Interlocking Balance Sheet and Income Statement
[F]
I'm starting a company and have prepared a four-year proforma statement of income. Now I need to prepare proforma balance sheets and statements of cash flow. I know that current retained earnings less previous retained earnings from the balance sheet equal current net income from the income statement. However, I've never created a balance sheet "from scratch."
I don't know how to take my information from the projected income statement to populate the balance sheet. Do you know how to approach this process or do you have a recommended website?
Thank you,