Free Small Business Balance Sheet Templates

A small business balance sheet template is a statement of assets, liabilities, and equity. Monthly, quarterly, and annual balance sheets provide insight into gradual financial changes. Balance sheet templates are essential to maintaining financial statements and measuring financial health. 

If you are a current or prospective small business owner, it’s imperative that you track your liabilities and assets. Doing so will ensure you have accurate information regarding how your company invests and spends money. A complete balance sheet allows you to identify areas of concern and patterns in profit and loss.  

A small business balance sheet template typically includes the following line items for tracking your business's financial position: 

• Current Assets: List things your small business currently owns, such as cash, inventory, short-term investments, prepaid expenses, and accounts receivable.  
• Fixed (Long-Term) Assets: Write down any assets, such as patents, vehicles, and equipment that benefit the company for longer than one year.
• Current Liabilities: This category includes anything your small business pays out routinely, such as rent, wages, administrative costs, supplies, and accounts payable.
• Long-Term Liabilities: List any company debt, such as long-term loans. 
• Owner’s Equity: Once your liabilities are paid, this is what your business is worth. 
• Current Ratio: This number is determined by comparing your current assets to your current liabilities. 
• Debt Ratio: A company’s debt ratio is the percentage of assets that have been financed through debt. To calculate your debt ratio, divide your total liabilities by your total assets.
• Working Capital: Working capital is a measure of how much money a business has on hand to cover its everyday expenses. To calculate your working capital, subtract your current liabilities from your current assets.
• Assets-to-Equity Ratio: Assets-to-equity ratio is the percentage of a company's assets that belong to the owners, compared to the company’s total assets. To calculate your assets-to-equity ratio, divide your total assets by the owner’s equity.
• Debt-to-Equity Ratio: Debt-to-equity ratio is the percentage of a company's assets that were paid for by borrowing money versus how much was paid for by the owners. To calculate your debt-to-equity ratio, divide your total liabilities by the owner’s equity. 
• Common Financial Ratios: These are various ratios a company uses when comparing assets, liabilities and owner’s equity.