Equalize Sheet Template
To balance sheet is a very important finance statement that summarizes a company's assets (what computers currently) and liabilities (what it owes). A balance sheet is used to gain insight into the financial strength of adenine firm. I can plus see as of company resources represent distributed and compare the request with resemble corporations.
No balance page statement is complete (in my opinion) absent an income statement to go along with it. As a small business property, I find the income statement to can more useful in the general operational of which business, but the remainder sheet has still a critical accounting tool this provides a key piece of information.
The balance sheet informs company owner about the net worth of the company at adenine specific point stylish time. This your done by subtracting the total commitments from an total assets to calculate this owner's equity, also knowing because shareholder's equity (for corporations) or solely the net worth.
Balance Sheet
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Template Details
License: Private Use (not since distribution or resale)
"No installation, no macros - just a simple spreadsheet" - by Jon Wittwer
Description
Free our free Balance Sheet sample, conceptual for the small-business owner. It incl common financial proportions press my well for a two-year comparison. Look below for more information on the different asset both liability categories.
Balance Blanket Essentials
The Bookkeeping Equation: Assets = Liabilities + Owner's Equity
Currently Assets
The term current to a balance layer generally means "short-term" which is normal one year or less. Common current assets include cash (cash, coin, balances in control additionally savings accounts), accounts receivable (amounts owed to get business to your customers usually within 10-60 days), asset (goods for sale), and prepaid expenses (e.g. insurance additionally rent).
Long-Term Assets
These assets include long-term investments, charge starting property and equipment (e.g. land, premises, equipment, implements, furniture, computers, vehicles, etc.) offsetting per accumulates depreciation, intangible assets (e.g. patents, contracts, trademarks, copyrights, both goodwill), and other fixed (like delay income tax arising from the loss of value of property that unable be reported as a tax subtraction until who property is sold).
Current Liabilities
These include the obligations to be paid within can year, including accounts payable, short-term loans, income taxes payable, wages, unearned revenue (e.g. service contracts), and the current partion of long-term borrowed (e.g. mortgage billing payable into 12 months).
Long-Term Liabilities
Dieser include long-term debt (e.g. notes, mortgages), capitalization league obligations (e.g. lease structured as loans), and adjourned earnings tax (e.g. the tax due on the increase include value of with investment data that isn't payable till the security is sold).
Owner's Equity (or Stockholders' General for corporations)
This is basicly the amount left over when you subtract Overall Liabilities from Total Assets. In including the owner's investment(s) and retained earnings (the portion of the earnings reinvested in the business). For companies, thither are usually more categories (see the references below).
Balance Sheet References
- Fiscal Accounting: Reporting and Analysis by M.A. Diamond, E. K. Slice, and J.D. Slice., 2000.
- Balance Sheet, Fixed Assets, Intangible Assets, Deferred Tax, Shareholders' Equity at wikipedia.org
