How it works
Assets = liabilities + equity and income/cash reconciliations are checked only when all components are supplied. Common-size analysis divides income items by revenue and balance-sheet items by total assets. Growth requires a positive prior base and comparable reporting periods.
Formulas and conventions
- Assets − liabilities − equity = balance-sheet residual.
- Gross profit = revenue − cost of sales; operating income = gross profit − operating expenses.
- Net income = operating income + other income/expense − interest − taxes.
- Ending − beginning cash = operations + investing + financing + foreign exchange + other adjustments.
- Growth = (current − prior) / prior × 100; zero or negative prior values do not produce a normal growth percentage.
Worked example
Illustrative example: assets1000 = liabilities600 + equity400, residual0. Equity390 would produce a residual10. Opening cash100 + operations160 − investing60 − financing20 + adjustments0 = closing cash180. Revenue800→1000 and profit80→100 grow25%.
Assumptions and limitations
- Figures are manual entries or illustrative examples; no company data is loaded.
- Use compatible currency, scale, accounting definitions and reporting periods. No foreign exchange conversion.
- Public formulas run in browser memory; financial entries are not transmitted or stored.
- This is not an audit, investment recommendation, or guaranteed outcome.
- Missing values are not inferred and manual figures are not verified by the SEC.
- No automatic filing ingestion, OCR, or account connections.
Reconciliation tolerance is half a reporting unit and the residual is always shown. Quarterly periods require 70–105 days; annual periods 350–380 days. Figures are not annualized and currencies are not converted. Enter foreign exchange and other cash adjustments explicitly, including zero.
Sources and freshness
References explain accounting or business context. This tool states its specific formula conventions; no source verifies your entries.
- SEC — Beginners’ Guide to Financial Statements — U.S. Securities and Exchange Commission
- SEC EDGAR filing search — U.S. Securities and Exchange Commission
- SEC EDGAR API documentation (future integration reference) — U.S. Securities and Exchange Commission
Mathematical method reviewed: · Current. Reviewed when the method changes. Your company figures do not have an official verification date in this tool.
Frequently asked questions
Must I complete every statement?
No. Quick input supports selected figures. Incomplete checks are distinguished from inconsistent statements, without automatic filling.
What balance tolerance is used?
Half a reporting unit:0.50 for units,500 for thousands and500000 for millions. The exact residual is shown beside the tolerance.
Why might cash not reconcile?
Foreign exchange, restricted cash or other adjustments may apply. Keep the cash definition consistent and enter explicit zeros where appropriate.
Are SEC figures downloaded?
No. You can consult EDGAR and manually enter figures and an official filing link. The link does not verify your data or trigger a download.