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The Best Balance Sheet Template

Equity—what your business is worth after debts or liabilities have been taken care of—is calculated on a balance sheet. A balance sheet lists your assets and liabilities. Knowing this information is essential to keeping your business financials in check.

To keep things simple, the free balance sheet template from FreshBooks help you manage your numbers with ease. It’s the perfect guide for creating your first balance report.

Ready to check your balances and keep your finances in order?

Get Your Free Balance Sheet Template

The balance sheet example from FreshBooks makes calculating your business equity simple.

Just download the free template and customize the form in seconds. Choose the file type that works best in your preferred program to keep things simple. You can use word processing programs like Microsoft Word, Google Docs or Excel. Spreadsheets are wonderful when it comes to organizing items and calculating numbers.

All of the report templates from FreshBooks are available for download in .xls, .doc, PDF, Google Docs and Google Sheets. The power to create the perfect balance sheet is in your hands.

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Free Balance Sheet Format

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What is a Balance Sheet?

A balance sheet is a financial report that lists your business’s assets, liabilities and equity. Your assets are everything that belongs to your business; for example, the money in your account, investments and physical capital. Liabilities are essentially debts. This could be money that you owe or products and services that have been paid for but have yet to be rendered. Equity is basically the networth of your business. You can find that number by subtracting your liabilities from our assets.

A balance sheet organizes all of this information in a way that is easy to read and understand. You can create yours today with the help of the balance sheet template from FreshBooks.

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Why Use a Sample Balance Sheet?

When it comes to accounting, creating financial reports with errors isn’t typically something you want to do. Good news is, the balance sheet templates from FreshBooks are here to help you out. When you follow a template, you’ll be sure to include the numbers you need.

The FreshBooks balance sheet sample will save you time and money on your accounting. Download the template in the format of your choice, and customize it to fit your needs.

Want to automate your accounting and balance tracking? Let FreshBooks take over your books. Get started today.

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How Do I Use a Balance Sheet Template?

Checking your balances have never been easier. Fill out your balance sheet template to calculate your business equity in minutes.

1

Choose a File Type

Choose the format that you want to use to customize your balance sheet.

2

Download A Free Template

Download your free sample balance sheet from FreshBooks

3

Input Assets

Create a list of assets. Break them down by category.

4

Add Liabilities

What debts does your business have? Do you have services yet to be rendered? Add these to your sheet.

5

Calculate Equity

Subtract liabilities from assets to determine your business’s equity. Input it in the specified field.

6

Review the Information

Go over all of the data you’ve entered one last time to make sure you haven’t made any errors.

 

More Free Accounting Resources

FreshBooks offers a variety of free accounting templates for business owners like you who are trying to take their accounting into their own hands. These templates are helpful for businesses of all sizes. Get yours today.

Balance Sheet Template by FreshBooks
 

Frequently Asked Questions

What items are included on a balance sheet?

Balance sheets include equity, assets and liabilities. Having this information on-hand helps you make informed business decisions

What balance does a balance sheet show?

The balance reflected by a balance sheet is equity—which is assets minus liabilities. Knowing your equity will give you an idea of how your business is doing and how much it is worth.

Do I need any other sheets besides a balance sheet?

General ledgers are often considered the second half of the important accounting report duo. The two documents contain many of the same items but are not identical. Having both will help you keep your finances in check.

Is FreshBooks free?

FreshBooks offers a wide variety of free accounting and balance sheet templates. But if you want to save time on your accounting, we also offer automated accounting software. Manage all of your finances online.

How do I customize by balance sheet template?

Once you download the free balance sheet template in your chosen format, you have many ways to customize it to your needs. Add your business name, logo, contact information, income, expenses and more. You have access to even more customization with FreshBooks accounting software.

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