Download simple linear balance sheet format in Excel and Spreadsheet. This template is visually appealing and easy to use. This template can help you showcase financial health of your business or client’s business.
The Balance Sheet is a statement that shows the financial position of the business or an organization at any point of time.
About Balance sheet format in Excel
It records the assets and liabilities of the business at the end of the accounting period after the preparation of trading and profit and loss accounts. You can use this simple excel template for balance sheet format to report on your assets and liabilities. It includes current assets, fixed assets, equity and current and long term liabilities. Also, You can also explore other balance sheet templates available at ExcelDownloads –
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Why is balance sheet essential ?
Balance sheet is essential for any company to know the current financial position, compare it with the previous financial positions. Furthermore, balance sheet is a document which can allow external stakeholders to understand the affairs of the company in a professional manner. External Stakeholders like banks can easily assess the financial position of the company and grant loans and credits.
Also, Investors can analyze the overall performance of the business. This can be done by simply having a traditional analysis of the balance sheet. This can also be done with financial ratios like current ratio, quick ratio etc. You can find these ratios in this excel templates as well.
Download and Use Balance Sheet Format Free Excel Template
To use this free excel template, you should have Microsoft Office/ Microsoft Excel installed in your system. After installing Excel or Spreadsheet, download the zip file of this template, extract the template using WinRAR or 7Zip decompressing software.
Once extracted, you can open the file using Excel and start entering data or customizing the template.