Roofing Balance Sheet Template

Next, complete the AR Aging sheet using your open invoices. List each unpaid job with the customer name, job address, invoice date, and amount. The sheet automatically buckets each balance by age and feeds the total into current assets on the balance sheet. Pay attention to the 60+ day column — insurance claim jobs frequently sit there while adjusters and mortgage companies process paperwork, and you need to distinguish between invoices that will collect and those that are genuinely at risk. Then fill in the Balance Sheet directly: pull cash from your bank statement, enter material inventory from your shop count, add prepaid insurance and supplier deposits, and match vehicle loan balances to the individual assets in your register.

The receivables picture for roofing is genuinely more complicated than most trades. A straightforward residential repair job might collect in two weeks. A full replacement with a supplemented insurance claim can take 90–120 days: the initial payment comes in, the homeowner signs the check over and a supplement is filed, the mortgage company holds the depreciation amount until inspections are done, and the final check doesn't arrive until the job paperwork is fully closed. Tracking these balances in an AR aging report — separated from quick-pay cash jobs — gives you an accurate view of your real liquidity. Treating a 90-day insurance claim as equivalent to a 10-day cash job overstates how quickly that money is available.