How to make a Balance Sheet For a Small Business template? An easy way to start is to download this Balance Sheet For a Small Business template now!
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What is a balance sheet? What is it used for?
A balance sheet is a financial “snapshot” of you or your business at a given date in time. The balance sheet provides information on what you or your business own (assets), what you or your business owe (liabilities), and your net worth or the value of the business (equity). The term “balance sheet” is derived from the fact that these accounts must always be balance. Assets must always equal the sum of liabilities and equity. By analyzing your balance sheet, one can assess your financial status and examine the following:
- Can you or your business meet short term obligations?
- Can you or your business pay all current and long term debts as they come due?
- Are you or your business overly indebted, i.e. , do your liabilities exceed your assets?
Purpose of Balance Sheet
The balance sheet is an income statement that helps in decision making. It allows business managers and directors to analyze business performance and make necessary changes. The balance sheet is a blueprint of your long term and short term goals. It will examine whether you are on a right path or not. Our balance sheet templates are available in Word formats. The use of our balance sheet templates offers full customization and 100% access. We are ready to revise templates on demand. You can share your requirements and we will do necessary changes in the template for your comfort.
Now we provide this standardized Balance Sheet For a Small Business template with text and formatting to help you finish your document faster. If time or quality is of the essence, this ready-made template can help you to save time and to focus on what really matters!
Download this Balance Sheet For a Small Business template now! This template will perfectly suit your needs! And after downloading you can craft and customize every detail of its appearance very quickly.