10+ Free Download Simple And Effective Balance Sheet Template For Small Business
If you have just been running a business and planning to apply for a loan, you will be asked for some financial statements. The most common things include profit and loss statements or cash flow statements. This is why you need to prepare it earlier so you have a valid record that you can show to your potential investors. On this page, you can download our balance sheet template for small businesses and learn some best tips.
What Is A Balance Sheet?
In a business, a balance sheet is very important to see its value. Through this document, you can see the value of the owner’s investment and what it owes. In a specific period, this is calculated to make some evaluations and decisions. Even, many investors use this as a parameter whether a company is a worth place for investments. Typically, it is needed monthly, quarterly, or annually. Note that the balance sheet is not only about the cash flow, but also the company assets and liabilities.
What Are The Benefits Of A Balance Sheet?
The balance sheet gives information for potential investors or lenders. They will use this information to decide what to do with the startup loan.
If you are applying for a startup loan and you don’t have a history, this balance sheet will be a great help to see where its position and condition.
What Are To Prepare In Making A Balance Sheet For A Small Business?
Make sure you list down the value of all assets of your company. This list includes vehicles, equipment, cash, inventory, supplies, and other items. If you have buildings or lands that are used for your business, then list it down too. These are an asset.
The next step is listing the liabilities. You must list the liabilities of the business from credit cards and any loans for your startups. Also, any amount of money owed to your vendors must be listed too.
Then, what to do with those two types of the list? You have to calculate each value and see which one has greater value; liabilities or assets?
Check Our Best Balance Sheet Template For Small Businesses
If you are new in running your business, sometimes you might not have more funds to hire a professional. Most of the activities are done by yourself which can be very tiring. If you need some help that can ease your work, maybe the balance sheet template for small businesses is the best thing to know.
Small Business Balance Sheet Template
If you are running a small business, tracking your cash flow and knowing all of your liabilities is crucial. This is a template designed for small business with easy features. Even though you are not a professional in doing accounting, this template at least help you list down your assets and liabilities.
Sample Balance Sheet Template
The next template you must try is this one. This is a sample that you can learn from while allowing you to edit it. Now recording your assets and liabilities is much easier and more effective with this template.
There are more balance sheet templates for small businesses that you can download for free. We hope our short tips above really helps you.
Printable Balance Sheet Template Sample