Balance Sheet Sanity Check for a Small Company
Check that the sheet balances and tells a coherent story.
Added October 15, 2026. Written with AI assistance and checked for clarity and placeholders; not reviewed by a lawyer, accountant, clinician or other professional. How these prompts are made
The Open buttons send the prompt text as currently shown below to that site only when you click. Fill in the placeholders first.
[VERIFY] is an editorial flag, not a blank to fill. Wherever the prompt shows [VERIFY], check that item against a reliable source before you use it (what [VERIFY] means).
Check a small company balance sheet. The balance sheet at two year-ends: [BALANCE_SHEETS]. Notes on loans, owner contributions and large purchases: [NOTES]. The profit for the year: [PROFIT]. Verify that assets equal liabilities plus equity, that retained earnings movement matches profit less distributions, that loans and repayments agree with statements, that asset values are not unusually high or low, and that working capital makes sense. Show the arithmetic. Return a reconciliation table with Item, Opening, Movement, Closing and Question, a short plain-language reading of the company's position without recommending action, and the questions to put to an accountant. Accounting rules are [VERIFY] for [JURISDICTION]. Also compare the sheet with the trend in cash and debt, and explain in plain language which line has changed most and what could have caused it. Label every assumption, keep forecasts as ranges rather than predictions, and tag legal, tax and reporting requirements [VERIFY] for [JURISDICTION] before I rely on them. Finish with a summary of how the recommended changes affect cost, time and risk, using only the figures I supplied and marking any estimate clearly as an estimate.
Fill in before use
Optional: type your details and the prompt above updates. Nothing is saved or sent.
Replace each bracketed placeholder with your own details, then paste into Any AI or another assistant.