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Balance Sheet Template: Quick
"Snapshot" of Your Business
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 spreadsheet 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.
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 Download
Now: Balance sheet template
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Download this spreadsheet
template just once, and be able to use it over and over
again. |
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The spreadsheet contains
the essential items that need to be considered when
preparing a balance sheet. |
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The spreadsheet can be
completely customized — you can quickly add or delete
items or revise the format to meet your needs.
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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.
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