Free Balance Sheet Templates

A balance Sheet informs about the financial position of a business. It thoroughly analyzes business assets, liabilities, and equity.

Download our free Balance Sheet template.

Example Corporation Balance Sheet

What is Balance Sheet?

A Balance Sheet is one of the primary business financial statements. It includes the business’s assets, liabilities, and shareholder equities. A balance sheet is one of the key instruments in evaluating a business. 

We have included the balance sheet template and balance sheet examples. You can also use this as a personal balance sheet template if you run a home-based business or a sole proprietor business

What we commonly see is called a classified balance sheet which is easy to read as it is properly subcategorized. 

Download a Balance Sheet Template Below

Balance Sheet

Simple balance sheet template

Download our basic balance sheet template xls to get a snapshot of your company’s financials.

Balance sheet template download

Balance Sheet

Business balance sheet template Excel

Get a better understanding of how your business is doing by filling in this free balance sheet template in Excel.

Balance sheet template Excel download

Balance Sheet

Balance sheet template Google Sheets

In just a few steps, you can create your own balance sheet by using this Google Sheets template.

Download Google Sheets balance sheet template 

Balance Sheet Format


Assets include everything the company owns. There are two types of assets on the balance sheet; current or short-term assets and long-term assets or non-current assets. 


Liabilities are one of the two things that a company owes; the other is equity. Like assets, liabilities are also short-term and long-term liabilities. Liabilities include debts and obligations owed to the outside parties. 


Equity is the owner’s money or stake in the business. Equity is also called the net worth of your business. You can calculate equity by subtracting liabilities from assets. 

How Balance Sheet Helps you with Business Planning

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. A forecast balance sheet will help you plan better. Your business plan is incomplete if you do not have a detailed balance sheet. 

Balance Sheet Equation

The balance sheet can be summarized in one simple formula. Balance Sheet is 

Assets = Liabilities + Equity 

The balance sheet is equal on both sides of the table,i.e. The assets are always equal to the sum of liabilities and equities. The balance principle makes sense. If your business owns something (as an asset), it is financed by either the shareholders’ money or the owners’ money (equity). The same goes for the liabilities and equities side as a company gains assets against liabilities and equities. 

Depending on the different industries, there may be some differences in the balance sheet for different companies. However, the line items are almost always the same.

Balance Sheet

What goes on a Balance Sheet?

There are three parts to a balance sheet;

  1. Assets
  2. Liabilites 
  3. Equity

A balance sheet is divided into two sides. It shows the assets on the left side and liabilities and equity on the right side. As the name suggests, both sides are equal at the end of the sheet. 

How to prepare a balance sheet?

You can prepare a balance sheet in 6 simple steps.

1. Chose the file type for the Balance Sheet template

You can choose from a balance sheet excel template or Google Sheets template above. 

2. Download the Template

Download the free balance sheet template using the download links mentioned with them. 

3. Input Assets

Calculate your assets and put the number into the balance sheet template. 

4. Add Liabilities 

Calculate your debts and other obligations in one place, record the number and fill in the template. 

5. Calculate Equity

Take out the liabilities from your assets to get your business’s equity. Write this number in the relevant field. 

6. Review the Information 

Recheck your data thoroughly to see if you need to make any corrections. If no correction is needed, your balance sheet is ready. 

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Frequently Asked Questions

What is a balance Sheet?

A balance sheet is a type of business statement that includes a business’s assets, liabilities, and equity. It shows the financial health of a business. 

What is retained earnings on a balance sheet?

Retained earnings are the sum of all the profits and losses of a company over the time the company is operational. The retained earnings go to the liabilities and this money is kept for the sake of paying the shareholders in case of a business buyout or sale.

What does a balance sheet show?

A balance sheet shows the company’s worth. A balance sheet gives a comprehensive picture of a business. It gives information about the business assets, liability, and equity at a glance.

What is on a balance sheet?

A balance sheet is one of the core statements and reports about a business. A balance sheet has the details of a company’s assets, liabilities, and equity and it shows the financial health of a company.

What account does not appear on the balance sheet?

Off-Balance Sheet (OBS) assets do not appear on the balance sheet. The OBS assets are also called incognito leverage shelter the financial statements from financing activity, asset ownership, and any related debts. 

What are balance sheet accounts?

Balance Sheet accounts record the company’s transactions regarding its assets, liabilities, and equity. The balance sheet account help sorts such transactions for preparing an annual balance sheet.

What is a long-term liability on a balance sheet?

Long-term liabilities are the debts that are payable after 12 months. On the opposite, the short-term liabilities are the ones payable within 12 months. 

How to read a balance sheet?

A balance sheet is organized in two parts and three heads. On the left side, the assets are mentioned. On the right side, liabilities and equity are mentioned. Both sides are equal as assets are always equal to the sum of liabilities and equity. 

How to calculate net income from the balance sheet?

You can find the net income from a balance sheet using this formula. 

Net Income = Revenues- cost of goods sold – expenses 

How to make a balance sheet?

Making a balance sheet is easy and straightforward. If you have an income statement for your company, just download our free balance sheet template here and put in the data from the income statement. The balance sheet template excel format will automatically make the calculations. Your balance sheet is ready. 

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. 

How to find retained earnings on a balance sheet?

Take out the liabilities from the company’s assets, this is your stockholder equity. Subtract the common stock line item from the stockholder equity and you will get the retained earnings. 

On the assets side, you can find the retained earnings as capital that the company earned but did not pay in the dividends. 

Download Pack of 03 Balance Sheet Templates PDF

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