Is your balance sheet in need of a make over? This balance sheet template comes complete with common balance sheet line items. It’s simply easier to start with more than you need and delete the items not applicable to your business. Plus, you’ll find notes containing helpful tips on many of line items. To top it all off you can use this balance sheet template to perform a vertical analysis.
Balance Sheet Template
System Requirements: Microsoft Excel® 2007 or later*
User Agreement: Read it Here
More Information on the Balance Sheet Vertical Analysis Template
The Balance Sheet, also known as the statement of financial position, reflects the assets, liabilities, and equity of an entity. Commonly used to check Working Capital – business owners and/or investors often spend substantial time analyzing the balance sheet as many performance measures including the overall financial stability of an entity can be evaluated using this statement.
The easiest way to understand a balance sheet is to understand that:
- A balance sheet represents a snapshot in time; unlike an income statement which is accumulates transactions (or activity) over a time, the balance sheet presents information as of a specific date. For example, the line item cash is the amount of cash the company has on the date the balance sheet is presented.
- Generally, a balance sheet will show separate classifications for current assets and current liabilities, such balance sheets are referred to as a classified balance sheet (a classified balance sheet is what has been used in the template on this site)
Current Assets – Generally speaking, a period of 1 year is used to decide the classification of an asset as current. Deviation is permitted if the entities operating cycle is greater than 1 year; however, if the operating cycle is not clear use 1 year.
Current Liabilities – As with Current Assets, the 1 year time period is used. Items included within current liabilities are amounts known or estimated that will need expenditure to satisfy such obligations.
Long-term – Assets and liabilities not meeting the definition of current should be reflected as long-term (i.e., outside of the current classification).
Features Included in this Template
This balance sheet template includes the following features designed to increase efficiency and enhance professionalism:
- Dynamic formulas utilizing the offset function
- Conditional formatting for data entry – notice at the top of the picture above, the pink highlights, this is data that needs to be completed.
- Check figure at the bottom of the balance sheet to ensure it actually balances; if it doesn’t it will turn red and show you the difference.
- Setup to print on a single page; print settings may need to be adjusted if data is added.
Balance Sheet Vertical Analysis (clean)
Balance Sheet Vertical Analysis (Quarterly)
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