Sample Balance Sheet Template for Excel. The balance sheet is a very important financial statement that summarizes a company's assets (what it owns) and liabilities (what it owes). A balance sheet is used to gain insight into the financial strength of a company. You can also see how the company resources are distributed and compare the information with similar companies. Advertisement. No balance sheet statement is complete (in my opinion) without an income statement to go along with it. Free Balance Sheet Templates Balance Sheet In financial accounting, a balance sheet summarizes an organization's financial position at a specific point in time. As a small business owner, I find the income statement to be more useful in the general operation of the business, but the balance sheet is still a critical accounting tool that provides a key piece of information. The balance sheet informs company owners about the net worth of the company at a specific point in time. This is done by subtracting the total liabilities from the total assets to calculate the owner's equity, also known as shareholder's equity (for corporations) or simply the net worth. This excel balance sheet template comes complete with helpful tips, dynamic formulas and multiple download options. Download it free here. The following balance sheet example is a classified balance sheet. Download More Sample Balance Sheets Whether you are a business person or student of business. ![]() Description. Download our free Balance Sheet template, designed for the small- business owner. It includes common financial ratios and works well for a two- year comparison. See below for more information on the different asset and liability categories. Balance Sheet Essentials. The Accounting Equation: Assets = Liabilities + Owner's Equity. Current Assets. The term current in a balance sheet generally means . Common current assets includes cash (cash, coin, balances in checking and savings accounts), accounts receivable (amounts owed to your business by your customers usually within 1. In includes the owner's investment(s) and retained earnings (the portion of the profits reinvested in the business). For corporations, there are usually more categories (see the references below). Balance Sheet References. Disclaimer: This balance sheet spreadsheet and the information on this page is for illustrative and educational purposes only. We do not guarantee the results or the applicability to your financial situation. You should seek the advice of qualified professionals regarding financial decisions.
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