Balance Sheet Format in Excel, PDF, Word

Stop struggling with manual balance sheets! Download the free balance sheet format or use the Raseed app to auto-generate the balance sheet effortlessly.

Get Download Professional Bill Invoice Formats

Free format for invoicing download and customize according to your requirements at free cost.
Accounting Balance Sheet

Accounting Balance Sheet

Assets and Liabilities
Assets and Liabilities
Balance Sheet
Balance Sheet
Common Size Balance sheet
Common Size Balance sheet
Consolidated Balance Sheet Template
Consolidated Balance Sheet
Final Account Balance sheet
Final Account Balance sheet
Horizontal Balance Sheet

Horizontal Balance Sheet

Ledger Balance Sheet
Ledger Balance Sheet
Projected Balance Sheet
Projected Balance Sheet
Tally Balance Sheet
Tally Balance Sheet

Use Free Balance Sheet Templates to Customize. Try Raseed for FREE!

We’ve put in a lot of effort to make sure you get the best Balance Sheet format template possible
All versions are print friendly
Built from Scratch
Include essential invoice elements
Automatically calculate subtotal & grand total amount
Consistently formatted

What is Balance Sheet ?

Balance Sheet
A balance sheet is a financial statement that provides a snapshot of a company’s financial position at a specific time. It outlines the company’s assets, liabilities, and shareholder equity. Assets reflect what the company owns, liabilities reflect what it owes, and shareholder equity reflects the net worth of the company’s shareholders.

Importance of Balance Sheets

Importance of Balance Sheets

Through a balance sheet, you can get an overview of what your company owns (assets) and what your company owes (liabilities), making it more straightforward for you to plan out the next steps and come up with an effective strategy.

By understanding your financial strengths and comparing them with your competition, you can find the areas that need attention and start working on them right away. By subtracting the value of liabilities from assets, we get the owner’s equity or merely the net worth of a company at any specific point in time. Thus, an accounting balance sheet format is a critical accounting tool and an essential indicator of information regarding a company’s financial health.

Key Elements & Components of a Balance Sheet

Key Elements and Components of Balance Sheet

Understanding balance sheets is essential to utilise the maximum benefits it carries with itself. Various organisations and individuals use balance sheets to calculate the net worth of a business. The net worth or shareholders’ equity is determined by subtracting the liabilities from assets at any specific point in time. It serves as the financial position of a business on a daily, monthly, quarterly, or yearly basis. All balance sheets follow the basic formula to determine the equity.

Equity = Assets – Liabilities

Raseed offers you much more than a simple format of balance sheet. Along with the basic functionality of adding assets and liabilities for a quick business outlook, it provides you customization to enter other useful attributes like cash flow, working capital, income-generating assets, accounts receivables, long-term assets, and further inventory details.”

Industry-specific balance sheet formats allow you to track equity regularly, like a trucking balance sheet format India enables simplified tracking of equity on a truck-by-truck basis. Similarly, calendar specific formats provide an automatic comparison on a daily, weekly, monthly, quarterly, or yearly basis. All balance sheet templates come with pre-set formulas for determining accurate results.

Current Assets:

The current assets (also known as current accounts) represent all the organizations’ assets that are expected to be either consumed, exhausted, sold, or used by employing the standard procedures and business operations within a year. The current assets constitute various attributes like cash and cash equivalents, prepaid liabilities, liquid assets, marketable securities, and other stock inventories.
Current assets are short-term assets that are essential for running a business, either by paying for the daily expenses or by getting used during the business operations. These assets are capable of being liquidated at a fair price in a short-term period, often one year. Depending on the industry’s nature and the products or services marketed by an organisation, current assets can vary vastly.
Balance Sheet Assest
Balance Sheet Fixed Assets
Fixed Assets:
The fixed assets (also known as capital assets) represent the tangible equipment or property pieces that any business utilise to generate revenue during their business operations. The term “fixed” translates that these assets take a large amount of time to liquidate and are not supposed to be converted into cash within a calendar year. However, tangible assets are subject to periodic depreciation.
Fixed assets appear in the balance sheet as property, plant, and equipment (PP&E) in most cases. Fixed assets are tangible, and are usually disposed of for a salvage value near the end of their useful life. Capital assets can be used to get credit when necessary, and they attract investors as they hold long-term values. Purchasing fixed assets is termed an investment and is a strong indicator to the investors that the company possesses growth potential.
Current Liabilities:
The current liabilities (also known as short-term debt) represent an organisations’ short-term financial obligations. These liabilities are due within a normal operating cycle. Mostly the term of current liabilities lies within the same calendar year. Here the term operating cycle refers to a complete cycle of investment made by the company and returns generated from sales.
These liabilities are usually settled up using the current assets that are to be used within the calendar year. The money owed to a supplier is a perfect example of current liability. Thus, the ratio of current assets to current liabilities plays a crucial role in determining the organisations’ ability to repay its short term debt before due dates.
Some examples of current liabilities include dividends payable, short term debts, accounts payable, and income tax. The analysis of current liabilities against current assets grabs the immediate attention of investors, as it portrays the management capabilities of a business.
Balance Sheet Liabilities
Balance Sheet Long-Term Liabilities
Long-Term Liabilities:
Long term liabilities (also known as long-term debt or noncurrent liabilities) represent an organization’ long term financial obligations. These liabilities are due with tenure over one calendar year, and thus do not require immediate clearance. However, proper planning is required to repay the amount without defaulting it when the due date passes by.
The long term debts are listed separately to get a better idea of the company’s current liquidity. Long term liabilities help in the management of a business using financial ratios. These debts are covered using returns from investment in future, primary business income, and cash from fresh debt inflows.
Some examples of noncurrent liabilities include bond payables, loan against equipment,machinery, or land, deferred tax liabilities, and other long term mortgages. The part of noncurrent liabilities that are due within a calendar year is listed as current portion of long-term debt in the balance sheets.
Owner’s Equity (or Stockholders’ Equity for corporations):
The owner’s equity (often called the net worth) represents the value of a business once all its liabilities are subtracted from the assets it possesses. The term “owner” is used for a sole proprietorship. The term stakeholder’s equity or shareholder’s equity is used if a business is structured as a corporation or LLC.
Owner’s equity = Assets – Liabilities
The owner’s equity includes the following:
  • Money invested by the business owner
  • Profit gains since the inception of the business.
  • Minus token money extracted from the business
  • Minus the debt and other liabilities

Owner’s equity is not listed in the company balance sheet as an asset because it is an asset to the owner of the business, not to the company itself. In case the owner’s equity attains a negative value, the shortfall must be covered through additional investments.

Balance Sheet Equity

Features of Balance Sheet

Here are some useful features of a balance sheet:
Are you a Business Owner?

Take your business to the next level with Raseed!

How to Prepare a Balance Sheet?

Preparing a balance sheet involves several steps:
  • Gather Financial Information: Gather all your financial data, including assets, liabilities, and equity.
  • Organize Assets: Here is the list of all assets, including current assets (cash, inventory) and non-current assets (property, equipment).
  • List Liabilities: Record all liabilities, such as accounts payable, loans, and mortgages.
  • Calculate Stockholder’s Equity: Determine owner’s equity by subtracting total liabilities from total assets.
  • Format the Balance Sheet: Arrange assets on the left and liabilities and equity on the right, ensuring the equation (assets = liabilities + equity) balances.
  • Review and Finalize: Double-check all data for accuracy, completeness, and ensure compliance with accounting standards.
  • Share and Analyze: Distribute the balance sheet to stakeholders to review and analyze the company’s financial health and performance.

Key Features of Raseed Balance Sheet Format

Raseed’s formats help you track assets, liabilities, and net worth. Create daily, monthly, or annual reports. Analyze projections and plan for success with our business accounting software.

Dashboard Management:

The dashboard of Raseed’s free billing software helps to check the status of your business, and you can also easily track your business data and other useful information across all areas of the entity. The dashboard is user-friendly, making it easy to use.
By clicking on the left side corner of the Raseed, you can easily add company details and print those details into your invoice with the correct settings. You can get cash-in-hand, bank balance, stocks, and other important information about the financial health of your unit in one place.
Dashboard Management
Data Safety and Security

Data Safety and Security:

Our accounting and invoicing software prioritizes data safety through three key aspects: login security, data encryption, and continuous backup. With the Raseed free accounting App, users can back up their data on Google Drive by enabling Auto Backup.
We are committed to safeguarding user privacy, ensuring that no one, not even Raseed itself, can access user data. We advise changing passwords regularly and keeping backups offline for added security.

Bank Account:

Using Raseed’s free accounting and billing software, companies can easily add, manage and track payments efficiently. Raseed supports multiple payment modes, facilitating seamless data entry from banks or e-wallets.
It is a convenient way to manage accounts, requiring users to link their bank to the business software. Additionally, users can access data from anywhere with internet connectivity.
Bank Account
Business Reports

Business Reports:

After generating invoices, you can utilize the gathered data to generate balance sheets and sales or purchase reports. These reports aid in analyzing various metrics of your business’s growth. Additionally, you can create inventory reports to identify product demand and ensure adequate stock levels.
Simplify tax filing and GST compliance with tax statements. By automating tasks, you can reduce manual workloads and save time for your employees, eliminating the need to hire additional staff and reducing costs.

Varieties of Balance Sheet Formats

Balance Sheet Format in Excel With Formulas:

Excel spreadsheets are among the best ways to provide a detailed description of any entry within a balance sheet. By using a Balance Sheet Format in Excel, you can set up the entries in separate categories. You can label columns for assets and liabilities for all categories, making the balance sheet easier to understand.

Further, the Excel sheets provide the privilege to use the standard calculation formulas within the spreadsheets to carry out complex calculations.
Balance Sheet Formats in Word:
Word format balance sheets are the simplest formats for businesses in a wide variety of domains. Raseed provides you with numerous customizable formats compatible with MSWord. You can mold the format entities according to your business requirements.
Using Word balance sheet formats, you can make your balance sheet professional. You get complete access to the data within the sheet so that you can modify them as you wish. You can easily embed tables within the sheet and display your data in a highly professional way.
Balance Sheet Formats in PDF:
PDF balance sheets are fixed format that are used to create similar balance sheets every time. You can customize a PDF balance sheet format and build a fixed pattern to be followed. Once fixed, you can use the format for creating your balance sheets multiple times using the same formatting for all of them.

Using Raseed’s PDF balance sheets helps build a unique balance sheet format for your business. Using it, you can follow the uniform format for displaying shareholders’ equity across all your business branches. Using Raseed makes it simpler for the accounting team to handle the data.

Balance Sheet Formats in Google Sheets:

You can save time in making recurring balance sheets using balance sheet accounting software. Raseed is home to a large number of built-in google sheet formats for balance sheet formats. Further, Google sheet formats are easy to use and are compatible across all devices.

Balance Sheet Formats in Google Docs:

Raseed provides you with a wide range of highly customisable balance sheets. Our balance sheet formats are compatible with Google Docs and Google Sheets. You can modify the Google sheet formats entirely and use them according to the requirements ofyour business. It can help you display the liabilities and assets of your business in a simplified way.

Balance Sheet Formats for Start-Up Business:
Startups often require simplified yet detailed balance sheets. A pro forma balance sheet is recommended for new companies to help formulate a better business plan. It comprises of year-on-year columns to keep a track on the liabilities and assets growing over time in the short term and long term basis.
Further, a startup balance sheet format consists of the tally of your net worth (shareholders’ equity) along with the working capital. Having such detailed analysis helps foster the growth of a startup and secure fresh capital through loans by understanding the earning potential. It also displays the areas of concern so that they can be eliminated or worked on in the upcoming fiscal year.
Balance Sheet Formats for Non-Profit Organizations:

For a non-profit organization, management of capital and regulation of assets is of interim importance. Using a balance sheet format built using Raseed is perfect for existing or new non-profit organizations. They can be highly customized, right from adding the logo to putting up relevant terms and conditions. You can simply highlight the assets and liabilities to understand the working capital and equity of your organization.

The reusable format is best for creating annualized reports with little effort, thereby saving the time and money required to compile the detailed analysis for a year-long work. You can use this format in MS Excel and Google Sheets according to your convenience. Further, Raseed enables you to save them in your drive for future reference.

Balance Sheet Formats for Small Business:
Small businesses possess great growth potential, and at the same time are vulnerable. Ensuring the success of a small business requires continuous tracking of balance sheets. An industry-specific balance sheet format for small businesses is the best-situated format to track performance.

By using Raseed, you can devise the longevity of your current business plans and understand the liabilities held by your business for short and long terms. It helps you manage the working capital and plan to achieve a better success rate. Further, you can compare your performance with previous years to ensure that you are working efficiently.

Balance Sheet Formats for Self-Employed:
A self-employed balance sheet provides details about the owner’s equity. A sole proprietor’s balance sheet consists of the resources in the possession and the obligations over them in terms of liabilities. The data is calculated as per the end of the day marked in the balance sheet.

Creating a self-employed balance sheet does not differ much from an organizations balance sheet except for minor differences like owner’s equity rather than shareholders’ equity. Raseed enables you to fasten the process of creating a balance sheet and save the time and money required to handle a year-long data.

Frequently Asked Questions

A balance sheet helps assess the financial health of a company, allowing better decision-making for growth. Raseed provides tools to simplify the process.

It consists of assets, liabilities, and shareholder equity, offering an overview of financial standing.

By comparing assets with liabilities and equity, you can assess the financial health of a company.

Assets represent owned resources, while liabilities are the company’s financial obligations.

Assets = Liabilities + Equity.

Common-sized, comparative, and vertical balance sheets.

It’s recommended to prepare it quarterly or annually to track your company’s financial progress.

A balance sheet shows financial position, while an income statement reflects profit and loss.

It is the owner’s interest in the business, calculated as assets minus liabilities.

Raseed offers customizable balance sheet templates to fit your company’s needs, ensuring you track all key financial aspects.