Free Balance Sheet Template

Balance Sheet Template for excel and google sheets.

Download a balance sheet template

Brixx has created a free Balance Sheet Template that allows you to forecast up to 12 months into the future. By entering your email to download your template below, we’ll send you more information on the world of financial forecasting.

What is a Balance Sheet?

A balance sheet is a financial statement that summarises a company’s financial position at a specific point in time. It is used to gain insight into the financial strength of a company while allowing you to see how the company resources are distributed. The balance sheet is based on the fundamental accounting equation:

Assets = Liabilities + Equity

This equation reflects the fact that a company’s assets are always equal to its liabilities plus its equity.

The balance sheet is an important financial statement that provides investors, creditors, and other stakeholders with valuable information about a company’s financial health, liquidity, and solvency.

What is included in a Balance Sheet Template?

A balance sheet includes information regarding a business’ assets and liabilities.

Current Assets

Current assets can be converted into cash within one year from the date specified on the balance sheet. These can include inventory, accounts receivable, prepaid expenses, and short-term investments.

Long-Term Assets

Long-term assets are all the assets that are not intended to convert to cash within one year from the date specified on the balance sheet. These can include rent, equipment costs, long-term investments, and intangible assets.

Current Liabilities

These are all the financial obligations due to be paid within one year from the date specified on the balance sheet. These can include short-term debts, employee wages, dividends and accounts payable, and income taxes payable.

Long-Term Liabilities

These are all the financial obligations that are not due to be paid within one year from the date specified on the balance sheet. These can include long term debts and capital lease obligations.

Owner’s Equity

Owner’s Equity (also known as the Shareholders’ or Stockholders’ Equity) are all the retained earnings that remain when you subtract Total Liabilities (Current and Long-Term Liabilities) from Total Assets (Current and Long-Term Assets). That formula goes as follows:

Total Equity = Total Assets − Total Liabilities

The Owner’s Equity also includes the owner’s investment.

Why are Balance Sheets Important?

Balance sheets help investors, creditors, and other stakeholders make informed decisions about the company’s financial performance and determine its ability to meet financial obligations. They also provide insights into a company’s financial strategy and help identify areas for improvement.

Balance sheets are used in financial analysis, valuation, and comparison with other companies in the same industry, and are crucial for industry benchmarking. They are a vital tool for managers to monitor and manage the financial performance of a company and make informed decisions about investment, financing, and dividend policies.

Why the Balance Sheet is so important to forecast

A balance sheet is important to forecast because it helps in a variety of ways

Assessment of financial health

The balance sheet is a key indicator of a company’s financial health. By analyzing the balance sheet, investors, lenders, and other stakeholders can determine a company’s financial strength, liquidity, and solvency.

Planning for the future

A balance sheet provides information on a company’s assets and liabilities, which helps it to plan for the future. For example, a company can use the information to determine whether it has enough working capital to fund its operations, pay off debts, or invest in new projects.

Make strategic decisions

A balance sheet can also help a company to make strategic decisions. For instance, it can help a company to decide whether to raise capital through debt or equity financing, or whether to invest in new assets or pay off existing liabilities.


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Understand your balance sheet in Brixx

A balance sheet template can help you find your company’s net worth easily and can assist you in analysing your company’s overall financial health. However, should you be looking for a dedicated financial forecasting tool that can highlight your balance sheet and model your future, Brixx may be the solution for you.

Brixx is a financial modelling tool created for business owners to effectively map out their financial future. Using simple inputs, you can forecast into the future and view easily accessible reports and charts with just a few clicks.

You can model the impact of today’s decisions on tomorrow’s financials to make sure you make the right moves for your business.

Download guide

Downloading your Free Balance Sheet Template for Excel or Google Sheets

  • Step 1: Enter your details above to receive your free Google Sheets and Excel Balance Sheet Template
  • Step 2: Hit file, then “save as” for Excel or “make a copy” for Google Sheets
  • Step 3: Fill out each section by adding your forecasted figures in the white cells
  • Step 4: Remove or add figures that are applicable to your business
  • Step 5: Formulae will calculate totals automatically
  • Step 6: Duplicate the sheet and add different figures into the white cells to test different “what-if” scenarios
  • Step 7: You can quickly get a summary of your sheet in the key “info” section, this is also useful for error-checking
  • Step 8: View the area chart at the top of the spreadsheet to see total assets, liabilities and equity

Our template is as simple as that!

Pro-tip: if you’re not sure what each section means, hover over the cells to get a brief description of what you should enter there.

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