Loading...Download this Simple Balance Sheet Template that could be used for personal or business. It is a very simple format to help keep understanding balances simple and fast to fill in. It also provides a very quick overview without extensive deciphering.
How To Write
Step 1 – Current Assets –
- Enter the amounts for the following and then calculate and enter the total to the right:
- Cash
- Accounts Receivable
- Inventory
Step 2 – Total Current Assets, Property and Equipment
- Enter all amounts for the various assets below. Once you have entered the amounts, calculate them and enter them on the line to the right:
- Land and Building
- Fixtures and Equipment
- Vehicles
- Less Accumulated Dep.
Step 3 – Net Fixed Assets and Other Assets –
- Enter the two items below. calculate and enter total to the right:
- License
- Goodwill
Step 4 – Total Assets and Current Liability –
- Most of this section is information regarding liabilities. Enter the required information, calculate accordingly and enter the total in the line to the right:
- Notes Payable (1 year)
- Accounts Payable
- Accrued Expenses
- Taxes Owed
- Long Term Dept. – Enter the current amount for this line
Step 5 – Long Term Debt –
- This would be a total amount or if you itemize you may require a separate sheet to do so. Calculate and place the totals in the line to the right. If you have no loans, simple enter N/A:
- Loans
Step 6 – Enter Total Liabilities
Step 7 – Stockholder’s Equity –
- Enter the following:
- Capitol Stock
- Paid In Capitol
- Retained Earnings
- Calculate these figures and place them in the line to the right
Step 8 – Total Liabilities and Net Worth
- Look to the far right where you will see all of the current totals and add them
- Enter the total amount of all of the totals on the page and you will have acquired your total liabilities and net worth figure