A balance sheet is a summary of the financial position of an organization either a sole proprietorship, partnership, and corporation. It provides a complete picture of liabilities, assets and ownership equity during a financial year. The balance sheet is also considered as the snapshot of the financial state of the company. It can be designed once a year, twice a year or after every four months, according to the volume of business.
It is an important financial document; therefore every company prepares it at the end of the fiscal year. A standard balance sheet of an organization usually contains three important segments, including assets, liabilities and ownership equity. It may serve as a clear picture of the financial condition of the company.
If you want to save your time while preparation of balance sheet, use expertly designed balance sheet templates that have everything according to your needs. A balance sheet is important for the company managing a number of projects of regular basis.
- It will provide you the definite knowledge about the actual situation of the business and the market value of the company and its assets.
- Usually, business personnel hire experts to know the financial worth of the company and pay for different software to automatically prepare the financial reports.
- The ready-made template format is a cost expensive and easy way to prepare financial reports for the business organization without taking the help of an expert.
- Just input your details and get accurate figures to analyze the stability of your business.
Cashier Balance Sheet Template
Microsoft Excel (.xls) File | File size 17 KB
File size 21 Kb | Download
Proforma Balance Sheet Template
Microsoft Excel (.xls) File | File size 25 KB
The file can be download in OpenOffice format (.ods)
File size 24 Kb | Download