15+ Special Balance Sheet Templates (Editable in MS WORD)

A balance sheet is considered as a financial position of a business or a company that briefly states the balances of assets, liabilities as well and owner’s equity at the end of each fiscal year. It illustrates the net worth of your business. It is the most important of the three major financial statements and is created to recognize the financial health of a business. A contemporary balance sheet is crucial for a businessman who is looking forward to additional debt or equity financing or wants to sell the business and is required to figure out how much it is worth.

A balance sheet is a crucial document to any business that is honest regarding its financial activities. It is the document the account team is required to create to show the financial situation of the company or business. Furthermore, in such financial statements, assets and equities are further categorized into numerous sections like current assets, fixed assets, short-term and long-term liabilities, shareholder’s equities, etc. A proper format is used to draft a balance sheet along with the heading, which includes the business or company name, date, and fiscal year, and is specifically written on the top of the page. Using a proper balance sheet template, one can easily format such financial statements within a short span of time.

Moreover, the balance sheet is frequently prepared by the financial department of the business to organize the different sections of account titles. Although the major purpose of the balance sheet is to reveal an idea of a company’s financial standing, it does so by highlighting the aggregate assets that a business owns and any amounts that it owes to lenders, banks, etc. If you want to stay in touch with your business position, go ahead and take a look at these handy balance sheet templates listed below. Select any of these balance sheet templates as per choice.