5 Balance Sheet Formats In Excel

Here we have added a balance sheet format in excel which is specially produced for users like you to help when making balance sheet for company or personal use. It is loaded with all basic excel formulas and formats to make calculation automatic as well as to draft balance sheet eliminating errors and mistakes. Sole proprietors and companies at large scale can use this balance sheet format in excel for free. An important financial statement used to summarize an individual business owner or company’s assets, liabilities and equity for a particular period of time is known as balance sheet in accounting terms.

Importance of balance sheet format in excel

There can be different purposes behind making balance sheet and one of them is determining the liquidity of a business organization or company. Let we explain liquidity of a business for you that is acknowledged as the ability of a business or company to pay debts in a timely manner as well as to check financial strength of the business. Balance sheet provides the result by following a formula “Total assets = Total liabilities + Equity”. Balance sheet is one of the most important financial statements of a business or company and also helps in making other financial statements such as income statement.

Most of companies and businessmen make balance sheets using their own formats and layouts but if you don’t have any then feel free to download following balance sheet format in excel. We believe that it will provide you enough assistance and guidance to make a balance sheet error free. You can open the balance sheet format in any version of the MS excel to make changes in it like name of the company, date and data about business etc. You can also add more fields and formulas of the excel in this balance sheet format as per needs.