Free Balance Sheet Templates

Use this simple, easy-to-complete, printable balance sheet template to determine your overall financial outlook. Enter details of your fixed and long-term assets, current and long-term liabilities, and see your resulting or net worth. Save this template as a day-by-day, month-by-month, or year-over-year balance sheet — or enter projected figures — to see your financial position and how close you are to reaching your financial goals.

Download Basic Balance Sheet Template

Excel | Smartsheet

Get quick, at-a-glance data on how the current fiscal year compares to previous years by using this up-to-the-minute template. Enter the current year’s assets, liabilities, and equity data to gain insight into current equity as compared to the previous year’s — in the adjoining column. You can also add additional columns for each year’s progress, and save this template for individual years for quick year-by-year comparisons.​

‌ Download Year-to-Date Balance Sheet Template

This balance sheet template gives you comparative year-to-year data so that you can view the big picture of you or your company’s financial health. Set “Current Year” or “Prior Year” as either calendar or fiscal years, depending on your needs. Having this yearly data at your fingertips allows you to compare assets and liabilities from one year to another, and provides you with insights into how you can continually increase your equity — and profitability.

‌ Download Yearly Balance Sheet Template

Companies, organizations, and individuals use balance sheets to easily calculate their equity, profits, or net worth by subtracting their liabilities from their assets in order to get an overall picture of their financial health. A balance sheet also serves as a company or organization’s financial position at specified time, such as daily, end-of-month, quarter, or year-over-year. Regardless of the type of balance sheet (simple, business-related, or calendar-specific), they all use the same simple formula/ratio:

Whereas a simple balance sheet template allows you to easily fill in the basic assets and liabilities information for a quick glimpse at your financial outlook, a more robust template, such as a small business balance sheet, is useful for entering current assets details, such as accounts receivable and inventory details.

Certain detailed balance sheet templates, such as the trucking balance sheet template, allow you to track equity on a truck-by-truck basis. Readymade details are built in to each template — such as the investment property template — which gives you the ability to factor in all details relating to an investment property’s growth in value, including property costs, expenses, rental and taxable income, selling costs, and capital gains. Calendar-specific templates automatically give you daily, monthly, quarterly, or year-over-year balances, for easy side-by-side comparison.

Regardless of your line of business, all balance sheet templates have standard, pre-set formulas that factor in the following details to keep your financial details balanced and accurate:

Assets:

• Current Assets: Short-term assets that can be converted to cash within a short period of time, including checking and savings account balances, accounts receivable (owed to your business), inventory, prepaid expenses, short-term investments, and other liquid assets.

• Fixed Assets: Long-term assets such as property, cars, equipment, stocks and bonds, and intangible assets.

• Total Assets: The total amount of your current, fixed, and various other assets.

Liabilities:

• Current Liabilities: Debts or obligations that are usually due within a year, including accounts payable, short-term loans, income taxes payable, salaries and wages, and unearned revenue.

• Long-term Liabilities: Financial obligations such as loans and debt and deferred income tax.

• Total Liabilities: A combination of current and long-term liabilities.

Owner’s Equity: The value of your company once your liabilities are subtracted from your assets (also called your net worth).

Additionally, balance sheet templates allow you to enter projected figures, so that (for example) you can see what your quarterly figures must be in order to beat your previous year’s profits. 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. Similarly, the Trucking Company Balance Sheet allows you to keep track of profitability on a truck-by-truck basis, so that all pertinent details can be added to each of our individual balance sheet templates.

Using detailed, use case-specific balance sheet templates can give you insight into your company’s financial strength, and allow you to easily compare yourself with similar companies and gain a quick view your company’s net worth. Consider using a tool that lets you track and share your balance sheets with key stakeholders and members of your financial team.

Smartsheet is an enterprise work execution platform that is fundamentally changing the way businesses and teams work. Over 74,000 brands and millions of information workers trust Smartsheet to help them accelerate business execution and address the volume and velocity of today's collaborative work.

Use Smartsheet to boost visibility into your finance operations. Make real-time updates and share details with stakeholders to increase transparency and accountability. Self-service reports and dashboards in Smartsheet ensure that everyone is working with the most up-to-date information, so that no detail is missed and you are able to make the right decisions at the right time.

Discover how Smartsheet can help you maximize your finance operations efforts, today.

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