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Balance Sheet Template

Provided by Business Owner's Toolkit, Content Partner for the SME Toolkit


Benefits: A balance sheet is a financial "snapshot" of your business at a given date in time. It includes your assets and liabilities and tells you your business's net worth. You've probably seen a formal balance sheet for other businesses, or have paid an accountant to do one for yours. If you would like to try preparing a balance sheet for your business, you can use the balance sheet template, contained in the attached file, as a starting point. Just plug in your account balances and the spreadsheet will automatically compute all the subtotals and totals and tell you if your balance sheet doesn't balance.

Although the template is an example of a balance sheet for a sole proprietorship, you can quickly modify it for a corporation or partnership. You can add or delete account titles, revise the format, or otherwise modify it to suit your needs.

File Description: The file contains a Microsoft Excel (version 4.0 and above) spreadsheet template. Once you've downloaded the file, you must copy it to your EXCEL\XLSTART directory in order to use it.

Special Features:

  • Download this balance sheet template just once, and be able to use it over and over again.
  • The spreadsheet contains the essential items that need to be considered when preparing a balance sheet.
  • The spreadsheet can be completely customized - you can quickly add or delete items or revise the format to meet your needs.
  • The spreadsheet is easy to use. Just plug in your numbers and it will automatically compute all the subtotals and totals and even tell you if your balance sheet doesn't balance.

 

Attachments:
Balance Sheet Template

Copyright © 2014 Toolkit Media Group, a Wolters Kluwer business. All Rights Reserved.

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