The Best Balance Sheet Template
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.
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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.
If spreadsheets work best for you, keep things simple with the balance sheet template Excel. With easy to use functions and familiar formatting, it guides you through the balance sheet basics to get you right where you want to be.
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.
With the balance sheet template Google Sheets provides, you’ll be filling in fields with ease. It keeps the spreadsheet format tidy and accurate, allowing you to balance numbers swiftly.
If you prefer a different format, the Google Docs balance sheet template is fully customizable and lets you arrange things in a format that works best for you and your needs.
You can even project future business growth or loss by using a balance sheet forecast template — letting you make the best decisions possible for the future of your company.
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Free Balance Sheet Format
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 net worth 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.
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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.
Choose a File Type
Choose the format that you want to use to customize your balance sheet.
Download A Free Template
Download your free sample balance sheet from FreshBooks
Create a list of assets. Break them down by category.
What debts does your business have? Do you have services yet to be rendered? Add these to your sheet.
Subtract liabilities from assets to determine your business’s equity. Input it in the specified field.
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.
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.
There are two other documents that go alongside the balance sheet and complement the general ledger. These are the income and cash flow statements.
The income statement keeps track of any income the business has been generating in a broader sense by looking at elements such as depreciation or inflation, while the cash flow statement measures exactly how much cash flow a company has generated.
How does a balance sheet help my business?
Creating a business balance sheet is vital to thoroughly understanding your business finances. It breaks down the value of your business from your assets to your liabilities, so that you can make educated and competent decisions about the future of your business.
An investor will be carefully looking at the accounts generated before making an informed decision. Making sure that your margin and cash accounts are in order are an important step to fulfil before approaching investors.
By using a balance sheet template in either Excel spreadsheets or Google Sheets spreadsheets, you can easily balance your numbers and create an organized and accurate professional financial statement.
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.
What kind of balance sheet formats are available?
FreshBooks provides a range of accessible and easily formattable balance sheet formats, so that you can fill in your financial details with ease. Choosing the right business balance sheet template or you will depend on your preferred programs as well as your business needs.
The balance sheet format in excel is a great way to compare year-to-year financial information, as well as any fluctuations in net worth or assets. Choosing the excel balance sheet template is a great place to start, as it is a simple, straightforward and easily customizable company balance sheet.
If you’re looking for a more concise look at your business finances, check out the balance sheet report from FreshBooks. It provides a summary of your business assets, liabilities and equity so you can have a quick overview of your finances.
For the best sample balance sheets, visit FreshBooks. Find the right format that suits you, and start making informed decisions regarding the health of your business, today.
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