Free Balance Sheet Template for Small Business

For growing businesses, equity is a key indicator of financial health and long-term value creation. Liabilities should be included in any free balance sheet template to help you keep debts organized. You’ll find these asset categories in any solid balance sheet template. You should note that balance sheets vary by business size and industry.

A balance sheet shows a company’s financial position on a specific date, often at the end of an accounting period. Along with the balance sheet, the income and cash flow statements make up the trio of core financial statements. We show you how to complete it and explain what each section includes. Preparing balance sheets can quickly become time-consuming and tiring without the right processes and tools. Automation eliminates these repetitive tasks and helps you save significant time, which you can redirect to other tasks.

Non-operating assets sit outside your core operations, providing financial flexibility without directly contributing to your daily business activities. These include investment securities, excess cash reserves, and other assets not actively used to generate revenue or support operations. While they don’t drive day-to-day productivity, they serve as a financial backup plan—resources that can be leveraged for unexpected needs, strategic opportunities, or long-term growth initiatives. We have listed the top free balance sheet templates in both Report and Account formats.

• A balance sheet has the details of a company’s assets, liabilities, and equity and it shows the financial health of a company.
• There is space at the top of the spreadsheet for you to customise it for your company by entering your company name, and the date the balance sheet was created.
• You can customize this template by adjusting the categories and values to suit your specific needs.
• For one, they help small businesses understand their current financial health.

Financial reporting

The key to keeping your balance sheet “balanced” is your assets must always add up to the same total as liabilities and equity combined. The balance sheet structure is easy to follow and understand, with assets first, followed by liabilities and shareholder equity. The balance sheet is a historical report that owners can use to make business decisions to keep the company on the right financial path.

Designed for small businesses

While other financial statements track changes over weeks or months, a balance sheet gives stakeholders an immediate view of the organization’s financial health. Whether you need to know if the company can pay its bills, you want to evaluate debt levels, or you need to understand available resources, the balance sheet answers these questions at a glance. This makes it an invaluable tool for strategic financial planning, analysis, and decision-making. Whether you’re preparing to meet with stakeholders or conducting internal planning, using a reliable balance sheet template can help you prepare balance sheets faster and with greater confidence.

Get your free balance sheet template today

• Downloading the template is completely free and takes moments—no login needed.
• A balance sheet is a financial document that gives you a snapshot of your business’s assets, liabilities, and owner’s equity at a moment in time.
• It is a very straightforward tool for organizing your financial data and is worth trying.
• Or, you can start with the balance sheet template, add up all your assets, liabilities, and equity and fill in the template to prepare the balance sheet.
• This includes short-term loans, unpaid bills to suppliers, or taxes you need to pay soon.

It includes the business’s assets, liabilities, and shareholder equities. A balance sheet is one of the key instruments in evaluating a business. Non-operating assets can be classified as either fixed or current assets, depending on their nature.

How can balance sheets help small businesses?

With our templates, sharing your refined reports is easier than ever—simply download or share via link, print, or email for enhanced reach and impact. Drag the fill handle to the right to can calculate the total liabilities and owner’s equity for the year 2022. There are five main financial results we can get from a balance sheet. Recheck your data thoroughly to see if you need to make any corrections. When you are writing a business plan for your next adventure, a carefully calculated balance sheet can help you look into the future and improve business strategy.

Assets can be of different types like, current and non-current, tangible and intangible, and operating and non-operating. Some examples of assets are short-term deposits, buildings, office supplies, patents, machinery and equipment, and marketable securities. A simple balance sheet template allows you to structure financial data in an orderly format.

However, we understand that you may not be able to download and test each one to find a perfect fit. Here is a list of Balance sheet templates that automatically calculate total assets, liabilities, and net worth. The first step is to put your company name at the very top of the balance sheet – make sure to put the full name of your company. Then, write the date which the balance sheet refers to – this is the moment in time which you are providing a ‘snapshot’ of. Non-current liabilities (or long-term liabilities) are those liabilities which are due to be paid back but over a long time period, usually longer than a year. These often include things like long term loans and deferred tax liabilities.

By fixing it in advance, you will save time and money further down the line. No need to mess with formatting or formulas; this balance sheet template is built for you to just start adding your numbers. Equity represents your stake in the business, including owner’s equity, retained earnings, and contributed capital. You can think of equity as what would balance sheet template be left over if you sold all your assets and paid off all your liabilities. This figure is crucial for understanding your business’s net worth and tracking its growth over time. Enter your information below to receive your free balance sheet template.