Last year I didn't have to do a balance sheet. So for 2017 I just entered my cash balance at beginning of year and end of year. The rest of the balance sheet looks like this:
Beginning of tax year:
Assets:
Cash $22,282
Total Assets $22,282
Liabilities/Equity:
none entered
Balance:
$-22,282
End of year:
Assets:
Cash $13,319
Total Assets $13,319
Liabilities/Equity:
Retained earnings $12,574
Total Liabilities/Equity $12,574
Balance:
$-745
Does this even matter since I am the only member? Or will the IRS not like my balance sheet?
