Download simple balance sheet format in Excel and Spreadsheet for accounting purpose. This template comes with Financial Ratios. Computation of financial ratio happens automatically. This template is useful for small business owners. This template fulfills all the requirement of accounting standards under IFRS or IndAS. There might be few modification required as per the nature and industry of the business.
Furthermore, it is also a printable balance sheet format. Once you prepare and finalize the balance sheet, you can take the print out for sign off.
You can download your trial balance from Tally ERP, SAP or any other software and start preparing balance sheet with this free template.
About Simple balance sheet format in Excel
A simple balance sheet template provides a quick snapshot of a company’s financial position, at a given moment.
You can use this balance sheet template to summarize the company’s assets, liabilities, and equity, and give investors an idea of the financial health of the company. It comes with all necessary fields of balance sheet like-
- Current Assets
- Fixed Assets
- Other Assets
- Current Liabilities
- Long term liabilities
- Owner’s Equity
Furthermore, it also automatically computes some key financial ratios like –
- Debt ratio
- Current ratio
- Working Capital
- Assets to Equity Ratio
- Debt to Equity Ratio
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 Simple Balance Sheet format in excel
To use this free Simple Balance Sheet format in excel, you should have Microsoft Office/ Microsoft Excel. You can only use this template if you have these applications in your system. or Use, Google Sheets.
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.
