This is a real good example of why a lot of small businesses should not be S Corps.

They have no idea how to keep corporate books and records.

Without a balance sheet and trial balance, how confident are you in the P&L numbers?

The "template" could be the Schedule L itself.

The Balance Sheet should be generated through the accounting system.

Read the 1120S instructions for the exception for when it is not required.

And let me guess-no payroll either?