An
Online Balance Sheet Calculator for Small and Medium Size Businesses from
BetterAndBetterBusiness.com,
Tyrone
Mingo, Business Consultant, Phone: 646-671-7211
This
website contains easy to use software that functions online, (directly from the
Internet), and it calculates a number of factors that relate to the financial
stability of a business. The
website also contains free downloads of the Balance Sheet Calculator in the
Excel and OpenOffice.org formats (for Windows), and links to other online
balance sheets. For the above, and detailed instructions, as well as
information on the services provided by
BetterAndBetterBusiness.com,
scroll
all the way down, beneath the
Online Calculator. If you want a printer friendly version of
the Online Balance Sheet Calculator that will not print any extraneous text,
left click on these words.
Balance
Sheet Calculator for Small And Medium-Sized
Businesses
The
Basic Description of the Balance Sheet Calculator for Small and Medium-Size
Businesses
The
software on this website (the Balance Sheet Calculator) calculates 7 financial
factors, based on long-term and short-term liabilities and assets. This calculator is designed for a
business that is owned by one or more individuals, without any shares sold to
the general public. Most small and
many medium-size businesses fall into this category.
When
this balance sheet calculator is used for a business that has more than one
owner, the calculated results, is the sum of the assets, liabilities, and equity
of all the owners. If you are a
part owner of a business, and you want to calculate how much equity you own, use
one of the more complex balance sheet calculators, which are listed several
paragraphs below.
The
software (the balance sheet calculator) is very easy to use, and most people can
probably figure out how to use it intuitively, with a little time and some trial
and error. However, the following
instructions will probably make the learning process easier and
quicker.
If There Are Any
Sections On The Balance Sheet Calculator, That Does Not Apply
To Your Business, Leave It Blank.
Ignore any
sections on the Balance Sheet Calculator that does not apply to your
business. For example, if you do
not have any long-term liabilities, leave this section blank.
Negative
Results
The Balance
Sheet Calculator can calculate a negative result for owner's equity, when the
liabilities are excessively high.
This is displayed as a dollar sign, followed by a negative sign, such as
$-10,000.00.
How to Enter Data into
the Online Balance Sheet Calculator
To
enter data, you must first left click with the mouse on the relevant box (cell)
and then type in the data. If you
do not left click on the cell, your data will not be entered, or it will be
entered in the wrong cell.
You enter the
dollar amounts of the financial assets and liabilities of your business in the
green cells. Do not put any text,
or dollar signs ($) in the green cells.
On the left of
each green cell there is a white cell where you enter words describing the asset
or liability you entered in the adjacent green box. The description is called a name on the
calculator headings. Do not put any
numbers to be calculated in the white cells. You can enter numbers that are not to be
calculated, such as the client from 50th St.
A simple
example will clarify the above. For
a $10,000 bank loan for new equipment, the description or name would go in the
white box on the left, and the $10000 would go in the green box on the
right.
Incidentally, with the above example the new equipment would be an asset
of $10,000, but the debt to the bank would be a liability of $10,000 plus
interest.
If a Descriptive
Phrase or a Dollar Amount is Too Large to Fit in the
Cells
If a
descriptive phrase is longer than the white boxes, you should first try to
shorten it. If this is not
feasible, the phrase can still be entered in a white cell, but the entire phrase
will not show up, unless you scroll from left to right, or right to left,
within the cell. In this way you
can actually fit over 15 words in a cell.
If a dollar
amount is too long for a green cell it can still be entered, and it will be
calculated, but the entire number will not be visible, unless you scroll within
the cell from left to right or right to left. Incidentally, the above is not likely to
be a problem, because you can fit up to $10,000,000,000,0.00 in a green cell,
without having to scroll left to right or right to left, within the
cell.
Calculated Results Are
Obtained Immediately
As soon as you
enter data, and left click with the mouse, you will obtain calculated
results. Alternatively, you can
press the tab key on your keyboard to obtain calculated results. You can also move from one cell to
another by pressing the tab key.
You can also obtain calculated results by pressing one of the calculation
buttons, on the top or bottom of this online calculator. (Do not press the enter key when using
this calculator.)
Note:
all the calculated results on the Balance Sheet Calculator are displayed in red
numbers, such as $25340.36.
Free Downloads, and
Links to other Online Balance Sheets
Opening Links and
Downloading
If you know how
to download files from the Internet, you can skip the text under this
heading. If you are not familiar
with downloading, it is very simple.
It involves a few clicks with the mouse, and perhaps a little trial and
error learning, which should be facilitated by the following instructions.
When you click
on a link, for the Excel or OpenOffice.org it may take anywhere from a few
seconds to several minutes before the download is complete. (Most downloads (from other websites)
may take much longer than this, because they are usually much larger than the
Excel or OpenOffice.org files.) The
speed of your Internet connection and computer will greatly influence download
time.
When you
are downloading the Balance Sheet Calculator in the Excel or OpenOffice.org
format, a dialog box will appear.
The exact nature of the dialog box depends on the browser you are using,
but it usually has two or three buttons, such as Save, Open,
and Cancel. With the Save button on the download dialog box, you can
save what you downloaded just like you would save any other document. This involves providing a location on
your computer and perhaps also a file name, to save the document. The browser might use the default file
name, and save your download in a default location on your computer, if you do
not provide a location and file name.
The Open button on the download dialog box can be used
as an alternative to the above.
With this option, the download is placed on a default location on your
computer. If the file is downloaded
opened, you can use the save function as described above. If the download is an unopened file, you
can use the Windows cut and paste function to transfer it to a convenient
location on your computer.
Free
Downloads on This Website: Excel and Openoffice.Org Versions of the Balance
Sheet Calculator, for Microsoft Windows
The
online calculator is not capable of saving any data you enter, because it is a
JavaScript device. The
Excel and OpenOffice.org versions of the Balance Sheet Calculator require
Microsoft Windows, but they can save the data you entered, and the calculated
results, as permanent records. You
can download Excel and OpenOffice.org versions on this website (no charge) by
clicking on one or more of the following:
For
an Excel version of the Balance Sheet Calculator left click on these
words. This will open directly in your browser,
if you are using Internet Explorer.
With other browsers you may have to click on an icon, and it will open
similar to a conventional Excel worksheet.
Regardless of the type of browser you are using, the file can be saved
anywhere on your computer, with the Windows save function.
You can
also download the Excel version of the Balance Sheet Calculator, in a template
file format, by left clicking on these words. The template
format protects the original file, and it produces a limitless number of Balance
Sheet calculators that can be saved as permanent records. However, this format does not open in
your browser. Use the Windows cut and paste
function to transfer the file to a convenient location on your
computer.
Note:
the above requires
Microsoft Excel. If you do not have Microsoft Excel on
your computer, you should download the OpenOffice.org version. You will also need to download the free
OpenOffice.org software package from www.OpenOffice.org,
by left clicking on the blue link.
The OpenOffice.org software is high quality, and it provides most of the
functionality of Microsoft Office, and Excel.
You can
download the OpenOffice.org version in a template format by left clicking on
these words. Use the Windows cut and paste
function to transfer the file to a convenient location on your
computer.
Other Types of Online
Balance Sheet Calculators from BetterAndBetterBusiness.com
The
Balance Sheet Calculator on this website is primarily for small or
medium-size businesses that did not sell shares to the general public. If you want a Balance Sheet
Calculator designed for a different situation left click on one or more of the following.
If
you want a Balance Sheet Calculator specifically designed for a large
corporation that does not have a primary owner, and is owned by many
shareholders, left click on these words.
If
you want a very simple Balance Sheet Calculator, primarily meant for a small
business, left click on these words.
If you want a general purpose
Balance Sheet Calculator that can be used for a business of any size, left click
on these words.
If
you are planning to start a new business, you can obtain a calculator designed
for this purpose by left clicking on these words.
For
information, or to request services, you can e-mail Tyrone Mingo, at Info@BetterAndBetterBusiness.com. You can also enter your message in a
website communication form, by left clicking on the blue words: WEB
FORM.
You
can call Tyrone Mingo
at 646-671-7211
Services from
BetterAndBetterBusiness.com
Tyrone
Mingo, Business Consultant
I offer
business consulting services to small, medium and large
businesses.
I can provide
assistance with most business problems and goals.
The Basic Methodology
I listen to
your problems and goals, stimulate your creative thinking, provide suggestions,
evaluations and referrals, and help you optimize your business plans. I often see a number of methods to
obtain objectives, but my focus is on helping you devise your own strategies and
solutions, which are practical for you and your staff. I can also work with a group of people,
such as your partners, managers or employees. Sometimes group discussions reveal more
details, creative thinking, and solutions.
Sometimes
problems or goals require specialists or a multidisciplinary approach. When this is the case I can usually
obtain the right consultants, experts, and technicians to work with us to reach
your objectives. When specialists
are required I usually take the role of both manager and counselor. I manage the team of Specialists. This can be highly effective for large
and medium-size businesses.
Some of the
objectives that can be achieved with the versatile methodology I used
include:
More
Customers: With the help of my consultants, I can
help you get more customers, by creating advertising campaigns, setting up
websites and e-commerce, with Internet advertising. Working together, we can help you expand
your current markets, and develop new markets for your products or
services. We can write
advertisements for you, on the web, and for leaflets.
Increase
profitability: With our
discussions I can help you identify which expenditures and efforts are
profitable. This can involve
determining the relative degree of profitability, or rate of return on various
expenditures. I can help you
identify and eliminate wasteful efforts, low-profit elements, and financial
losses.
Publicity: With our
discussions, I can suggest ways of creating constructive publicity. New store openings, or public
celebrations sponsored by a company can create publicity, especially when news
releases are issued to the press.
Public-Relations:
With our
discussions, I can suggest ways of establishing good public relations and a good
reputation, which usually results in a large number of regular customers that
like your product or service. This
can result in positive word-of-mouth publicity, which can bring in more
customers.
Time
Management: I can help you
and your staff with improving time management. This can include strategies to save
time, ways of reducing travel time, and reorganizing workspace to make it more
efficient. This can save money, and
make your business less stressful.
For time management, I also provide for free download Excel and
OpenOffice.org project sheets, specialized calendars, and diaries, that are
designed for planning over a period of days, weeks, or months. This can help you estimate how much time
is necessary for a project, and it can help you with scheduling of various
tasks.
To obtain the free downloads
of the project sheets, specialized calendars, and diaries left click on these
words.
Diagnosing
and Solving: With our discussions, I can help you and
your employees fined the cause of problems in your business, and help you find
solutions.
Problem
Prevention: With our
discussions, we can evaluate your business or business plans, and identify
problems that may develop in the future.
When this is done, strategies to avoid problems usually become
apparent.
Management
and Motivational Dynamics: With our
discussions, we can evaluate your management problems. I or my consultants can teach you
principles of motivational dynamics in relation to management. When optimal management principles are
applied to a staff great increases in efficiency, and cost reductions, can be
achieved.
Credit: This is one of my specialties. Together we can evaluate your credit
rating, credit needs, cash flow, and financing, and devise methods of making
improvements in all of the above. I
can help you find suitable lenders, and sometimes we can find alternatives to
eliminate or reduce the need to borrow money.
If you want more
information on credit, and related services, left click on these
words.
Starting
A New Business, or Revitalizing an Old
One: I can help
you, with our discussions to devise plans to start a new business, or to revamp
a business you are ready have. I
can help you with business planning, and writing a business plan.
Conflict
Resolution: I can help you
resolve conflict between partners, shareholders, employees, and customers. I can also help you avoid conflict.
A
joyful business: I can help you make your business more
pleasant and enjoyable for you, your customers and employees. This can include methods of reducing
emotional stress. I believe a
business should be rewarding and pleasurable for all concerned.
Hiring
Employees: With our
discussions, I can help you evaluate your hiring practices. I can make you more aware of your good
hiring decisions, and hiring errors that were made in the past. Developing this awareness can greatly
improve hiring decisions.
Real-Estate:
I can help you
with real estate problems. This
includes obtaining ideal office space, manufacturing localities, and retail
space. I can even help you sell
part or all of your business. I can
also help in selling unneeded real estate.
If you need more information on
real estate services, selling and buying property, left click on these
words.
Written
Reports: I, or one of my
consultants, can provide evaluations of your business, involving written reports
with recommendations on how to alleviate problems, obtain goals, and make your
business more efficient, profitable, and enjoyable for you, your customers and
employees.
Bookkeeping
and Business Mathematics: I offer a free
download of a number of Excel templates that make business calculations
relatively easy. I also have these
templates in the OpenOffice.org for those who do not have Excel. (OpenOffice.org is free, and it performs
the same functions as Microsoft Office.)
(If you need specially designed calculation templates, one of my
consultants can create them for a reasonable fee.)
For free Excel and
OpenOffice.org templates, for business calculations, left click on these words.
For the free OpenOffice.org
software, left click on this web address: http://www.openoffice.org/ (Incidentally, OpenOffice.org can save
you hundreds if you own a small business and thousands if you own a medium-size
or large business.)
Individual
Tutoring and Group Instruction: Sometimes I
find the most effective approach is to provide instructional assistance. I do this by providing explanations and
guidance, or by providing appropriate instructors, experts, and reading
material.
Creative
Questioning Technique: This technique
involves a series of questions, coupled with other information, designed to make
you aware of problems, solutions, and alternatives, and to stimulate creative
thinking. This can be a very
effective method of solving problems and obtaining goals. Actually, clients can sometimes do this
technique by themselves.
For a long list of creative
questions, and detailed instructions on how to do the creative questioning
technique, left click on these words.
Additional
Information: I use many
other techniques as needed. If you
want information that is based on the size of your business, click on one of the
following links.
If you want more information on
counseling services for SMALL BUSINESSES, such as individual entrepreneurs,
mom-and-pop stores, partnerships with two to five people, left click on these
words.
If you want information on
counseling services, and a multidisciplinary approach, for LARGE and
MEDIUM-SIZED BUSINESSES, left click on these
words.
MY
Philosophy
Everything has
a season; winter, spring, summer and fall.
Life has its ups and downs, there are good and bad times in every aspect
of our existence including business.
Businesses that survive, profit and grow, and thrive to the utmost, are
able to adjust to all the variations that this world offers. The idea to keep in
mind is businesses can create flexibility and strength in their planning and
design to survive, and even prosper during hard times.
Intelligent
planning will also prepare a business to grow and prosper during good
times. This involves searching for
every opportunity to make a good and fair profit, and perhaps expand the
business as well. However, all
expansion, and all business plans, should be designed for the inevitable hard
times, the winter; the downturns in the economy.
I, and my
consultants can help you develop good business planning to maximize your chances
of success and prosperity during the good times and bad times, winter spring
summer and fall, the upturns and downturns, of the economy. Good business planning is one of our
primary goals. Another primary goal
is the satisfaction, happiness and well-being of our customers.
We wish you
success, health and happiness, and hope you all have a realistic faith in
yourself, in your fellow man, and in your plans and efforts.
For information, or to request
services, you can e-mail Tyrone Mingo, at Info@BetterAndBetterBusiness.com. You can also enter your message in
a website communication form, by left clicking on the blue words: WEB FORM. You can call Tyrone
Mingo
at 646-671-7211
About the Balance
Sheet Calculator and this Website
The
Balance
Sheet Calculator and this
website were designed to be extremely user-friendly, which is one of the
objectives of BetterAndBetter.com.
Tyrone Mingo, the owner and operator of BetterAndBetter.com, and his
consultants try to provide the best possible user-friendly services. This philosophy is reflected in the
design of the Balance
Sheet Calculator, and the website.
To achieve the
ultimate in user friendliness, extra large print was used, on this website, with
red headings. The sentences were
written in simple language. A
simple background was used, without any superfluous artwork to avoid
distractions. The links are clearly
marked, such as left click on these words for... The contact information is presented
above and below, which eliminates the need for unnecessary searching. Many conventional features used in
websites were avoided, to achieve the ultimate in user friendliness. For example, instead of dividing the
text into small sections on multiple web pages, one large page was used. This eliminated the need for pull down
menus, and superfluous links.
The writing,
and the design and construction of the Balance
Sheet Calculator, and the website, were
performed by David Alderoty, for Tyrone Mingo. (Mr. Alderoty
is not involved with the operation or services provided by
BetterAndBetterBusiness.com.)
We hope you
enjoyed the Balance
Sheet Calculator, and this website,
and quickly obtained the information you wanted. Thank you for listening to, and reading
our material. Tyrone Mingo and his
consultants, hope that we can provide the ultimate in user-friendly service for
you and your business.
Copy right 2009 All rights
reserved