Your company's books: build the income statement, cash flow and balance sheet

Your company's books

Type your full name. The same name always brings back the same trading company, with its opening balance sheet and a whole year of journal entries. From them, build the income statement, the cash flow statement and the balance sheet.

{c}, {s}. Fiscal year from January 1 to December 31, {y}.Taxes on sales: {v} of gross sales. Income tax: {i} of the profit before tax. Depreciation: {d} a year on the cost of equipment.Inventory is kept on a perpetual system: each sale already records its cost of goods sold.In this exercise, show all loans as non-current liabilities, and interest paid and received as operating activities.The journal already includes the month-end adjustments and the income tax for the year. What is left for you is the ledger, the closing of the result accounts and the three statements.Opening balance sheet, {d}Closing balance sheetAssetsLiabilities and equityCurrent assetsNon-current assetsTotal assetsCurrent liabilitiesNon-current liabilitiesShareholders' equityTotal liabilities and equityGeneral journalEntries in the year: {n}Download the journal as CSVPrint the booksCheck your numbersType the totals you found. Use a minus sign or parentheses for outflows and losses.Check my numbersIt matchesIt does not matchAnswer keyIncome statementCash flow statement (direct method)Sales deductionsNet sales revenueGross profitSelling expensesGeneral and administrative expensesOperating profit before financial resultFinancial expensesProfit before income taxNet profit for the yearOperating activitiesInvesting activitiesFinancing activitiesNet cash from operating activitiesNet cash from investing activitiesNet cash from financing activitiesCash received from customersCash paid to suppliersCash paid to employeesOther operating expenses paidTaxes on sales paidIncome tax paidInterest paidInterest receivedPurchase of equipmentLoans receivedLoans repaidCapital contributed by the ownersDividends paidNet change in cashCash at the beginning of the yearCash at the end of the yearAll monthsEntry no.DateDescriptionLedger accountDebit (Dr)Credit (Cr)Sporting goods storeBookshopElectronics storeFurniture storeToy shopCoffee and tea shopClothing storeHardware storeCash and cash equivalentsAccounts receivable from customersMerchandise inventoryPrepaid expensesProperty, plant and equipmentAccumulated depreciationAccounts payable to suppliersSalaries payableTaxes on sales payableIncome tax payableLoans and financingShare capitalRetained earningsGross sales revenueSales returnsTaxes on salesCost of goods soldSalaries expenseRent expenseUtilities expenseAdvertising expenseInsurance expenseDepreciation expenseBank feesInterest expenseInterest incomeIncome tax expenseCash sale, invoice {n}Sale on account, invoice {n}Goods returned by the customer, invoice {n}Customer paid invoice {n}Customer paid an invoice from last yearGoods bought for resale and paid in cash, supplier bill {n}Goods bought for resale on account, supplier bill {n}Payment of supplier bill {n}Payment of a supplier bill from last yearSalaries owed for {m}Salaries for {m} paidStore rent for {m}Power, water and phone bills for {m}Advertising campaign paidBank fees for {m}Interest earned on the bank balance in {m}Loan installment for {m}New bank loan receivedEquipment bought and paid in cashDepreciation for {m}Twelve-month store insurance paid in advanceInsurance used up in {m}Taxes on sales for {m} paidIncome tax for last year paidIncome tax on this year's profitOwners put new capital in cashDividends paid to the owners

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How does the company books challenge work?

Type your full name. The site creates a trading company with its opening balance sheet and about a thousand journal entries for one year. Post them to the ledger, close the result accounts and build the three statements.

Will I always get the same company?

Yes. The company comes from your name, ignoring capitals and accents, so typing it again on any device brings back the same books. Your teacher can open yours by typing your name.

Is my name sent anywhere?

No. The company is built inside your browser, and the name never leaves it.

How do I know if my statements are right?

Type your totals in Check your numbers. Each field says whether it matches, without showing the expected value.

Something wrong?

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