Balance Sheet Template
Balance Sheet Template
This template for the balance sheet gives you a starting point to create your company’s financial statement, displaying the total assets, liabilities, and shareholders’ equity.
Below is a screenshot of the balance sheet template:
What is a Balance Sheet?
A balance sheet is a financial statement that displays the assets, liabilities, and equity for both historical and projected reporting periods. It is constructed based on the accounting principle stating that assets equal liabilities plus equity. Unlike the income statement, which covers a period of time, the balance sheet provides a static snapshot of a company’s financial standing at one point in time.
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Steps for Using the Balance Sheet Template
- Download the template
- Input your own numbers in place of the example numbers in the blue font color cells
- Add or cut line items as needed (select the row with your mouse, right click and choose Insert, or Delete)
- Ensure that the formulas in the black font color cells include all your new line items
- You now have your own balance sheet
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