A Balance sheet template allows year over year comparison, including accumulated depreciation. Generally it is a financial statement which is used to show what are the assets as well as liabilities of the business for a stated period of time. Assets and liabilities are then categorized in different sections like current assets, fixed assets, floating assets, current liabilities or short term liabilities, long term liabilities, shareholder’s equity. Proper format is used for drafting a balance sheet with business name, balance sheet and time period written on the top of the page.
Importance of Balance Sheet Template
A balance sheet is a financial statement which prepared by the business as a record for showing the exact value of assets and liabilities of the business. Generally, the balance sheet is prepared by the finical department of business to categorize the different sections of business which actually related to the amounts of assets. The balance sheet as its name shows is the statement which has equal totals of both assets and liabilities of the business according to this formula:
Assets = Liabilities + Shareholder’s Equity
Details of Balance Sheet Template
However, this finical report will be prepared for a specific period of time. Apart of this, if you want to prepare a balance sheet template then you should have to know about financial strength of company and also the accounting system, which company is following. We tried our level best to provide you ready to use and turnkey template which you can utilize spontaneously once downloaded. The above provided balance sheet template is special example of high quality as far as professional forms are concerned.
Quality of Balance Sheet Template
We believe in quality and therefore, offering our free template for downloading which will certainly met your quality standards. However, you may contact us for changes or amendment you may feel necessary in any template provided in this website. This balance sheet template is effectively significant while taking print out after completion. You do not need to define printing setting while taking print. We shall take privilege in satisfying your query and will try to answer your call within best possible period. Please find below a snapshot of our provided free form along with a simple and easy download link.