Typically, vertical balance sheets show a single column of numbers beginning with resource or asset details, followed by liability details, and ending with investors’ value or shareholders’ equity details. Details are introduced in decreasing order of liquidity within each of these classes. So, the highest level of details (for resources or assets) begin with cash and end with fixed resources (which are significantly less liquid than money) or altruism. As a similar explanation, creditor liabilities begin with accounts payable and end with long-term obligations.
In a vertical balance sheet, the numbers on the monetary record are examined and compared for a particular period. Using the accounting report or balance sheet date to assess a business’s liquidity, one may compare the total current resources or assets with the total current liabilities.
Format of a Vertical Balance Sheet:
Name of the company
Balance sheet as on XXXXXXXX
(Amount in rupees)
|Particulars||Note No.||Figures as at the end of the current reporting period||Figures as at the end of the previous reporting period|
|I. EQUITY AND LIABILITIES|
|b.Reserves and Surplus||XXXX||XXXX|
|c.* Money Received Against Share Warrants||XXXX||XXXX|
|2. * Share Application Money Pending Allotment|
|3. Non-current Liabilities|
|b.* Deferred Tax Liabilities (Net)||XXXX||XXXX|
|c.* Other Long-term Liabilities||XXXX||XXXX|
|4. Current Liabilities|
|c.Other Current Liabilities||XXXX||XXXX|
|3.* Capital Work-in-progress||XXXX||XXXX|
|4.Intangible Assets under Development||XXXX||XXXX|
|b. Non-current Investments||XXXX||XXXX|
|c.* Deferred Tax Assets (Net)||XXXX||XXXX|
|d. Long-term Loans and Advances||XXXX||XXXX|
|e.* Other Non-current Assets||XXXX||XXXX|
|2. Current Assets|
|c. Trade Receivables||XXXX||XXXX|
|d. Cash and Cash Equivalents||XXXX||XXXX|
|e. Short-term Loans and Advances||XXXX||XXXX|
|f. Other Current Assets||XXXX||XXXX|
Features of the vertical balance sheet
Manage transactions seamlessly
Create and share invoices via multiple media like WhatsApp and e-mail with the vertical balance sheet format generator. The seller can charge extra fees such as shipping, packaging, and on-tier invoices, allowing you to check profit while creating a new sale invoice. During payments, the app helps you get a discount.
GST Tax Compliance
Tax compliance is made easier with the free vertical balance sheet maker app. Gathering the documents and information required to file taxes becomes easier when you keep accurate accounting records, financial statements, and reports.
Using the invoice data, you can create a balance sheet, sales reports, and purchase reports to analyze your business’ growth metrics. To identify product demand and manage inventory efficiently, you can create 37+ business reports using the app. Tax statements and GST reports can assist you in filing GST correctly.
Managing the accounting department
Vertical balance sheet maker’s cloud-based accounting and billing features ensure that your records remain secure. Data is synced to Google Drive every day at the set time, and high-end encryption algorithms are used to prevent data theft.
Every business faces the challenge of managing inventory and maximizing storage space. This will help you avoid inventory shortages that could halt operations and maximize profits. Further, the app will show details about surplus inventory and sales data to avoid unnecessary purchases and optimize storage space.