👋 Welcome to Adnan Sajjad Professional Services Hub 💼 Financial Analyst | ✈️ Travel & Tourism | 📱 Digital Marketing | 🏡 Real Estate © Since 2008
e.g Available at the End
🔗 Key Responsibilities & Achievements:
📊 ERP Systems & Financial Management
Specialized in ERP systems such as Oracle, FoxPro, Tally ERP, and Microsoft Dynamics 365 for financial operations management.
Designed, implemented, and maintained a Chart of Accounts (CoA) for accurate classification of transactions.
Managed multi-currency transactions and intercompany entries across global ERP platforms.
Automated reporting for IFRS compliance, ensuring accurate and timely financial disclosures.
📑 IFRS Compliance & Financial Reporting
Prepared Profit & Loss Statements (P&L), Balance Sheets, Cash Flow Statements, and Trial Balances in accordance with IFRS standards.
Ensured accurate classification of assets, liabilities, equity, revenues, and expenses within the Chart of Accounts (CoA).
Supported external auditors with disclosures, schedules, reconciliations, and compliance reports to meet regulatory requirements.
🧾 Audit Support & Financial Closures
Led monthly, quarterly, and annual financial closures, including bank and ledger reconciliations.
Prepared audit schedules, disclosure notes, and statutory compliance reports for auditors.
Coordinated with auditors, consultants, and regulatory authorities to ensure proper tax filings and statutory reports.
👨🏫 Mentorship & Team Collaboration
Trained and mentored junior accountants on Chart of Accounts setup, IFRS compliance, reconciliations, and financial reporting.
Assisted teams in the adoption of ERP systems, streamlining accounting operations and enhancing efficiency.
📘 Core Accounting & Finance Expertise
Bookkeeping & Documentation: Managed Cash Vouchers (CV), Receipt Vouchers (RV), Payment Vouchers (PV), Journal Vouchers (JV), and processed sales/purchase invoices, POs, and expense claims.
Expense & Cash Management: Managed petty cash, bank reconciliations, and employee wages, while overseeing tax deductions.
Taxation & Compliance: Ensured compliance with GST, VAT, and WHT through proper record-keeping and filings. Prepared corporate tax returns, P&L reports, and annual financial statements.
📈 Financial Analysis & Forecasting
Supported month-end, quarter-end, and year-end closings, ensuring compliance with IFRS standards.
Conducted financial analysis for budgeting, forecasting, and variance analysis, leading to more accurate P&L and Balance Sheet preparation.
🛠️ Technical Skills & Software Proficiency
ERP & Accounting Systems:
Oracle NetSuite (Cloud ERP): Multi-currency management and IFRS reporting.
Microsoft Dynamics 365: Consolidations, reconciliations, and financial reporting.
Tally ERP 9: GST/VAT compliance, financial reporting, and Chart of Accounts management.
FoxPro & Oracle: Customized accounting solutions for various sectors.
1C Enterprise & POS: Retail and distribution accounting platforms.
Finance & Office Tools:
Advanced proficiency in MS Excel (financial modeling, reconciliations, and reporting).
Competent with MS Word, MS PowerPoint, Windows Admin, Adobe Photoshop for presentations and templates.
Microsoft Teams and TeamViewer for remote collaboration.
🔧 Additional Skills
Expert in manual and digital reconciliations across Accounts Payable (AP), Accounts Receivable (AR), bank and cash ledgers.
Process improvement for enhancing financial accuracy and compliance across all financial operations.
📄 View My CV:
🔗 Adnan Sajjad CV – 2025
🆔 Identity Verification:
🔗 Official Identity Card
📬 Contact Me Anytime:
🔗 Contact Adnan Sajjad
ERP & IFRS Certification:
Practical Training in ERP & IFRS-Based Financial Systems
Training in Microsoft Dynamics 365, Tally, Oracle, FoxPro.
NQF & EQF Level 5
🔗 Financial Analyst – ERP & IFRS Certification
🔗 Vocational Professional Certificate – NQF 5 / EQF 5
🔗 Vocational Professional Skills Certificate – NQF 5 / EQF 5
🔗 Higher Education Qualification – B.Com
01/01/2001 – 30/11/2007
Swift Travels Pvt Ltd – Accountant
📍 Karachi, Pakistan
📌 Department: Financial Services
📧 Email: swifttravel@hotmail.com
🌐 Website: Swift Travels
Responsibilities & Achievements:
📑 Maintained accurate financial records (CV, RV, PV, JV).
💰 Managed sales & purchase invoicing, petty cash, and bank reconciliations.
📊 Prepared Profit & Loss Statements and Balance Sheets.
✅ Ensured compliance with tax filings (GST, WHT, corporate returns).
🤝 Supported auditors with financial reports and documentation.
01/01/2008 – 31/05/2012
Concepts Travel Pvt Ltd – Director
📍 Karachi, Pakistan
📌 Department: Travel Agency
📧 Email: adnansajjadnew786@gmail.com
🌐 Website: Concepts Travel
Responsibilities & Achievements:
🏦 Oversaw company financial operations and ERP-based accounting systems.
📌 Designed and implemented Chart of Accounts for compliance.
📊 Prepared financial statements (P&L, Balance Sheet, Trial Balance).
💼 Managed contracts, corporate licenses, and legal compliance.
🌍 Expanded services into international markets and digital platforms.
01/05/2012 – 30/06/2014
ONLINE Concepts Travel Pvt Ltd – Freelancer / Self-Employed (Commission Based), Director
📍 Online (Remote) – Karachi, Pakistan
📌 Department: Travel Agency
Responsibilities & Achievements:
💻 Transitioned company operations to online freelancing.
📑 Provided accounting, ERP setup, and IFRS-based reporting remotely.
📈 Increased efficiency by digitizing financial processes.
🤝 Built international client relationships through freelancing platforms.
01/03/2015 – 30/06/2018
ONLINE Concepts Travel Pvt Ltd – Freelancer / Self-Employed (Commission Based), Director
📍 Online (Remote) – Karachi, Pakistan
📌 Department: Travel Agency
Responsibilities & Achievements:
📊 Prepared financial statements for clients worldwide.
🧾 Handled ERP configurations and reconciliations (AP/AR, ledgers).
📑 Supported audits, tax filings, and compliance reporting.
💼 Continued to expand remote freelance financial services.
01/07/2018 – 31/10/2019
Golden Travel Services – Accountant
📍 Karachi, Pakistan
📌 Department: Travel Agency
📧 Email: gts@hotmail.com
🌐 Website: Golden Travel Services
Responsibilities & Achievements:
📌 Managed bookkeeping, invoicing, and reconciliations.
📑 Prepared company financial statements and tax returns.
🏦 Ensured compliance with VAT/GST and WHT filings.
🤝 Coordinated with external auditors and banks for reporting.
01/11/2019 – Present
Concepts Travel Pvt Ltd – Freelancer / Online Professional services hub (Commission Based), Director
📍 Online (Remote) – Karachi, Pakistan
📌 Department: Financial Services
🌐 Website: ONLINE-Concepts Travel
Responsibilities & Achievements:
💻 Providing freelance accounting & ERP financial services globally.
🧾 Designing Chart of Accounts and preparing IFRS-compliant reports.
📊 Specializing in reconciliations, P&L, Balance Sheets, and tax compliance.
🌐 Offering consultancy on ERP systems (Tally, Dynamics 365, Oracle, FoxPro).
🎯 Supporting SMEs and enterprises with strategic financial insights
IMPORTANT MESSAGE ATTENTION!
I, Adnan Sajjad, ensure that well-structured accounts strengthen a company’s reputation. With my expertise, I design customized Charts of Accounts with clear codes and sub-codes, guaranteeing accurate posting in the right account. This approach keeps your books error-free, enables quick recovery of old entries, and provides reliable data for departmental inquiries. I also specialize in Bank Reconciliation, helping directors and accountants avoid misunderstandings and ensuring balance sheets reflect the true financial position. My services safeguard against partner misreporting, dividend discrepancies, and hidden liabilities when evaluating existing or acquired businesses. By hiring me, you gain trusted expertise that reveals the actual financial status of your company. Why You Waiting For Contact now Adnan Sajjad Contact Form
🏗️ STRUCTURE OF CHART OF ACCOUNT
ERP & IFRS compliance,
Adnan Sajjad Multi Services Professional Hub
1.Assets
Current Assets → Cash, Bank, AR per service, Prepaids, GST/VAT, Inventory.
Non-Current Assets → Office equipment, Furniture, ROU Assets, Intangibles.
2.Liabilities
Current Liabilities → AP per service, Advances, Deposits, Taxes payable.
Non-Current Liabilities → Loans, Lease Liabilities, Security Deposits.
3.Equity
Share Capital, Retained Earnings, General Reserves, Partner Drawings, Revaluation.
4.Revenue
Travel (Domestic airlines by carrier, International airlines by carrier, Inbound Tours, Outbound Tours, Visa, Insurance, Hotel, Bus, etc.).
HR, Financial Analyst, Real Estate, Digital Marketing, Scholarships, E-Commerce, Holographic Assistant, Shipping/Logistics, Smart Home Equipment, Telecom, Import/Export Consulting, Sales Consulting.
5.Cost of Sales (COS)
Direct cost per service (Airlines, Hotels, Visa, Insurance, Marketing cost, Shipping cost, etc.).
6.Operating Expenses
Salaries, Rent, Utilities, Marketing, Training, Insurance, ERP fees, Fuel/Transport, Stationery, Entertainment, Repairs, etc.
7.Other Expenses
Depreciation, Bank Charges, FX Loss, Tax Expense.
8.ERP Mapping Layer
Oracle, Tally, SAP, Dynamics.
9.IFRS Mapping Layer
IFRS 9, 13, 15, 16 adjustments, Deferred Revenue, Bad Debt, Fair Value.
10.Employee Accounts
Salaries payable, Advances, Sub-accounts per employee.
Copyright © 25-Sep-2025. All rights reserved. Powered by Adnan Sajjad.
Copyright © 25-Sep-2025. All rights reserved. Powered by Adnan Sajjad.
💰 1010 – Cash in Hand
💵 1020 – Petty Cash
🏦 1030 – Bank Accounts (General)
1031 – Bank Al Habib
1032 – Faysal Bank
📋 1040 – Accounts Receivable (General Customers)
1041 – Cash Customer
1042 – Customer – Adnan Sajjad (c/o)
1043 – Customer – Sajjad Hussain (c/o)
1044 – Customer – Noman Sajjad (c/o)
1045 – Customer – Imran Sajjad (c/o)
1046 – Customer – Arsalan Sajjad (c/o)
1047 – Customer – Arman Adnan (Employee c/o)
1048 – Customer – Yousuf Adnan (Employee c/o)
1049 – Customer – Yasim Adnan (Employee c/o)
📑 1050 – Prepaid Expenses (General)
1051 – Prepaid Insurance
1052 – Prepaid Rent
1053 – Prepaid Subscriptions
1054 – Prepaid Service Contracts
1055 – Prepaid Taxes
1056 – Prepaid Travel & Hotel Bookings
1057 – Prepaid Utilities
1058 – Prepaid Software Licenses
1059 – Prepaid Advertising Costs
💼 1060 – Advances to Employees
🌍 1070 – Foreign Currency Receivables
🧾 1080 – GST/VAT Input Receivable
📦 1090 – Inventory / Stock-in-Trade
🖥️ 1510 – Office Equipment
💻 1520 – Computers & Devices
🪑 1530 – Furniture & Fixtures
📜 1540 – Right-of-Use Assets (IFRS 16)
🛠️ 1550 – Accumulated Depreciation
💡 1560 – Intangible Assets (ERP/IFRS)
🧾 2010 – Accounts Payable (Vendors General)
✈️ 2011 – Travel & Tourism Services Payable
2011.1 – Domestic Airlines Payable
2011.1.1 – PIA Payable
2011.1.2 – Airblue Payable
2011.1.3 – AirSial Payable
2011.1.4 – Serene Air Payable
2011.1.5 – Fly Jinnah Payable
2011.2 – International Airlines Payable
2011.2.1 – Emirates Airlines Payable
2011.2.2 – Thai Airways Payable
2011.2.3 – Qatar Airways Payable
2011.2.4 – Flydubai Payable
2011.3 – Inbound Tour Payable
2011.4 – Outbound Tour Payable
2011.5 – Visa Fee Payable
2011.6 – Travel Insurance Payable
2011.7 – Hotel Booking Payable
2011.8 – Bus/Railway Ticket Payable
2012 – Real Estate Services Payable
2013 – Digital Marketing Services Payable
2014 – Financial Analyst Services Payable
2015 – HR & CV Services Payable
2016 – Student Scholarship Services Payable
2017 – E-Commerce Services Payable
2018 – Holographic Assistant Services Payable
2019 – Shipping & Logistics Services Payable
2021 – Electric & Smart Home Equipment Payable
2022 – Telecommunication Services Payable
2023 – Trade Import/Export Consulting Payable
2024 – Sales Consulting Services Payable
💸 2020 – Accrued Expenses
💰 2030 – Customer Advance / Booking Deposit
💵 2040 – GST/VAT Payable (17%)
💵 2050 – WHT Payable (1.4%)
💼 2060 – Payroll Liabilities
🔒 2070 – Security Deposits Received
💳 2510 – Loan Payable
🏠 2520 – Lease Liability (IFRS 16)
💰 3001 – Share Capital (Authorized: 5000 shares @ PKR 100 each)
3001.1 – Share Capital – Adnan Sajjad (1664 shares = PKR 166,400)
3001.2 – Share Capital – Sajjad Hussain (834 shares = PKR 83,400)
3001.3 – Share Capital – Noman Sajjad (834 shares = PKR 83,400)
3001.4 – Share Capital – Imran Sajjad (834 shares = PKR 83,400)
3001.5 – Share Capital – Arsalan Sajjad (834 shares = PKR 83,400)
💵 3020 – Retained Earnings
📈 3030 – Revaluation Reserve (IFRS)
💸 3040 – Dividend Payable (General)
3041 – Dividend Payable – Adnan Sajjad
3042 – Dividend Payable – Sajjad Hussain
3043 – Dividend Payable – Noman Sajjad
3044 – Dividend Payable – Imran Sajjad
3045 – Dividend Payable – Arsalan Sajjad
🔄 3050 – Partner Drawings (Optional)
3051 – Partner Drawings – Adnan Sajjad
3052 – Partner Drawings – Sajjad Hussain
3053 – Partner Drawings – Noman Sajjad
3054 – Partner Drawings – Imran Sajjad
3055 – Partner Drawings – Arsalan Sajjad
📦 3060 – General Reserves
4011 – Domestic Airlines Revenue
4011.1 – PIA Revenue
4011.2 – Airblue Revenue
4011.3 – AirSial Revenue
4012 – International Airlines Revenue
4012.1 – Emirates Airlines Revenue
4012.2 – Thai Airways Revenue
4012.3 – Flydubai Revenue
4013 – Inbound Tour Revenue
4014 – Outbound Tour Revenue
4020 – Airline Ticket Commissions
4030 – Visa/Documentation Fees
4031 – Travel Insurance Fees
4040 – Hotel Booking Revenue
4050 – Cancellation/Refund Charges (All Services)
4060 – Bus/Railway Ticketing Revenue
4070 – Foreign Exchange Gain
4080 – Miscellaneous Travel Income
4200 – Financial Advisory Revenue
4201 – Financial Consultant Fees Revenue
4300 – HR & CV Consultancy Revenue
4400 – Real Estate Sales Revenue
4410 – Real Estate Brokerage Revenue
4500 – Digital Marketing Revenue
4510 – Digital Campaign Revenue
4600 – Student Scholarship Advisory Revenue
4700 – E-Commerce Sales Revenue
4800 – Holographic Assistant Revenue
4900 – Shipping Line & Logistics Revenue
4910 – Customs Handling Revenue
5000 – Equipment Sales Revenue
5100 – Telecommunication Revenue
5200 – Trade Import/Export Consulting Revenue
5300 – Sales Consulting Revenue
5400 – Service Revenue (General Consulting)
6010 – Domestic Airline Ticket Cost
6011 – International Airline Ticket Cost
6020 – Hotel Booking Cost
6030 – Visa Processing Charges
6031 – Travel Insurance Cost
6040 – Agent Commission Paid
6050 – Vendor Package Cost
6060 – Domestic Refunds (Cancellation)
6061 – International Refunds (Cancellation)
6100 – Financial Consultant Fees (Paid)
6200 – HR & CV Processing Cost
6300 – Cost of Real Estate Sales
6310 – Property Marketing Cost
6400 – Cost of Digital Marketing Services
6410 – Social Media Ad Spend
6500 – Scholarship Services Cost
6600 – Cost of Goods Sold (E-Commerce)
6700 – Holographic Assistant Project Costs
6800 – Shipping Costs
6810 – Customs Handling Costs
6820 – Port Charges
6900 – Equipment Purchase Cost
6910 – Production Labor Cost
7000 – Telecom Service Cost
7100 – Import/Export Costs
7200 – Sales Consulting Cost
7300 – Salaries & Wages
7301 – Salaries – Adnan Sajjad
7302 – Salaries – Yousuf Adnan
7303 – Salaries – Arman Adnan
7304 – Salaries – Yasim Adnan
7310 – Rent & Office Expenses
7320 – Travel Agent Commissions
7330 – Marketing & Advertising
7340 – Utilities & Internet
7341 – Electricity Bill
7342 – Gas Bill
7343 – Internet Bill
7344 – Water Bill
7350 – Repairs & Maintenance
7360 – Software & Tools
7370 – Training & Development
7380 – Insurance
7390 – Legal & License Fees
7391 – Lawyer Fees
7392 – Auditor Fees
7393 – License Renewal Fees
7400 – Stationery & Printing
7410 – Entertainment Expenses
7420 – Fuel & Transportation
7500 – Depreciation (ERP/IFRS)
7510 – Bank Charges & Finance Costs
7520 – Exchange Loss
7530 – Income Tax Expense
8010 – Oracle GL Mapping
8020 – Tally Ledger Groups
8030 – Dynamics 365 Cost Centers
8040 – SAP Travel Extension
9010 – IFRS 15 Deferred Revenue
9020 – IFRS 16 Right-of-Use Asset
9030 – IFRS 16 Lease Liability
9040 – IFRS 9 Bad Debt Provision
9050 – IFRS 13 Fair Value Adjustments
9100 – Employee Accounts (General)
9101 – Arman Adnan
9102 – Yousuf Adnan
9103 – Yasim Adnan
9200 – Employee Salaries Payable
9201 – Salary Payable – Arman Adnan
9202 – Salary Payable – Yousuf Adnan
9203 – Salary Payable – Yasim Adnan
Formula:
Net Income = Total Revenue – Total COS – Operating Expenses – Other Expenses – Tax
K. 📊 NET INCOME (Profit or Loss)
Formula for Net Income Calculation:
Total Revenue = Sum of all revenue accounts:
Total Revenue = 4011 + 4012 + 4020 + ⋯ + 4600
Total Expenses = Sum of all expense accounts:
Total Expenses = 5010 + 5020 + 5030 + ⋯ + 6100
Net Income (or Loss) = Total Revenue - Total Expenses
Net Income (Loss) = Total Revenue - Total Expenses
✅ This is Adnan Sajjad Multi Services Professional Hub full integrated Chart of Accounts
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Copyrights © 21 Sep-2025 Adnan Sajjad. All rights reserved. Powered by Adnan Sajjad
Formula:
Adjusted Bank Balance = Bank Statement Ending Balance + Deposits in Transit − Outstanding Checks − Bank Fees
Code Example:
📝 1030: Bank Accounts
💵 1031: Deposits in Transit
✂️ 1032: Outstanding Checks
💳 1033: Bank Fees
Example Bank Reconciliation Calculation:
Bank Statement Ending Balance = ₨50,000
Deposits in Transit = ₨5,000
Outstanding Checks = ₨4,000
Bank Fees = ₨200
Adjusted Bank Balance = ₨50,000 + ₨5,000 − ₨4,000 − ₨200 = ₨50,800
Formula:
Adjusted A/R Balance = Customer Statement Ending Balance + Unmatched Invoices − Payments Not Recorded
Code Example:
📋 1040: Accounts Receivable
📄 1041: Unmatched Invoices
💸 1042: Payments Not Recorded
Example A/R Reconciliation Calculation:
Customer Statement Ending Balance = ₨15,000
Unmatched Invoices = ₨2,000
Payments Not Recorded = ₨1,500
Adjusted A/R Balance = ₨15,000 + ₨2,000 − ₨1,500 = ₨15,500
Formula:
Adjusted A/P Balance = Vendor Statement Ending Balance + Unmatched Invoices − Payments Made but Not Recorded
Code Example:
📑 2010: Accounts Payable
📋 2011: Unmatched Invoices
💵 2012: Payments Made but Not Recorded
Example A/P Reconciliation Calculation:
Vendor Statement Ending Balance = ₨10,000
Unmatched Invoices = ₨1,000
Payments Made but Not Recorded = ₨500
Adjusted A/P Balance = ₨10,000 + ₨1,000 − ₨500 = ₨10,500
Formula:
Adjusted GL Balance = Subsidiary Ledger Balance + Unrecorded Transactions − Journal Entries Reversals
Code Example:
📊 3000: General Ledger
📜 3001: Unrecorded Transactions
📝 3002: Journal Entries Reversals
Example GL Reconciliation Calculation:
Subsidiary Ledger Balance = ₨50,000
Unrecorded Transactions = ₨3,000
Journal Entries Reversals = ₨1,000
Adjusted GL Balance = ₨50,000 + ₨3,000 − ₨1,000 = ₨52,000
Formula:
Adjusted Intercompany Balance = Subsidiary 1 Balance + Unrecorded Intercompany Transactions − Intercompany Adjustments
Code Example:
🔄 3100: Intercompany Transactions
📜 3101: Unrecorded Intercompany Transactions
⚖️ 3102: Intercompany Adjustments
Example Intercompany Reconciliation Calculation:
Subsidiary 1 Balance = ₨20,000
Unrecorded Intercompany Transactions = ₨1,500
Intercompany Adjustments = ₨500
Adjusted Intercompany Balance = ₨20,000 + ₨1,500 − ₨500 = ₨21,000
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Copyrights © 21 Sep-2025 Adnan Sajjad. All rights reserved. Powered by Adnan Sajjad
A Balance Sheet is a financial statement that provides a snapshot of a company’s financial position at a specific point in time. It is divided into two main sections:
📊 Assets
💼 Liabilities and Equity
The Balance Sheet Equation is as follows:
Assets = Liabilities + Equity
Assets are classified into two categories:
Current Assets: Assets that are expected to be converted into cash or used up within one year.
Non-Current Assets: Long-term assets that are not expected to be converted into cash or consumed within one year.
A. Current Assets
💵 1010 - Cash in Hand
💰 1020 - Petty Cash
🏦 1030 - Bank Accounts
🏧 1031 - Bank Al Habib
🏦 1032 - Faysal Bank
📜 1040 - Accounts Receivable (Customers)
👤 1041 - Adnan Sajjad
👤 1042 - Arman Adnan
👤 1043 - Yousuf Adnan
👤 1044 - Yasim Adnan
💸 1045 - Cash Customer
📑 1050 - Prepaid Expenses
📜 1051 - Prepaid Insurance
📜 1052 - Prepaid Rent
📜 1053 - Prepaid Subscriptions
📜 1054 - Prepaid Service Contracts
📜 1055 - Prepaid Taxes
📜 1056 - Prepaid Travel & Hotel Bookings
📜 1057 - Prepaid Utilities
📜 1058 - Prepaid Software Licenses
📜 1059 - Prepaid Advertising Costs
💼 1060 - Prepaid Deposits
💼 1060 - Advances to Employees
💱 1070 - Foreign Currency Receivables
🧾 1080 - GST/VAT Input Receivable
B. Non-Current Assets
🖥️ 1510 - Office Equipment
💻 1520 - Computers & Devices
🪑 1530 - Furniture & Fixtures
🏠 1540 - Right-of-Use Assets (IFRS 16)
📉 1550 - Accumulated Depreciation
Liabilities are also divided into two categories:
Current Liabilities: Liabilities that are due within one year.
Non-Current Liabilities: Long-term liabilities that are due after one year.
A. Current Liabilities
📑 2010 - Accounts Payable (Vendors)
🌍 2011 - Travel & Tourism Services
✈️ 2011.1 - Emirates Airlines
✈️ 2011.2 - Thai Airways
✈️ 2011.3 - Qatar Airways
✈️ 2011.4 - Flydubai
✈️ 2011.5 - Airblue Airline
✈️ 2011.6 - Pakistan International Airlines (PIA)
✈️ 2011.7 - Serene Air
✈️ 2011.8 - Fly Jinnah
✈️ 2011.9 - AirSial
📜 2020 - Accrued Expenses
💸 2030 - Customer Advance / Booking Deposit
🧾 2040 - GST/VAT Payable (17%)
💵 2050 - WHT Payable (1.4%)
💼 2060 - Payroll Liabilities
B. Non-Current Liabilities
💳 2510 - Loan Payable
🏢 2520 - Lease Liability (IFRS 16)
Equity represents the residual interest in the assets of the entity after deducting liabilities. It includes the company’s shareholders' equity, retained earnings, and dividends.
💼 3010 - Share Capital
💸 3020 - Retained Earnings
📈 3030 - Revaluation Reserve (IFRS)
💵 3040 - Dividend Payable
Here’s how you can structure your Balance Sheet:
Balance Sheet as of [Date]
🧾 Assets
Amount (PKR)
💼 Liabilities and Equity
Amount (PKR)
Current Assets
🪙 Cash in Hand
[Amount]
🪙 Petty Cash
[Amount]
🏦 Bank Accounts
[Amount]
💼 Accounts Payable (Vendors)
[Amount]
📑 Accrued Expenses
[Amount]
💸 Customer Advance / Booking Deposit
[Amount]
💳 GST/VAT Payable (17%)
[Amount]
💵 WHT Payable (1.4%)
[Amount]
📅 Payroll Liabilities
[Amount]
📜 Accounts Receivable
[Amount]
💱 Foreign Currency Receivables
[Amount]
📜 GST/VAT Input Receivable
[Amount]
Non-Current Liabilities
💳 Loan Payable
[Amount]
🏢 Lease Liability (IFRS 16)
[Amount]
Total Current Assets
[Total Amount]
Non-Current Assets
🖥️ Office Equipment
[Amount]
💻 Computers & Devices
[Amount]
🪑 Furniture & Fixtures
[Amount]
🏠 Right-of-Use Assets (IFRS 16)
[Amount]
📉 Accumulated Depreciation
[Amount]
Total Non-Current Liabilities
[Total Amount]
Total Liabilities
[Total Liabilities]
Equity
💼 Share Capital
[Amount]
💸 Retained Earnings
[Amount]
📈 Revaluation Reserve (IFRS)
[Amount]
💵 Dividend Payable
[Amount]
Total Non-Current Assets
[Total Amount]
Total Assets
[Total Amount]
Total Equity
[Total Equity]
Total Liabilities and Equity
[Total Liabilities and Equity]
Total Assets = Total Liabilities + Total Equity
Assets are the resources the company owns, and include current assets (cash, receivables) and non-current assets (property, equipment).
Liabilities are what the company owes and include both current (due within 12 months) and non-current (long-term debts).
Equity represents the owner’s claim on the business after all liabilities are paid off.
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