How To Make A Website's Balance Sheet

Every proper business needs a balance sheet. This website is a business, so of course it has a balance sheet. Balance sheets are great for getting a snapshot of the business. With a quick glance and you can see how liquid the website is. How much debt is owed. What assets it has. And most importantly owner's equity.

For more information see my blog post A Webmaster's Balance Sheet.

Balance Sheet as of Jan 09, 2012
AssestsLiabilities and Equity
Total Assets2,101.69Total Liabilities2,101.69
Current AssestsCurrent Liabilites
Cash1,312.39Salary Owing20,525.00
Pre-Paid Hosting0.00
Pre-Paid Domain39.75
Sub Total1,352.15
EquipmentEquity
Computer1,500.00Owners Equity-18,423.31
Desk150.00
Chair75.00
Sub Total1,725.00
Less Amortization
Computer907.40
Desk45.37
Chair22.68
Sub Total975.45
    NOTES:
  • All values are calculated on a daily basis.
  • For amortization the life expectency values are: Computer 5 years, Table 10 years, Chair 10 years.
  • Wages owing are based on a $25/hour salary. Wages Owing = Total Hours Worked 821 * 25. These wages are owed to me - the only employee.

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Roman

My name is Roman and I want to provide you with an honest account of what it takes to make money with a website.

When I started this website in January 2009, I thought I would be rich by May.  I was wrong - really wrong. 

At the beginning I did not know anything about websites, SEO, blogs, and how long it takes to make money with a website.

Since then I have learned a lot. By revealing my journey I hope this website will help prepare you for yours .

Feel free to contact me with any questions or comments and visit my Google+ page.