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Download Balance sheet Excel Template

The balance sheet is a very important financial statement that summarizes a company’s assets (what it owns) and liabilities (what it owes). However this is useful to gain insight into the financial strength of a company. You can also see how the company resources are divide and compare the information with similar companies.

No balance sheet statement is complete without an income statement to go along with it. As a small business owner, I find the income statement to be more useful in the general operation of the business. However the balance sheet is still a critical accounting tool that provides a key piece of information.

Balance sheet meaning

The balance sheet informs company owners about the net worth of the company at a specific point in time. This is by subtracting the total liabilities from the total assets to calculate the owner’s equity, also known as shareholder’s equity or simply the net worth.

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 Formula

The Accounting EquationAssets = Liabilities + Owner’s Equity

Balance sheet accounts

Current Assets

The term current in a balance sheet generally means “short-term” which is usually one year or less. 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 10-60 days), inventory (goods for sale), and prepaid expenses (e.g. insurance and rent).

Long-Term Assets

These assets include long-term investments,

  • cost of property and equipment (e.g. land, buildings, equipment, tools, furniture, computers, vehicles, etc.)
  • offset by accumulate depreciation,
  • intangible assets (e.g. patents, contracts, trademarks, copyrights, and goodwill), and other assets (like defer income tax arising from the loss of value of property that can’t be as a tax deduction until the property is sold).
Current Liabilities

These include the obligations to pay within one year, including accounts payable, short-term loans, income taxes payable, wages, unearned revenue , and the current portion of long-term debt.

Long-Term Liabilities

These include long-term debt (notes, mortgages), capital lease obligations (leases structure as loans), and deferred income tax (the tax due on the increase in value of an investment security).

Owner’s Equity (or Stockholders’ Equity for corporations)

This is basically the amount left over when you subtract Total Liabilities from Total Assets. It includes the owner’s investment(s) and retained earnings (the portion of the profits reinvested in the business).

How to Use this Balance sheet Excel template

Our editable Excel templates for data analysis are easy to use and can save you a significant amount of time and effort. Here’s how to download and use one of our templates:

  1. Download: Once you’ve browsed through our collection of templates and find the one that best fits your needs. Once you’ve found the template you want, click on the download button.

  2. Replace sample data with your actual data: Once the template is downloaded, open it in Excel. You’ll see that it is already set up with sample data. To start analyzing your own data, simply replace the sample data with your actual data.

  3. Customize the template: Our templates are completely editable, which means you can customize them to fit your specific needs. For example, you can change the formatting, add or remove columns, or create new charts and graphs.

  4. Use the Excel template: Once you’ve fed in your data and customized the template, you’re ready to start using it for data analysis. Use the various tools and features of Excel to analyze and visualize your data, and make informed business decisions.

  5. Save and share: Once you’ve finished working on the template, save it to your computer and share it with other members of your team or stakeholders as needed.

In summary, our editable Excel templates for data analysis are easy to use and can save you a significant amount of time and effort. Simply, download the template, replace sample data with your actual data, customize it as per your requirement, use it for data analysis, and save or share it with others as needed. With our templates, you can quickly and easily analyze your data and make informed business decisions.

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