grandmabee Posted March 5, 2008 Report Share Posted March 5, 2008 New client with 1120S Prior years return only thing on balance sheet is the equipment list as assets and accul depreciation and offset with liablities capital. There is no bank account or anything listed but there is a bank account balance. I have the last 2 years of returns. also the same. How do the try to reconsult the full balance sheet. They do not keep double entry set of books. Any suggestions would be appricated. Thanks, Quote Link to comment Share on other sites More sharing options...
kcjenkins Posted March 5, 2008 Report Share Posted March 5, 2008 Well, if they are not required to include the balance sheet info due to size of business, I would leave it blank this year, but get the info to determine, as close as possible, the ending balance sheet for 2007. Then, set them up at least a basic set of books, at least on your computer. Then, next Dec, you can start working on the ending balance sheet for 2008, and use the estimated one for 2007 Quote Link to comment Share on other sites More sharing options...
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