Free balance sheet for small business will help you save time creating it from scratch. This post will provide you with a template that you can download.
Balance sheet also function as financial statements that are the end result of the process of recording a company’s financial transactions that show the company’s financial condition in one accounting period.
Balance sheet is an overview of the performance of a company. Financial reports must be owned by small business.
The most basic financial reports that are usually used are the cash flow statement, income statement and balance sheet.
Financial statements will benefit investors, creditors. These two are important if you are looking for them for further business growth.
Here is the free balance sheet for small business template that you can download.
You can copy the simple template below straight into a spreadsheet. Every balance sheet follows one rule: Total Assets = Total Liabilities + Owner’s Equity. If the two sides don’t match, an entry is missing or recorded twice.
| Balance Sheet — [Business Name] — as of [Date] | Amount ($) |
|---|---|
| Current Assets | |
| Cash and bank balances | |
| Accounts receivable | |
| Inventory | |
| Prepaid expenses | |
| Fixed (Non-Current) Assets | |
| Equipment, furniture and vehicles | |
| Less: accumulated depreciation | ( ) |
| TOTAL ASSETS | |
| Current Liabilities | |
| Accounts payable | |
| Short-term loans and credit card balances | |
| Taxes and wages payable | |
| Long-Term Liabilities | |
| Long-term loans | |
| TOTAL LIABILITIES | |
| Owner’s Equity | |
| Owner’s capital contributed | |
| Retained earnings | |
| TOTAL EQUITY | |
| TOTAL LIABILITIES + EQUITY (must equal Total Assets) |
Tip: prepare the balance sheet on the same date each period (for example, the last day of each month or quarter) so you can compare how your assets, debts and equity change over time. This template is a general starting point, not accounting or tax advice; ask an accountant if your business has more complex items.
Balance sheet for small business available here is the simplest one. You can download it and make your own adjustment. Good luck.
