Provisional Balance Sheet

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The Balance Sheet forecast displays the Balance Sheet for a future period. It is an important tool for tracking the management of your company and allows you to verify what the company's capital structure, the state of assets, of liabilities and the equity will be like.

With Banana Accounting, thanks to the forecasting with the double entry method, you have complete forecast budgets and that you can arrange in different ways. The program also calculates forecasts over several years.
You can access a very precise vision of what the future balance sheet will look like.
The structure of the budget is the same as that one used in the accounting file. When printing, you can indicate which values to display, those of the final balance, the budget or both of those.

The forecast values are calculated taking into account the opening balances and forecast movements indicated in the Budget table. When you change a budget entry, the forecasts are instantly updated. You can simulate and test, relocate a payment, add an investment, modify sales and see how the budget changes over time.

Budget forecast values can be displayed in several ways.

Detailed forecast

The financial forecast, based on the double entry method, allows to obtain the forecasts of the balance sheet values, using the same accounts and groups as those of the accounting file. The same structure of the items that make up the financial statements is used for forecasting. Values and reports are available automatically to display in detail, day by day, how liquidity , the situation of customers evolves and many more.

The Banana Accounting forecast presents the values for assessing the financial, equity and economic situation. The structure is customizable, it can be presented in a simple way, including the main groups and the accounts that are part of it, or in a more complex way, by inserting subgroups, for a more detailed view.

ASSETS LIABILITIES

Current assets

  • Liquidity
  • Credits
  • Inventory

Fixed assets

  • Tangible assets
  • Intangible fixed assets

Third party capital

  • Short term debt
  • Long term debt

Equity

  • Reserves
  • Profit / Loss carried forward
  • Profit / Loss for the year

 

     

       

       

       

       

       


        Accounts table

        In the Budget column of the Accounts table you access forecast values for all accounts and balance groups available. In a glance you have an instant overview of the budget. The values refer to the accounting period and the variations are calculated automatically with respect to the current balance.

        If you need more details, you can add accounts or groups.

        Budget column of the accounts table

          Enhanced Balance sheet with groups

          Through Enhanced Balance Sheet with groups command, you can view the Provisional Balance Sheet, choosing the presentation mode you need.

          • Indicate in the Sections options to display the values of the Budget
            You can display the current (accounting) values, the budget values or both.
          • Set up the Period.
            If a period that exceeds the accounting period, is indicated, the program will automatically switch to budgeting over several years.
          • With the subdivision by period the data are presented with the subdivisions chosen for the period.
          • In the Rows section, you can exclude accounts and thus have a view of groups only.
          • If you think you will use this print setting again, create a Customization.

          Using the different options you can customize your prints. Below are some examples.

          Enhanced Balance sheet annual Budget groups

          This print has been set up to produce only the budget values for the current year.

          Budget and Current Balance sheet

          The actual (current) values are compared with those of the budget. You can also display the change in the comparison as an amount and a percentage.

          bilancio annuale con confronto preventivo

          Quarterly budget

          IIn order to obtain an annual budget with a quarterly breakdown, the quarter must be indicated in the section Subdivision → Subdivision by period. The program will show the budget for the year, divided into 4 quarters.

          Budget and current quarter Balance sheet

          This printout is set up to display both the budget and the annual final balance with the breakdown per quarter. Thus we have the expected and current situation at the end of the quarters.

          bilancio previsionale e consuntivo con suddivisione trimestrale

          Three-year budget

          This printout is set up to print the three-year budget forecast.
          In the Period section set the reference period to three years and in the Subdivision section → Subdivision per period set to one year. In the File properties (File menu) there must be 3 years as the start and end period (e.g. start 01.01.2022 - end 31.12.2024).

          Budget Accounting Report

          From the Reports → Accounting Report menu you can get printouts of financial statements displayed as in the accounts table, but with the required column values.
          The options are similar to those explained for the Enhanced Balance Sheet by groups.

          report contabile Preventivo con suddivisione trimestrale

           

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