Sample Small Business Balance Sheet Template

A balance sheet is a snapshot of the financial condition of a business at a specific moment in time usually at the close of an accounting period.

Sample small business balance sheet template. Every time a company records a sale or an expense for bookkeeping purposes both the balance sheet and the income statement are affected by the transaction. As a small business owner i find the income statement to be more useful in the general operation of the business but the balance sheet is still a critical accounting tool that provides a key piece of information. Farm business plan worksheet balance sheet for agricultural businesses operating on a seasonable basis. Project construction business balance sheet template for independent contractors. Projecting your balance sheet can be quite a complex accounting problem but that does not mean you need to be a professional accountant to do it or to benefit from the exercise.

This sheet will include basic categorical information needed to present a business plan. The desired result is not a perfect forecast but rather a thoughtful plan detailing what additional resources will be needed by the company where they will be needed and how they will be financed. Includes current assets fixed assets equity and current and long term liabilities. Small business balance sheet format. Grab our small business balance sheet sample with its all editable format so you can easily do your calculations and manage company finances.

Small business balance sheet template for when you re in the fledgling stages of growth and need all the monetary support you can get. Download this small business balance sheet template that has been created to prepare and to include in your business plan and proposal. The balance sheet and the income statement are two of the three major financial statements that. It s simple and easy to complete. Balance sheet simple report on your assets and liabilities with this accessible balance sheet template.

Some business owners make the mistake of thinking that the equity amount on the balance sheet is the worth of a business. By examining a sample balance sheet and income statement small businesses can better understand the relationship between the two reports. A balance sheet comprises assets liabilities and owners or stockholders equity. No balance sheet statement is complete in my opinion without an income statement to go along with it. Assets current assets cash 20 000 accounts receivable 15 000.

In reality this is rarely the case as it doesn t include goodwill the worth of the customers built up by the business and your valuable knowhow. This simple business balance sheet template comes with an efficient structure and doesn t take up too much of your device storage.