16 Free Balance Sheet Templates

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Allow me to share with you these 16 Free Balance Sheet Templates in MS Word and PDF format to help draft your own Free Balance Sheet Templates. You can also download our Debt Snowball Sheet Templates and Silent Auction Bid Sheet Templates.

All balance sheets have the following format. When it’s in one column, assets are listed last, liabilities appear first then net worth and net income.

Examples of common Balance Sheet format.

BALANCE shelves AS of Dec 31 XX. The first column is blank, while the second column shows the balance sheet number and the third column the balance sheet calculation.

Benefits of Balance Sheet Templates:

Allows Projection Calculation:

The balance sheet template that you select should provide you with a projection on your current assets and current liabilities. You can do it by rolling all your current assets, current liabilities, future liabilities, the market values of each of your variable interest items i.e. current income, current expenses, and expected future income, and deducting your current assets minus your current liabilities.

Enables you to Calculate Retained Earnings:

Many of your balanced sheet templates allow you to calculate retained earnings on the basis of gross profit and net profit less the cost of capital. In order to determine your retained earnings, multiply your gross profit by the percentage of your gross profit that is determined on the basis of your retained earnings. For example, if your firm has ten thousand dollars invested in its accounts receivable, your retained earnings will be ten thousand dollars. If the enterprise has three hundred thousand dollars in accounts payable, your retained earnings will be five hundred thousand dollars. These are the standard rules used by most balance sheet templates.

Avoids the Possibility of Duplication:

Most balance sheets have only two categories of items, i.e., accounts receivable and accounts payable. This is to avoid the possibility of duplication of items. However, if you have more than one category in your balance sheet format, such as “total assets”, “current liabilities”, “short-term debt”, and “long-term debt”, you should consider including a graphic image of each item, to illustrate.

Allows you to Create Additional Entries:

You can always create additional entries using the default settings for all the accounts in your balance sheet template. However, some financial institutions provide the option of adding an unlimited number of additional entries. To do this, you would have to create a PDF file containing the new entries. It would then be uploaded to the financial institution’s website. Or, you could create your PDF files separately and upload them to your financial institution’s website. The number of entries in a PDF file can be unlimited, but keeping track of multiple sets of data simultaneously can be a daunting task.

Provides the Ability to View the Asset Level:

Many financial institutions provide their clients the ability to view their balance sheets at various asset levels, ranging from the current assets, current liabilities, and historical rates of change in assets and liabilities. If you are reviewing your balance sheet on a regular basis, it can be useful to view your asset balance sheets in this same fashion. You can then go on to review your current liabilities, as well as your long-term debt ratio.

Allows you to Review long-term debt ratios:

A financial statement is a summary of a company’s or organization’s (the account holder’s) long-term financial position. Long-term debt ratios provide an accurate depiction of the amount of money an organization or business is required to borrow to support its operations. Most financial statements also provide information regarding owner equity, retained earnings, and other items. For example, if a company is reporting cash flow rather than cash transactions, it would be appropriate to include information regarding net cash inflows and net cash outflows in the financial statement.

When reviewing financial statements in this format, it will be helpful to look for the following indicators: Debt to Equity, Liabilities, Ownership, and Income Effects. To determine which templates the best address your needs, simply consult a template that addresses all of these components. Many companies offer templates that address each indicator individually; if you find that multiple financial statements address each indicator, you may wish to obtain a single master template that addresses all of the items on each balance sheet.

16 Free Balance Sheet Templates:

 

 

Balance Sheet Template 01

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Balance Sheet Template 02

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Balance Sheet Template 03

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Billing Statement Template 04

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Balance Sheet Template 05

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Balance Sheet Template 06

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Balance Sheet Template 07

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Balance Sheet Template 08

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Balance Sheet Template 09

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Balance Sheet Template 10

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Balance Sheet Template 11

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Balance Sheet Template 12

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Balance Sheet Template 13

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Balance Sheet Template 14

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Balance Sheet Template 15

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Balance Sheet Template 16

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