Current assets encompass cash and cash equivalents, accounts receivable, inventory, prepaid expenses, and other items that can be converted into cash within a year. Fixed assets consist of land, buildings, machinery, vehicles, furniture, fixtures, and the corresponding accumulated depreciation. Investments cover stocks, bonds, and other investments held by the Business Balance Sheet Template. Intangible assets account for goodwill, intellectual property, and other intangible resources. Finally, other assets encompass long-term deposits and any additional asset categories specific to the business.
The liabilities section of the balance sheet template outlines current liabilities and long-term liabilities. Current liabilities include accounts payable, short-term loans, accrued expenses, taxes payable, and other obligations due within a year. Long-term liabilities consist of long-term debt, deferred taxes, and other long-term obligations that extend beyond a year.
Printable Business Balance Sheet Template in PDF, Word, Excel
The owner’s equity section represents the ownership interests in the business. It includes common stock, preferred stock, retained earnings, treasury stock, and any other components of equity unique to the business. Common stock reflects the shares issued to common shareholders, while preferred stock represents the shares issued to preferred shareholders. Retained earnings encompass the accumulated profits or losses that have not been distributed to shareholders. Treasury stock accounts for shares of the company’s stock that the business has repurchased and holds in its treasury.
The template from TemplateDiy concludes with the calculation of the total owner’s equity by summing up the individual components of equity. Finally, the total liabilities and owner’s equity are determined by combining the calculated total liabilities and the total owner’s equity. Templatediy offers the best Business Balance Sheet Template in many formats.
Remember to adapt this template to your specific business needs and seek guidance from an accountant or financial professional to ensure accuracy and compliance with accounting standards and regulations.