Basic Balance Sheet Template

Includes current assets fixed assets equity and current and long term liabilities.

Basic balance sheet template. Balance sheet simple report on your assets and liabilities with this accessible balance sheet template. When the balance sheet is completed and the starting and ending cash balances that are calculated the cash flow statement is the next financial statement to tackle. Balance sheet templates such as the investment property balance sheet above allow you to easily factor in details such as property costs expenses rental and taxable income selling costs and capital gains. For clarity and ease of analysis we recommend you combine categories to fit into this compressed format.

A balance sheet template allows year over year comparison including accumulated depreciation. I also have a basic balance sheet template in excel that you can download for free. Most people find it useful to express the values in thousands. Similarly the trucking company balance sheet allows you to keep track of profitability on.

Generally it is a financial statement which is used to show what are the assets as well as liabilities of the business for a stated period of time. This was achieved using six transactions which are explained in six steps. Below is a completed sample balance sheet.