Template
Balance sheet templates
A balance sheet is a snapshot of what a business owns and owes on a single date.
Download the template
Download everything
Blank and worked example, in Word and PDF, in one ZIP file (429 KB).
How to use it
- Download the Word or PDF version and save a master copy.
- Write the business name and the date you are reporting on.
- List what the business owns, such as cash, money owed by customers, stock and equipment, and total them.
- List what the business owes, such as supplier bills, cards and loans, and total them.
- Subtract liabilities from assets to get net assets, then check owner's equity matches.
About this template
This free template has sections for assets, split into current and long-term, then liabilities, also split into due soon and long-term, followed by owner's equity and a simple check line. It is meant for small businesses, sole traders and clubs who want to see where they stand alongside a profit and loss statement. Download it as Word to complete on screen or as a PDF to print. A worked example with made-up figures shows how assets, liabilities and equity line up and balance.
Questions
What should the balance sheet add up to?
Total assets minus total liabilities, called net assets, should equal total owner's equity. If it does not, something has been missed or counted twice.
Is this suitable for filing accounts?
No. It is a simple summary for your own records. For what you must file, see GOV.UK or ask an accountant.
How often should I update it?
Many small businesses prepare one at the end of each month, quarter or year. Always write the date at the top.
Can I rename the rows?
Yes. The Word version is editable, so you can change labels to match your own records.
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