FREE SAMPLE BALANCE SHEET FORM

A sample balance sheet can determine net worth of a business by subtracting what it owes by what it owns.

A Balance Sheet is used to monitor business activity and to indicate the state of the business by answering 2 questions: Is the business solvent? If so, by how much?

Balance sheets can determine the financial condition or position of a company by reporting on its assets, liabilities, and Ownership equity at a given time period.


ASSETS minus LIABILITIES = NET WORTH
LIABILITIES plus NET WORTH = ASSETS

BALANCE SHEET

Balance Sheet of _________________________________ as of 31 of December, 20____.

Date:

CURRENT ASSETS

Cash:
Inventory:
Accounts Receivable:

FIXED Assets

Real State:
Furniture:
Equipment:
Accumulated depreciation (less):

Other assets:

TOTAL Assets: _______________

CURRENT LIABILITIES

Accrued expenses
Accounts payable
Taxes payable
Notes payable within one year

LONG-TERM LIABILITIES

Notes payable after one year:
Others:

TOTAL Liabilities:__________________

NET WORTH (assets minus liabilities): _____________________



Every debt the company needs to settle in next twelve months is current, all other is non-current liabilities.

The company is obliged to book all liabilities that more than likely require some resources to be disposed.

A monthly or yearly balance sheet template is a summary of the financial balances and shows you how to map your enterprise's assets and liabilities.


Sample Income Statement

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