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Simple Balance Sheet Template Printable PDF Word Excel

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A simple balance sheet template is a tool that can be used to track a business's assets, liabilities,... Read more

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A simple balance sheet template is a tool that can be used to track a business's assets, liabilities, and equity at a specific point in time. It is a snapshot of a business's financial health and can be used to track progress over time. This section should include the name of the business, the date of the balance sheet, and the company's fiscal year end. 

This section should list all the business's assets, including current assets and non-current assets. Current assets are assets that can be converted into cash within one year, such as cash, accounts receivable, and inventory. Non-current assets are assets that cannot be converted into cash within one year, such as property, plant, and equipment; intangible assets; and investments. 

This section should list the amount of money that the owners of the business have invested in the business. 

Printable Simple Balance Sheet Template [PDF Word Excel]

One special key element of a simple balance sheet template is the accounting equation. The accounting equation states that: 

Assets = Liabilities + Equity 

This equation is the foundation of all accounting, and it must be always balanced. This means that the total value of a business's assets must always equal the total value of its liabilities and equity. 

The accounting equation is important because it allows businesses to track their financial health and to make informed decisions. For example, if a business's liabilities exceed its assets, then the business is insolvent and is at risk of bankruptcy. 

Benefits: 

There are many benefits to using a simple balance sheet template, including: 

  • Convenience: Simple balance sheet templates are easy to use and can be customized to meet the specific needs of your business. 
  • Accuracy: Simple balance sheet templates are designed by financial professionals to ensure accuracy. 
  • Consistency: Simple balance sheet templates help you to track your financial data in a consistent format, making it easier to compare your performance over time. 
  • Analysis: Simple balance sheet templates can help you to analyze your business's financial health and identify areas where you can improve. 

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Simple Balance Sheet Template Printable PDF Word Excel

$1.90