Balance Sheet Templates

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1 Year Balance Sheet Templates


balance-sheet-template-llc

Balance Sheet Template for an LLC
$4.95


File Type: Excel spreadsheet
Size: 3,986 kb
Pages: 2

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balance-sheet-template-corporation

Balance Sheet Template for a Corporation
$4.95


File Type: Excel spreadsheet
Size: 3,986 kb
Pages: 2

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balance-sheet-template-sole-proprietor

Balance Sheet Template for a Sole Proprietor
$4.95


File Type: Excel spreadsheet
Size: 3,986 kb
Pages: 2

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More Balance Sheet Templates

Monthly Balance Sheet Templates with Ratios
1 Year Balance Sheet Templates with Ratios
3 Year Balance Sheet Templates with Depreciation calculation
5 Year Balance Sheet Templates with Depreciation calculation

Do you need a basic Balance Sheet template to prepare a Balance Sheet for your bank? Or just some blank Balance Sheet templates for different legal entities? These are Excel templates of Balance Sheets. You don't need to be an advanced Excel user. You can easily modify these templates yourself. The basic Balance Sheet structure is there, the totals are calculated for you and there is an edit feature to make sure your Balance Sheet actually balances!

These Excel Balance Sheet templates will give you or your bank a quick view of the financial state of your business at a specific time period. They are basic Balance Sheet templates, which can be further customized, if you'd like. Most often all we need is a Balance Sheet format to plug our numbers into.

After finalizing your purchase, you will be able to download zipped files. These balance sheet templates will be available for you to download 3 times within the next 120 days.

These Balance Sheet templates were created by a finance professional with a CPA certification. Using financial templates will save you hundreds if not thousands in time and money. Make sure your computer comes with Microsoft Excel Software. Many computers come preloaded with Microsoft Excel.

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Importance of the Balance Sheet

Balance Sheet is one of the four basic financial statements (Balance sheet, Income statement, Statement of retained earnings, Statement of cash flows), but most people focus their attention on the income statement and do not give enough time to the analysis of the balance sheet. And yet the balance sheet contains information about the business which can help prevent unpleasant surprises, if read and understood correctly.

The Balance Sheet is sometimes referred to as the statement of financial position. The balance sheet states the assets, liabilities and shareholder's equity of a business at a specific date. The information contained in the balance sheet enables us to analyze a company's liquidity, solvency and financial flexibility.


Balance Sheet Elements

Assets

Probable future economic benefits obtained or controlled by a particular entity as a result of past transactions or events.

Liabilities

Probable future sacrifices of economic benefits arising from present obligations of a particular entity to transfer assets or provide services to other entities in the future as a result of past transactions or events.

Equity

Residual interest in the assets of an entity that remains after deducting its liabilities. In a business enterprise, the equity is the ownership interest1.

If you would like the above expressed in plain English, here it is:

Assets – everything a company owns (cash, inventory, furniture, etc.)
Liabilities – debts the company owes (loans, lines of credit, credit card balances).
Equity – company's owners' claims such as company stock and residual value of the company.

The main balance sheet elements are then further subdivided into sub–classes:

Assets
  • Current Assets
  • Long–Term Investments
  • Property, plant and equipment
  • Intangible Assets
  • Other Assets
Liabilities
  • Current Liabilities
  • Long–Term Debt
Owner's Equity:
  • Capital Stock
  • Additional Paid–In Capital
  • Retained Earnings
Balance Sheet Analysis
Learn how to analyze a balance sheet in terms of company's liquidity and solvency using financial ratios such as the current ratio, quick (or acid) ratio, debt to asset ratio and debt to equity ratio.

Sample Balance Sheet
An example of a corporate balance sheet with brief explanations for each of the components.

1. Elements of Financial Statements of Business Enterprises,Statement of Financial Accounting Concepts No. 6 (Stamford, Conn.: FASB, 1085),paras. 25,35 and 49.


Read more about the Balance Sheet here.

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