A balance sheet is an accounting tool used to summarize the financial status of a business or other entity. It generally lists assets on one side and liabilities on the other, and both sides are always in balance. Assets and liabilities are divided into short- and long-term obligations including cash accounts such as checking, money market, or government securities. At any given time, assets must equal liabilities plus owners equity. An asset is anything the business owns that has monetary value. Liabilities are the claims of creditors against the assets of the business. A balance sheet is usually prepared each month, quarter of a year, annually, or upon sale of the business, in order to show the overall condition of the company.
Net cash balance means the beginning cash balance plus cash receipts minus cash disbursements. It also refers to the amount of money in an account. It is calculated by adding the initial deposit to all subsequent deposits and then subtracting all disbursements. A positive net cash balance indicates that money is present and available in the account, while a negative one indicates that the account is overdrawn.
A cash balance plan is a type of defined benefit plan. It also includes some elements that are similar to a defined contribution plan. In a cash balance plan, the benefit amount is computed based on a formula using contribution and earning credits, and each participant has a hypothetical account.
Keywords: New Mexico Balance Sheet Support Schedule, Cash Balance, types Description: The New Mexico Balance Sheet Support Schedule — Cash Balance is a financial document that aids in the analysis and tracking of cash inflows and outflows for entities operating in the state of New Mexico. It provides a detailed overview of the cash balance maintained by a company or organization, facilitating effective financial management and decision-making. The Cash Balance section of the New Mexico Balance Sheet Support Schedule outlines the total amount of cash held by an entity at a specific point in time. This figure includes both physical currency and cash equivalents like highly liquid investments, ensuring a comprehensive assessment of the entity's liquidity position. Different types of New Mexico Balance Sheet Support Schedule — Cash Balance may include the following: 1. Operating Cash Balance: This refers to the amount of cash available for day-to-day operations of the entity. It includes cash receipts from sales, customer payments, and other revenue streams, minus cash disbursements such as salaries, rent, and operating expenses. 2. Investment Cash Balance: This represents the portion of cash allocated for investment purposes. It includes funds dedicated to acquiring stocks, bonds, certificates of deposit, or other financial instruments that generate returns over time. 3. Financing Cash Balance: This type of cash balance focuses on the cash-related activities associated with financing activities. It includes cash flows related to loans, equity investments, dividends, and other external financing sources. 4. Restricted Cash Balance: This category indicates cash that is legally or contractually limited in its use. It includes cash held in escrow accounts, security deposits, or funds reserved for specific purposes like debt repayment or capital projects. 5. Petty Cash Balance: This represents the small amount of cash kept on hand to cover minor expenses and reimbursements that do not warrant formal disbursements. The New Mexico Balance Sheet Support Schedule — Cash Balance provides valuable insights into an entity's cash flow management, highlighting the sources and uses of cash. It assists in monitoring liquidity, identifying potential cash shortages or surpluses, and ensuring that financial obligations can be met in a timely manner.Keywords: New Mexico Balance Sheet Support Schedule, Cash Balance, types Description: The New Mexico Balance Sheet Support Schedule — Cash Balance is a financial document that aids in the analysis and tracking of cash inflows and outflows for entities operating in the state of New Mexico. It provides a detailed overview of the cash balance maintained by a company or organization, facilitating effective financial management and decision-making. The Cash Balance section of the New Mexico Balance Sheet Support Schedule outlines the total amount of cash held by an entity at a specific point in time. This figure includes both physical currency and cash equivalents like highly liquid investments, ensuring a comprehensive assessment of the entity's liquidity position. Different types of New Mexico Balance Sheet Support Schedule — Cash Balance may include the following: 1. Operating Cash Balance: This refers to the amount of cash available for day-to-day operations of the entity. It includes cash receipts from sales, customer payments, and other revenue streams, minus cash disbursements such as salaries, rent, and operating expenses. 2. Investment Cash Balance: This represents the portion of cash allocated for investment purposes. It includes funds dedicated to acquiring stocks, bonds, certificates of deposit, or other financial instruments that generate returns over time. 3. Financing Cash Balance: This type of cash balance focuses on the cash-related activities associated with financing activities. It includes cash flows related to loans, equity investments, dividends, and other external financing sources. 4. Restricted Cash Balance: This category indicates cash that is legally or contractually limited in its use. It includes cash held in escrow accounts, security deposits, or funds reserved for specific purposes like debt repayment or capital projects. 5. Petty Cash Balance: This represents the small amount of cash kept on hand to cover minor expenses and reimbursements that do not warrant formal disbursements. The New Mexico Balance Sheet Support Schedule — Cash Balance provides valuable insights into an entity's cash flow management, highlighting the sources and uses of cash. It assists in monitoring liquidity, identifying potential cash shortages or surpluses, and ensuring that financial obligations can be met in a timely manner.
