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.
The Washington Balance Sheet Support Schedule — Cash Balance refers to a financial statement that displays the cash balance of an entity within the state of Washington. It is a critical component of the overall balance sheet as it showcases the liquidity and short-term financial health of an organization. The schedule outlines the inflows and outflows of cash and provides a comprehensive snapshot of the available cash resources. The Washington Balance Sheet Support Schedule — Cash Balance includes several key components. Firstly, it lists the beginning cash balance at the start of the reporting period, representing the cash amount carried forward from the previous accounting period. It then details the various sources of cash inflows, such as revenue from sales, investments, loans, or grants received during the reporting period. Additionally, the schedule accounts for cash outflows, including expenses such as payroll, rent, utilities, debt payments, and other financial obligations. This section helps to identify the extent to which the cash balance is utilized for operational and financial activities. By comparing the cash inflows and outflows, one can gauge the level of financial stability and the ability to manage day-to-day expenses. Furthermore, the Washington Balance Sheet Support Schedule — Cash Balance may also feature additional details about any specific cash-related events or transactions that occurred during the reporting period. This could include notable cash acquisitions or dispositions, exceptional financial assistance received, or any extraordinary cash inflows or outflows that may impact the overall financial position of the entity. Different types of Washington Balance Sheet Support Schedule — Cash Balance can include specific categories tailored to various entities or sectors. For example: 1. Government Organizations: This type of cash balance schedule is relevant for state departments, agencies, or public institutions within Washington. It includes cash inflows from taxes, fines, grants, or federal funding, as well as outflows for public services, infrastructure development, and administrative expenses. 2. Non-Profit Organizations: Non-profit entities in Washington may have their cash balance schedules, focusing on cash inflows from donations, grants, sponsorships, or fundraising activities. Outflows may include program expenses, charitable contributions, administration costs, and initiatives undertaken to fulfill their mission. 3. Corporations and Businesses: Private sector entities can have cash balance schedules emphasizing cash inflows from sales, investments, assets liquidation, or funding obtained from financial institutions. The outflows may cover various expenses such as salaries, marketing costs, production expenses, debt repayments, and capital investments. In conclusion, the Washington Balance Sheet Support Schedule — Cash Balance provides a comprehensive account of an entity's available cash resources, taking into account the inflows, outflows, and specific cash-related events. This schedule allows stakeholders to assess an organization's financial stability, liquidity, and ability to meet short-term financial obligations. Various types of cash balance schedules are designed to cater to the specific requirements of different entities, such as government organizations, non-profit entities, and private sector businesses.
