 -543,788.50 -543,788.50 -543,788.50
Page 20 of 27
Monthly Forecast
B-00G BS-0005 Land & Buildings - Cost - - - - - - - - - - - -
B-00G BS-0010 Plant & Equipment - Cost - - - - - - - - - - - -
B-00G BS-0015 Furniture & Fittings - Cost 120,500.00 136,000.00 136,000.00 136,000.00 136,000.00 136,000.00 136,000.00 136,000.00 136,000.00 136,000.00 136,000.00 136,000.00
B-00G BS-0020 Office Equipment - Cost 63,250.00 63,250.00 63,250.00 63,250.00 63,250.00 63,250.00 63,250.00 63,250.00 63,250.00 63,250.00 63,250.00 73,000.00
B-00G BS-0025 Computer Equipment - Cost - - - - - - - - - - - -
B-00G BS-0030 Other Assets - Cost - - - - - - - - - - - -
B-01G BS-0105 Land & Buildings - Accum Depreciation - - - - - - - - - - - -
B-01G BS-0110 Plant & Equipment - Accum Depreciation - - On
On this
-this sheet:
sheet: - - - - - - - - -
B-01G BS-0115 Furniture & Fittings - Accum Depreciation AA monthly
monthly forecast
-22,000.00 forecast for
for the
the current
-22,000.00 current financial
financial year
-22,000.00 year should
should be
-22,000.00be included
included on
on this
-22,000.00this sheet.
sheet. The
The
-22,000.00 -22,000.00 -22,000.00 -22,000.00 -22,000.00 -22,000.00 -40,000.00
formulas
formulas in
in column
column AA need
need toto be
be copied
copied for
for all
all the
the new
new accounts that
that are
accounts-12,500.00 are added
added toto this
this
B-01G BS-0120 Office Equipment - Accum Depreciation -12,500.00 -12,500.00 -12,500.00 -12,500.00 -12,500.00 -12,500.00 -12,500.00 -12,500.00 -12,500.00 -12,500.00 -24,500.00
sheet and contain the reporting class which is linked to each account
sheet and contain the reporting class which is linked to each account on the Key sheet. on the Key sheet.
B-01G BS-0125 Computer Equipment - Accum Depreciation All -
the account balances- on this -
sheet are automatically- updated
All the account balances on this sheet are automatically updated to the income to -
the income - - - - - - -
B-01G BS-0130 Other Assets - Accum Depreciation statement,- cash
statement, cash flow
flow statement
-
statement and
and balance
-
balance sheet
sheet reports - in
reports in the
the "Forecast"
-
"Forecast" columns.
columns. - - - - - - -
B-02G BS-0205 Goodwill - Cost 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00 100,000.00
B-02G BS-0210 Trademarks - Cost - - - - - - - - - - - -
B-02G BS-0215 Software - Cost - - - - - - - - - - - -
B-03G BS-0305 Goodwill - Accum Amortization -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -30,000.00
B-03G BS-0310 Trademarks - Accum Amortization - - - - - - - - - - - -
B-03G BS-0315 Software - Accum Amortization - - - - - - - - - - - -
B-04G BS-0400 Investments 150,000.00 150,000.00 150,000.00 150,000.00 150,000.00 150,000.00 150,000.00 150,000.00 200,000.00 200,000.00 200,000.00 200,000.00
B-05G BS-0500 Loans & Advances - - - - - - - - - - - -
B-07G BS-0700 Cash On Hand 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
B-07G BS-0799 Cash Transfer Control - - - - - - - - - - - -
B-09G BS-0900 Other Debtors - - - - - - - - - - - -
B-09G BS-0905 Prepayments - - - - - - - - - - - -
B-13G BS-1300 Accruals -60,000.00 -60,000.00 -60,000.00 -60,000.00 -60,000.00 -60,000.00 -60,000.00 -60,000.00 -80,000.00 -80,000.00 -80,000.00 -80,000.00
B-13G BS-1305 Payroll Accruals -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00 -20,000.00
B-13G BS-1310 Interest Payable - - - - - - - - - - - -
B-14G BS-1405 Dividends Payable - - - - - - - - - - - -50,000.00
B-15G BS-1505 Provision For Taxation - - - - - - - - - - - -
B-16G BS-1610 Provision For Bonuses - - - - - - - - - - - -
B-17G BS-1700 Sales Tax Control -40,000.00 -20,000.00 -40,000.00 -20,000.00 -40,000.00 -20,000.00 -40,000.00 -20,000.00 -40,000.00 -20,000.00 -40,000.00 -20,000.00
B-18G BS-1805 Long Term Loans -197,400.00 -194,800.00 -192,200.00 -189,600.00 -187,000.00 -184,400.00 -181,800.00 -179,200.00 -176,600.00 -174,000.00 -171,400.00 -168,800.00
B-19G BS-1900 Reserves - - - - - - - - - - - -
B-20G BS-2000 Shareholders' Contributions -100.00 -100.00 -100.00 -100.00 -100.00 -100.00 -100.00 -100.00 -100.00 -100.00 -100.00 -100.00
I-01G IS-0105 Sales - Fruit Juice -190,000.00 -380,000.00 -570,000.00 -760,000.00 -950,000.00 -1,140,000.00 -1,330,000.00 -1,520,000.00 -1,710,000.00 -1,900,000.00 -2,090,000.00 -2,280,000.00
I-01G IS-0110 Sales - Vegetable Juice -125,000.00 -250,000.00 -375,000.00 -500,000.00 -625,000.00 -750,000.00 -875,000.00 -1,000,000.00 -1,125,000.00 -1,250,000.00 -1,375,000.00 -1,500,000.00
I-02G IS-0205 Cost of Sales - Fruit Juice 90,000.00 180,000.00 270,000.00 360,000.00 450,000.00 540,000.00 630,000.00 720,000.00 810,000.00 900,000.00 990,000.00 1,080,000.00
I-02G IS-0210 Cost of Sales - Vegetable Juice 55,000.00 110,000.00 165,000.00 220,000.00 275,000.00 330,000.00 385,000.00 440,000.00 495,000.00 550,000.00 605,000.00 660,000.00
I-02G IS-0299 Cost of Sales - Direct Costs - - - - - - - - - - - -
I-0301G IS-0305 Accounting Fees 2,000.00 4,000.00 6,000.00 8,000.00 10,000.00 12,000.00 14,000.00 16,000.00 18,000.00 20,000.00 22,000.00 24,000.00
I-0302G IS-0310 Advertising & Marketing 10,000.00 20,000.00 30,000.00 40,000.00 50,000.00 60,000.00 70,000.00 80,000.00 90,000.00 100,000.00 110,000.00 120,000.00
I-0303G IS-0315 Bank Charges 100.00 200.00 300.00 400.00 500.00 600.00 700.00 800.00 900.00 1,000.00 1,100.00 1,200.00
I-0304G IS-0320 Commission 3,000.00 6,000.00 9,000.00 12,000.00 15,000.00 18,000.00 21,000.00 24,000.00 27,000.00 30,000.00 33,000.00 36,000.00
I-0305G IS-0325 Computer Expenses 500.00 1,000.00 1,500.00 2,000.00 2,500.00 3,000.00 3,500.00 4,000.00 4,500.00 5,000.00 5,500.00 6,000.00
I-0306G IS-0330 Consumables & Cleaning 200.00 400.00 600.00 800.00 1,000.00 1,200.00 1,400.00 1,600.00 1,800.00 2,000.00 2,200.00 2,400.00
I-0307G IS-0335 Entertainment - - - - - - - - - - - -
I-0308G IS-0340 Insurance 350.00 700.00 1,050.00 1,400.00 1,750.00 2,100.00 2,450.00 2,800.00 3,150.00 3,500.00 3,850.00 4,200.00
I-0309G IS-0345 Office Expenses 100.00 200.00 300.00 400.00 500.00 600.00 700.00 800.00 900.00 1,000.00 1,100.00 1,200.00
I-0310G IS-0350 Office Rent 12,000.00 24,000.00 36,000.00 48,000.00 60,000.00 72,000.00 84,000.00 96,000.00 108,000.00 120,000.00 132,000.00 144,000.00
I-0311G IS-0355 Postage 50.00 100.00 150.00 200.00 250.00 300.00 350.00 400.00 450.00 500.00 550.00 600.00
I-0312G IS-0360 Professional & Legal Fees - - - - - - - - - - - -
I-0313G IS-0365 Stationery 300.00 300.00 300.00 300.00 300.00 300.00 300.00 300.00 300.00 300.00 300.00 300.00
I-0314G IS-0370 Subscriptions & Memberships - - - - 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00 5,500.00
I-0315G IS-0375 Telephone & Internet 800.00 1,600.00 2,400.00 3,200.00 4,000.00 4,800.00 5,600.00 6,400.00 7,200.00 8,000.00 8,800.00 9,600.00
Page 21 of 27
Monthly Forecast
I-0316G IS-0380 Training 400.00 800.00 1,200.00 1,600.00 2,000.00 2,400.00 2,800.00 3,200.00 3,600.00 4,000.00 4,400.00 4,800.00
I-0317G IS-0385 Travelling & Accommodation - - - - 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 5,000.00 10,000.00 10,000.00
I-0318G IS-0390 Utilities - - - - - - - - - - - -
I-0401G IS-0405 Salaries & Wages - Staff 45,000.00 90,000.00 135,000.00 180,000.00 225,000.00 270,000.00 315,000.00 360,000.00 405,000.00 450,000.00 495,000.00 540,000.00
I-0402G IS-0410 Salaries & Wages - Management 57,500.00 115,000.00 172,500.00 230,000.00 287,500.00 345,000.00 402,500.00 460,000.00 517,500.00 575,000.00 632,500.00 690,000.00
I-0501G IS-0505 Depreciation - - - - - - - - - - - 30,000.00
I-0502G IS-0510 Amortization - - - - - - - - - - - 10,000.00
I-06G IS-0600 Interest Paid 1,650.00 3,300.00 4,950.00 6,600.00 8,250.00 9,900.00 11,550.00 13,200.00 14,850.00 16,500.00 18,150.00 19,800.00
I-07G IS-0700 Taxation - - - - - 62,000.00 62,000.00 62,000.00 62,000.00 62,000.00 62,000.00 115,000.00
I-08G IS-0800 Other Expenses - - - - - - - - - - - -
I-08G IS-0805 Foreign Exchange Loss - - - - - - - - - - - -
I-08G IS-0810 Loss on Disposal of Assets - - - - - - - - - - - -
I-09G IS-0900 Other Income -2,500.00 -5,000.00 -7,500.00 -10,000.00 -12,500.00 -15,000.00 -17,500.00 -20,000.00 -22,500.00 -25,000.00 -27,500.00 -30,000.00
I-10G IS-1000 Dividends - - - - - - - - - - - 50,000.00
B-06G BS-BB2 B2 Bank Account - - - - - - - - - - - -
B-06G BS-BB3 B3 Bank Account - - - - - - - - - - - -
B-06G BS-BPC PC Petty Cash 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00 1,000.00
B-06G BS-BJC GL Journal Control - - - - - - - - - - - -
B-10G BS-STG Inventory 250,000.00 250,000.00 250,000.00 250,000.00 250,000.00 250,000.00 250,000.00 250,000.00 300,000.00 300,000.00 300,000.00 300,000.00
B-08G BS-RCG Trade Debtors 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 200,000.00 220,000.00 220,000.00 220,000.00 220,000.00
B-12G BS-PAG Trade Creditors -120,000.00 -120,000.00 -120,000.00 -120,000.00 -120,000.00 -120,000.00 -120,000.00 -120,000.00 -120,000.00 -120,000.00 -120,000.00 -120,000.00
B-21G BS-RTG Retained Earnings -543,788.50 -543,788.50 -543,788.50 -543,788.50 -543,788.50 -543,788.50 -543,788.50 -543,788.50 -543,788.50 -543,788.50 -543,788.50 -543,788.50
Page 22 of 27
Income statement for the period ended 29 February 2020
© www.excel-skills.com Current Month Year-to-Date
Forecast Actual Diff Diff% Prior Year Forecast Actual Diff Diff% Prior Year
Turnover 315,000 369,560 54,560 17.3% 420,388 3,780,000 3,911,623 131,623 3.5% 3,324,879
Cost of Sales 145,000 177,644 (32,644) (22.5%) 291,096 1,740,000 1,826,951 (86,951) (5.0%) 1,643,527
Gross profit 170,000 191,916 21,916 12.9% 129,292 2,040,000 2,084,672 44,672 2.2% 1,681,352
Gross profit % 54.0% 51.9% (2.0%) 30.8% 54.0% 53.3% (0.7%) 50.6%
Other Income 2,500 3,272 772 30.9% 1,500 30,000 27,606 (2,394) (8.0%) 18,000
Expenses 172,000 179,518 (7,518) (4.4%) 122,263 1,639,800 1,666,711 (26,911) (1.6%) 1,276,739
Accounting Fees 2,000 2,000 - - 1,500 24,000 24,000 - - 18,000
Advertising & Marketing 10,000 12,100 (2,100) (21.0%) 10,000 120,000 143,643 (23,643) (19.7%) 170,000
Amortization 10,000 10,000 - - 10,000 10,000 10,000 - - 10,000
On
On this
this sheet:
sheet:-
Bank Charges 100 100 - 78 1,200 1,180 20 1.7% 936
This
This income
income statement
statement is is automatically
automatically calculated
calculated based
based onon the
the reporting
reporting periods
periods that
that
Commission are 3,000 15,000 (12,000) the account
(400.0%) - 36,000 27,850 8,150 22.6% -
are specified
specified on
on the
the Setup
Setup sheet
sheet and
and the account balances
balances onon the
the trial
trial balances
balances andand
Computer Expenses forecast
forecast sheets.
sheets. The
500 The reporting
-
reporting classes
500 that
classes that are applicable
applicable to
100.0%
are to each
each- line
line has
has been
6,000included
been included 3,477 2,523 42.1% 7,210
Consumables & Cleaning 200 in
in-column
column A.A. This
This sheet
200 requires
requires no
sheet100.0% no user
user input.
input.
- 2,400 2,500 (100) (4.2%) -
Depreciation 30,000 30,422 (422) (1.4%) 20,000 30,000 30,422 (422) (1.4%) 20,000
Entertainment - - - - - - - - - -
Insurance 350 320 30 8.6% 285 4,200 3,840 360 8.6% 3,420
Office Expenses 100 65 35 34.8% 55 1,200 996 204 17.0% 660
Office Rent 12,000 12,000 - - 10,000 144,000 144,000 - - 120,000
Postage 50 - 50 100.0% - 600 524 76 12.7% 452
Professional & Legal Fees - - - - - - 5,652 (5,652) (100.0%) 36,250
Salaries & Wages - Staff 45,000 42,200 2,800 6.2% 33,500 540,000 548,600 (8,600) (1.6%) 435,500
Salaries & Wages - Management 57,500 54,320 3,180 5.5% 36,220 690,000 685,720 4,280 0.6% 434,640
Stationery - 251 (251) (100.0%) - 300 2,491 (2,191) (730.4%) 1,257
Subscriptions & Memberships - - - - - 5,500 5,200 300 5.5% 4,800
Telephone & Internet 800 739 61 7.6% 625 9,600 8,867 733 7.6% 7,504
Training 400 - 400 100.0% - 4,800 4,043 757 15.8% 1,521
Travelling & Accommodation - - - - - 10,000 13,705 (3,705) (37.1%) 4,589
Utilities - - - - - - - - - -
Other Expenses - - - - - - - - - -
Profit / (Loss) before interest & tax 500 15,670 15,170 3,034.0% 8,529 430,200 445,567 15,367 3.6% 422,613
Interest Paid 1,650 1,831 (181) (11.0%) 1,888 19,800 19,367 433 2.2% 3,785
Profit / (Loss) before tax (1,150) 13,839 14,989 1,303.4% 6,641 410,400 426,199 15,799 3.8% 418,828
Taxation Paid 53,000 62,160 (9,160) (17.3%) 63,150 115,000 122,136 (7,136) (6.2%) 137,604
Profit / (Loss) for the period (54,150) (48,321) 5,829 10.8% (56,509) 295,400 304,064 8,664 2.9% 281,224
Retained Earnings - beginning of period 893,339 896,173 2,835 0.3% 650,298 543,789 543,789 - - 312,564
Dividends Paid 50,000 78,500 (28,500) (57.0%) 50,000 50,000 78,500 (28,500) (57.0%) 50,000
Retained earnings at end of period 789,189 769,352 (19,836) (2.5%) 543,788 789,189 769,352 (19,836) (2.5%) 543,788
Page 23 of 27
Statement of cash flows for the period ended 29 February 2020
Cash flows from operating activities
Profit / (Loss) for the period (54,150) (48,321) 5,829 10.8% (56,509) 295,400 304,064 8,664 2.9% 281,224
Interest Paid 1,650 1,831 181 11.0% 1,888 19,800 19,367 (433) (2.2%) 3,785
Taxation Paid 53,000 62,160 9,160 17.3% 63,150 115,000 122,136 7,136 6.2% 137,604
Adjustment for non-cash expenses:
Depreciation 30,000 30,422 422 1.4% 20,000 30,000 30,422 422 1.4% 20,000
Amortization 10,000 10,000 - - 10,000 10,000 10,000 - - 10,000
Provisions - - - - - - - - - -
Reserves - - - - - - - - - -
Retained Earnings - - On
-On this
this sheet:
sheet: - 0 0 0 0 - 0
Changes in operating assets & liabilities
This
This cash
cash flow
flow statement
statement is is automatically
automatically calculated
calculated based
based on
on the
the income
income
statement
statement and
and balance
balance sheet
sheet balances
balances onon the
the IS
IS and
and BS
BS sheets.
sheets. The
The reporting
reporting
Inventory classes - 7,159 7,159 (100.0%)included(6,749) (89,586) (131,167) (41,581) (46.4%) (120,787)
classes that
that are
are applicable
applicable to
to each
each line
line has
has been
been included in in column
column A.A. This
This sheet
sheet
Trade Debtors - (98,409) (98,409)
requires no (100.0%)
user input.
requires no user input. (59,046) (53,118) (111,255) (58,137) (109.4%) (67,300)
Loans & Advances - (10,000) (10,000) (100.0%) (10,000) 10,000 - (10,000) (100.0%) (10,000)
Other Debtors - (20,000) (20,000) (100.0%) (15,000) 15,000 (5,000) (20,000) (133.3%) (15,000)
Cash On Hand - - - - - - - - - -
Trade Creditors - (18,158) (18,158) (100.0%) (2,966) 12,428 46,985 34,557 278.1% 24,918
Accruals - 50,000 50,000 (100.0%) - 23,300 54,300 31,000 133.0% (6,300)
Sales Tax (20,000) (13,870) 6,130 30.7% (12,378) 377 4,603 4,226 1,120.2% (2,919)
Cash generated from operations 20,500 (47,186) (67,686) (330.2%) (67,610) 388,602 344,455 (44,147) (11.4%) 255,225
Interest Paid (1,650) (1,831) (181) (11.0%) (1,888) (19,800) (19,367) 433 2.2% (3,785)
Taxation Paid (53,000) (62,160) (9,160) (17.3%) (63,150) (115,000) (122,136) (7,136) (6.2%) (137,604)
Net cash from operating activities (34,150) (111,177) (77,027) (225.6%) (132,648) 253,802 202,952 (50,850) (20.0%) 113,836
Cash flows from investing activities
Property, Plant & Equipment - Cost (9,750) (10,200) (450) (4.6%) - (25,250) (25,650) (400) (1.6%) (79,750)
Intangible Assets - Cost - - - - - - - - - -
Investments - (20,000) (20,000) (100.0%) (50,000) (50,000) (50,750) (750) (1.5%) (135,000)
Net cash used in investing activities (9,750) (30,200) (20,450) (209.7%) (50,000) (75,250) (76,400) (1,150) (1.5%) (214,750)
Cash flows from financing activities
Shareholders' Contributions - - - - - - - - -
Dividends Paid - - - - - (50,000) (50,000) - - -
Long Term Liabilities (2,600) (3,481) (881) (33.9%) - (31,200) 16,250 47,450 152.1% 200,000
Net cash used in financing activities (2,600) (3,481) (881) (33.9%) - (81,200) (33,750) 47,450 58.4% 200,000
Increase / (Decrease) in cash equivalents (46,500) (144,858) (98,358) (211.5%) (182,648) 97,352 92,801 (4,551) (4.7%) 99,086
Cash equivalents at beginning of period 359,089 452,896 93,807 26.1% 397,884 215,237 215,237 - - 116,151
Cash equivalents at end of period 312,589 308,038 (4,551) (1.5%) 215,237 312,589 308,038 (4,551) (1.5%) 215,237
Page 24 of 27
Balance sheet at 29 February 2020
ASSETS
Non-Current Assets
Property, Plant & Equipment - Cost 209,000 209,400 400 0.2% 183,750 209,000 209,400 400 0.2% 183,750
Property, Plant & Equipment - Accum Dep (64,500) (64,922) (422) (0.7%) (34,500) (64,500) (64,922) (422) (0.7%) (34,500)
Intangible Assets - Cost 100,000 100,000 - - 100,000 100,000 100,000 - - 100,000
Intangible Assets - Amortization (30,000) (30,000) - - (20,000) (30,000) (30,000) - - (20,000)
Investments 200,000 200,750 750 0.4% 150,000 200,000 200,750 750 0.4% 150,000
414,500 415,228 728 0.2% 379,250 414,500 415,228 728 0.2% 379,250
Current Assets On
On this
this sheet:
sheet:
This
This balance
balance sheet
sheet is
is automatically
automatically calculated based
based on the
the reporting
reporting periods that are
Inventory 300,000 341,581 41,581 calculated
13.9% on210,414 periods
300,000 that are341,581 41,581 13.9% 210,414
specified
specified on
on the
the Setup
Setup sheet
sheet and
and the
the account
account balances
balances onon the
the trial
trial balances
balances and
and forecast
forecast
Trade Debtors 220,000 278,137 58,137 26.4% 166,882 220,000
sheets.
sheets. The
The reporting
reporting classes
classes that
that are
are applicable
applicable to
to each
each line
line has
has been
been included
included inin 278,137 58,137 26.4% 166,882
Loans & Advances - 10,000column A. This
10,000 sheet requires
(100.0%) no user input.
10,000
column A. This sheet requires no user input. - 10,000 10,000 (100.0%) 10,000
Other Debtors - 20,000 20,000 (100.0%) 15,000 - 20,000 20,000 (100.0%) 15,000
Bank Accounts 312,589 308,038 (4,551) (1.5%) 215,237 312,589 308,038 (4,551) (1.5%) 215,237
Cash On Hand 1,000 1,000 - - 1,000 1,000 1,000 - - 1,000
833,589 958,756 125,168 15.0% 618,533 833,589 958,756 125,168 15.0% 618,533
Total Assets 1,248,089 1,373,984 125,896 10.1% 997,783 1,248,089 1,373,984 125,896 10.1% 997,783
EQUITY & LIABILITIES
Equity
Shareholders' Contributions 100 100 - - 100 100 100 - - 100
Reserves - - - - - - - - - -
Retained Earnings 789,189 769,352 (19,836) (2.5%) 543,788 789,189 769,352 (19,836) (2.5%) 543,788
789,289 769,452 (19,836) (2.5%) 543,888 789,289 769,452 (19,836) (2.5%) 543,888
Non-Current Liabilities
Long Term Liabilities 168,800 216,250 47,450 28.1% 200,000 168,800 216,250 47,450 28.1% 200,000
168,800 216,250 47,450 28.1% 200,000 168,800 216,250 47,450 28.1% 200,000
Current Liabilities
Bank Overdraft - - - - - - - - - -
Trade Creditors 120,000 154,557 34,557 28.8% 107,572 120,000 154,557 34,557 28.8% 107,572
Accruals 100,000 131,000 31,000 31.0% 76,700 100,000 131,000 31,000 31.0% 76,700
Sales Tax 20,000 24,226 4,226 21.1% 19,623 20,000 24,226 4,226 21.1% 19,623
Other Provisions - - - - - - - - - -
Dividends Payable 50,000 78,500 28,500 57.0% 50,000 50,000 78,500 28,500 57.0% 50,000
Provision for Taxation - - - - - - - - - -
290,000 388,283 98,283 33.9% 253,894 290,000 388,283 98,283 33.9% 253,894
Total Liabilities 458,800 604,532 145,732 31.8% 453,894 458,800 604,532 145,732 31.8% 453,894
Total Equity & Liabilities 1,248,089 1,373,984 125,896 10.1% 997,783 1,248,089 1,373,984 125,896 10.1% 997,783
Page 25 of 27
Monthly Income Statement
Mar-2019 Apr-2019 May-2019 Jun-2019 Jul-2019 Aug-2019 Sep-2019 Oct-2019 Nov-2019 Dec-2019 Jan-2020 Feb-2020 Total
Turnover 300,600 293,600 306,190 308,720 310,030 327,655 323,600 340,230 363,150 346,700 321,588 369,560 3,911,623
Cost of Sales 140,415 136,980 141,674 144,106 146,166 149,549 150,342 153,356 170,813 161,577 154,328 177,644 1,826,951
Gross profit 160,185 156,620 164,516 164,614 163,864 178,106 173,258 186,874 192,337 185,123 167,259 191,916 2,084,672
Gross profit % 53.3% 53.3% 53.7% 53.3% 52.9% 54.4% 53.5% 54.9% 53.0% 53.4% 52.0% 51.9% 53.3%
Other Income 1,860 1,501 1,770 2,010 2,580 2,351 2,234 2,696 2,927 1,937 2,466 3,272 27,606
Expenses 122,260 138,729 130,557 124,101 130,916 129,542 134,027 127,044 125,858 199,360 124,800 179,518 1,666,711
Accounting Fees 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 2,000 24,000
Advertising & Marketing 10,000 24,800 On
On this
11,020 this sheet:
sheet:
10,500 10,850 11,400 10,600 10,350 10,240 10,580 11,203 12,100 143,643
This
This monthly income statement is automatically calculated based on the
Amortization -monthly income - statement -is automatically - calculated-based on the- - - - - - 10,000 10,000
reporting
reporting periods
periods that
that are
are specified
specified onon the
the Setup
Setup sheet
sheet and
and the
the account
account
Bank Charges 80
balances 100 100 100 100 100 100 100 100 100 100 100 1,180
balances on
on the
the trial
trial balances
balances and
and forecast
forecast sheets.
sheets. The
The reporting
reporting classes
classes that
that
Commission are
are applicable
-
applicable to
to each
each- line
line has
has been
been included
5,000 included inin column
-column A.
A. This
- sheet
This sheet requires
4,000
requires - - 3,850 - - 15,000 27,850
Computer Expenses - 2,174 no
no-user
user input.
input. - - - - 739 - 563 - - 3,477
Consumables & Cleaning - - - - 2,500 - - - - - - - 2,500
Depreciation - - - - - - - - - - - 30,422 30,422
Entertainment - - - - - - - - - - - - -
Insurance 320 320 320 320 320 320 320 320 320 320 320 320 3,840
Office Expenses 79 76 57 96 25 68 78 190 89 83 91 65 996
Office Rent 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 12,000 144,000
Postage 419 - - - - - - - - 104 - - 524
Professional & Legal Fees - - - - - - 5,652 - - - - - 5,652
Salaries & Wages - Staff 42,200 42,200 42,200 42,200 42,200 42,200 42,200 42,200 42,200 84,400 42,200 42,200 548,600
Salaries & Wages - Management 54,320 54,320 54,320 54,320 54,320 54,320 54,320 54,320 54,320 88,200 54,320 54,320 685,720
Stationery - - 854 - 662 203 - 251 - 270 - 251 2,491
Subscriptions & Memberships - - - - 5,200 - - - - - - - 5,200
Telephone & Internet 737 739 739 739 739 739 739 739 739 739 739 739 8,867
Training - - 1,087 - - - 1,130 - - - 1,826 - 4,043
Travelling & Accommodation 105 - 861 1,826 - 2,191 4,887 3,835 - - - - 13,705
Utilities - - - - - - - - - - - - -
Other Expenses - - - - - - - - - - - - -
Profit / (Loss) before interest & tax 39,784 19,392 35,728 42,524 35,528 50,916 41,465 62,526 69,406 (12,299) 44,926 15,670 445,567
Interest Paid 1,667 1,645 1,623 1,602 1,579 1,557 1,535 1,512 1,489 1,466 1,860 1,831 19,367
Profit / (Loss) before tax 38,118 17,747 34,105 40,922 33,949 49,359 39,930 61,014 67,917 (13,766) 43,066 13,839 426,199
Taxation Paid - - - - - 59,976 - - - - - 62,160 122,136
Profit / (Loss) for the period 38,118 17,747 34,105 40,922 33,949 (10,617) 39,930 61,014 67,917 (13,766) 43,066 (48,321) 304,064
Retained Earnings - beginning of period 543,789 581,906 599,653 633,758 674,680 708,629 698,012 737,942 798,956 866,873 853,107 896,173 543,789
Dividends Paid - - - - - - - - - - - 78,500 78,500
Retained earnings at end of period 581,906 599,653 633,758 674,680 708,629 698,012 737,942 798,956 866,873 853,107 896,173 769,352 769,352
Page 26 of 27
Trial Balance Sequence Check Select TB:
© www.excel-skills.com Current
- ok
Acc No Amount Check
BS-0005 - ok
BS-0010 - ok
BS-0015 120,500.00 ok
BS-0020 63,250.00 ok
On
On this
this sheet:
sheet:
BS-0025 - ok
The
The formulas
formulas in in column
column C C on
on this
this worksheet
worksheet enable
enable users
users toto check
check whether
whether thethe account
account numbers
numbers thatthat have
have been
been
BS-0030 - ok copied
copied into
into column
column A A are
are consistent
consistent with
with the
the account
account numbers
numbers on on the
the appropriate
appropriate trial
trial balance
balance in
in this
this template.
template. The
The
BS-0105 - ok appropriate
appropriate trial
trial balance
balance that
that you
you want
want toto check
check (Current,
(Current, Prior
Prior or
or Forecast)
Forecast) can can bebe selected
selected from
from the
the list
list box
box at
at the
the
BS-0110 - ok top
top of
of the
the sheet
sheet and
and an
an error
error message
message will will be
be displayed
displayed in
in column
column C C ifif the
the account
account number
number sequence
sequence in in column
column A A is
is
BS-0115 -22,000.00 ok
not
not consistent
consistent with
with the
the selected
selected trial
trial balance
balance sheet.
sheet. You
You can
can then
then amend
amend the the account
account numbers
numbers onon the
the target
target sheet
sheet
until
until no error messages are reflected before copying the trial balance amounts into the appropriate monthly period of
no error messages are reflected before copying the trial balance amounts into the appropriate monthly period of
BS-0120 -12,500.00 ok the
the selected
selected trial
trial balance.
balance.
BS-0125 - ok
BS-0130 - ok
BS-0205 - ok
BS-0210 - ok
BS-0215 - ok
BS-0305 - ok
BS-0310 - ok
BS-0315 - ok
BS-0400 150,000.00 ok
BS-0500 - ok
BS-0700 - ok
BS-0799 - ok
BS-0900 - ok
BS-0905 15,000.00 ok
BS-1300 - ok
BS-1305 - ok
BS-1310 - ok
BS-1405 - ok
BS-1505 - ok
BS-1610 - ok
BS-1700 -52,638.55 ok
BS-1805 -197,417.26 ok
BS-1900 - ok
BS-2000 -100.00 ok
IS-0105 -182,400.00 ok
IS-0110 -118,200.00 ok
IS-0205 85,935.38 ok
IS-0210 54,480.00 ok
IS-0299 - ok
IS-0305 2,000.00 ok
IS-0310 10,000.00 ok
IS-0315 80.00 ok
IS-0320 - ok
IS-0325 - ok
IS-0330 - ok
IS-0335 - ok
IS-0340 320.00 ok
IS-0345 78.95 ok
IS-0350 12,000.00 ok
IS-0355 419.30 ok
IS-0360 - ok
IS-0365 - ok
IS-0370 - ok
IS-0375 736.84 ok
IS-0380 - ok
IS-0385 105.26 ok
IS-0390 - ok
IS-0405 42,200.00 ok
IS-0410 54,320.00 ok
IS-0505 - ok
IS-0510 - ok
IS-0600 1,666.67 ok
IS-0700 - ok
IS-0800 - ok
IS-0805 - ok
IS-0810 - ok
IS-0900 -1,860.01 ok
IS-1000 - ok
BS-BB1 182,255.49 ok
BS-BB2 37,095.81 ok
BS-BB3 - ok
BS-BPC 1,000.00 ok
BS-BJC - ok
BS-STG 256,856.62 ok
BS-RCG 150,708.00 ok
BS-PAG -110,104.00 ok
BS-RTG -543,788.50 ok
Page 27 of 27

Daily Mis Report Format in Excel

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Daily Mis Report Format in Excel

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Excel Skills | Management Accounts Template

The template includes the following sheets:

Default Reporting Classes

Linking Accounts to Reporting Classes

The following rules apply to creating new reporting classes:

Prior Year Trial Balance

Current Year Trial Balance

Forecast Trial Balance

Cash Flow Statement

Monthly Income Statement

Trial Balance Check

Help & Customization

Year End Period February

Reporting Year 2020 On

Reporting Period End Date 29 February 2020

Prior Year Reporting Period Feb-2019

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