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What is a Balance Sheet Template?

Balance Sheet Template

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Balance Sheet Template

A balance sheet template is a pre-formatted document, often in spreadsheet software like Microsoft Excel or Google Sheets, that provides a standardized structure for presenting a company’s assets, liabilities, and equity at a specific point in time. It helps businesses easily create and maintain their balance sheets by providing a clear layout and organization of the financial data.

A simple balance sheet template typically includes the following sections:

Using a balance sheet template helps ensure that the financial data is presented in a consistent and easily understandable format, making it simpler for business owners, investors, and other stakeholders to analyze the company’s financial position.

Example of a Balance Sheet Template

Here’s a simple balance sheet template:

CategorySubcategoryAmount
Assets
Current Assets
Cash10,000
Accounts Receivable8,000
Inventory12,000
Total Current Assets30,000
Non-Current Assets
Property, Plant & Equipment50,000
Total Non-Current Assets50,000
Total Assets80,000
Liabilities
Current Liabilities
Accounts Payable6,000
Total Current Liabilities6,000
Non-Current Liabilities
Long-Term Debt10,000
Total Non-Current Liabilities10,000
Total Liabilities16,000
Equity
Common Stock40,000
Retained Earnings24,000
Total Equity64,000
Total Liabilities and Equity80,000

This table shows a simple balance sheet with assets, liabilities, and equity sections. Each section is broken down into current and non-current categories. The total assets, total liabilities, and total equity are displayed at the bottom. The sum of total liabilities and total equity should equal the total assets.

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