{"id":30833,"date":"2026-08-27T05:34:30","date_gmt":"2026-08-27T09:34:30","guid":{"rendered":"https:\/\/www.sage.com\/en-us\/blog\/?p=30833"},"modified":"2026-08-27T05:34:33","modified_gmt":"2026-08-27T09:34:33","slug":"balance-sheet-template","status":"publish","type":"post","link":"https:\/\/www.sage.com\/en-us\/blog\/balance-sheet-template\/","title":{"rendered":"Balance sheet template for Excel: Free download"},"content":{"rendered":"<header class=\"entry-header has-dark-background-color entry-header--standard entry-header--has-illustration entry-header--has-illustration--standard\">\n\t<div class=\"container\">\n\t\t<div class=\"entry-header__row row align-center\">\n\t\t\t<div class=\"col col-lg-7 col-xlg-6 entry-header__content\">\n\t\t\t\t\t\t\t<div class=\"component component-single-header\">\n\t\t\t\t\t\t\t\t\t\t<div class=\"entry-header__misc text--subtitle text--uppercase text--small\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/category\/growth-customers\/\" class=\"entry-header__link\">Growth &amp; Customers<\/a>\t\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t<div class=\"entry-title-wrapper\">\n\t\t\t\t\t<h1 class=\"entry-title\">\n\t\t\t\t\t\tBalance sheet template for Excel: Free download\t\t\t\t\t<\/h1>\n\t\t\t\t<\/div>\n\n\t\t\t\t\t\t\t\t\t<p class=\"entry-header__description\">\n\t\t\t\t\t\tDownload a free balance sheet template in Excel and learn how to complete it. Understand the standard balance sheet format, how this financial document works, as well as its limitations, and explore a practical balance sheet example.\t\t\t\t\t<\/p>\n\t\t\t\t\n\t\t\t\t\n\t\t\t\t\n\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n\t\t<div class=\"single-post-details container\">\n\t\t<div class=\"col\">\n\t\t\t<span class=\"posted-on \">Published <time class=\"entry-date published\" datetime=\"2026-08-27T05:34:30-04:00\">August 27, 2026<\/time><\/span><span class=\"reading-time\"> min read<\/span>\n\t\t<button\n\t\t\ttype=\"button\"\n\t\t\tclass=\"social-share-button button button--icon button--secondary js-social-share-button\"\n\t\t\tdata-share-title=\"Balance sheet template for Excel: Free download\"\n\t\t\tdata-share-url=\"https:\/\/www.sage.com\/en-us\/blog\/balance-sheet-template\/\"\n\t\t\tdata-share-text=\"Please read this interesting article\"\n\t\t>\n\t\t\t<span class=\"social-share-button__share-label\">Share<\/span>\n\t\t\t<span class=\"social-share-button__copy-label\" hidden>Copy Link<\/span>\n\t\t\t<span class=\"social-share-button__copy-tooltip\" aria-hidden=\"true\" hidden>Copied<\/span>\n\t\t<\/button>\n\n\t\t\t\t<\/div>\n\t<\/div>\n\t<\/header>\n\n\n\n<div class=\"wp-block-post-author has-dark-background-color alignfull\">\n\t<div class=\"container\">\n\t\t<div class=\"col\">\n\t\t\t\t\t\t\t<div class=\"co-authors\">\n\t\t\t\t\t\n\t\t<div class=\"entry-author-wrapper\">\n\t\t\t<a class=\"entry-author\" href=\"https:\/\/www.sage.com\/en-us\/blog\/author\/joechurchwoods\/\">\n\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"40\" height=\"40\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/Joe-Yard-2-crop-350x350.jpg\" class=\"entry-author__image\" alt=\"Joe Church Woods\" \/>\t\t\t\t<span class=\"entry-author__name\">Joe Church Woods<\/span>\n\t\t\t<\/a>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t<\/div>\n<\/div>\n\n\n\n<section class=\"wp-block-sage-article-update\"><div class=\"sage-article-update__inner\"><p>This article was originally published on May 30, 2025 but has been refreshed and re-published with new content in August 2026.<\/p><\/div><\/section>\n\n\n\n<p class=\"wp-block-paragraph\">A balance sheet is one of three essential financial statements that reveal your business\u2019s financial status, alongside the income and cash flow statements.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Whether you&#8217;re preparing for a loan application, reviewing your business&#8217;s financial health, or getting ready to close the fiscal year, a balance sheet helps you understand where your business stands and make more informed decisions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Learn how a balance sheet is works, what each section should include, and how to use our free balance sheet template, which you can download in Excel.<\/p>\n\n\n<section id=\"key-takeaways\" class=\"wp-block-sage-key-takeaways\"><div class=\"sage-key-takeaways__inner\"><h2 class=\"wp-block-heading has-h-3-font-size\">Key takeaways<\/h2>\n<ul class=\"wp-block-list\">\n<li>A balance sheet template helps you organize your business&#8217;s assets, liabilities, and equity into a clear financial statement.<\/li>\n\n\n\n<li>Comparing balance sheets from consistent reporting dates helps you track changes in cash, debt, and equity over time.<\/li>\n\n\n\n<li>The balance sheet follows the accounting equation: <strong>Assets = Liabilities + Equity.<\/strong><\/li>\n\n\n\n<li>Completing a balance sheet regularly can help you monitor financial health, support business decisions, and prepare reports for lenders, investors, or tax purposes.<\/li>\n<\/ul>\n<\/div><\/section>\n\n\n<h3 id=\"h-here-s-what-we-ll-cover\" class=\"wp-block-heading\"><strong>Here&#8217;s what we&#8217;ll cover:<\/strong><\/h3>\n\n\n<?xml encoding=\"utf-8\" ?><div class=\"wp-block-yoast-seo-table-of-contents yoast-table-of-contents\"><ul><li><a href=\"#h-what-is-a-balance-sheet\" data-level=\"2\">What is a balance sheet?<\/a><\/li><li><a href=\"#h-why-is-a-balance-sheet-important\" data-level=\"2\">Why is a balance sheet important?<\/a><\/li><li><a href=\"#h-how-does-a-balance-sheet-work\" data-level=\"2\">How does a balance sheet work?<\/a><\/li><li><a href=\"#h-what-s-included-in-a-balance-sheet\" data-level=\"2\">What&rsquo;s included in a balance sheet?<\/a><\/li><li><a href=\"#h-download-our-free-balance-sheet-template-in-excel\" data-level=\"2\">Download our free balance sheet template&nbsp;in Excel<\/a><\/li><li><a href=\"#h-how-to-complete-a-balance-sheet-in-excel\" data-level=\"2\">How to complete a balance sheet in Excel<\/a><\/li><li><a href=\"#h-balance-sheet-example\" data-level=\"2\">Balance sheet example<\/a><\/li><li><a href=\"#h-what-are-the-limitations-of-a-balance-sheet\" data-level=\"2\">What are the limitations of a balance sheet?<\/a><\/li><li><a href=\"#h-final-thoughts\" data-level=\"2\">Final thoughts<\/a><\/li><li><a href=\"#h-balance-sheet-faqs\" data-level=\"2\">Balance sheet FAQs<\/a><\/li><\/ul><\/div>\n\n\n\n<h2 id=\"h-what-is-a-balance-sheet\" class=\"wp-block-heading\"><a><\/a>What is a balance sheet?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A balance sheet is a financial statement that shows a company&#8217;s financial position at a specific point in time, often at the end of an accounting period. It summarizes what the business owns (assets), what it owes (liabilities), and the remaining value for owners or shareholders (equity). <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This key financial statement is divided into three main sections:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Assets<\/li>\n\n\n\n<li>Liabilities<\/li>\n\n\n\n<li>Equity (or Shareholders&#8217; equity)<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">The balance sheet is also called a statement of financial position.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Unlike reports that measure financial performance over a period, such as the <a href=\"https:\/\/www.sage.com\/en-us\/blog\/income-statement-template\/\" target=\"_blank\" rel=\"noreferrer noopener\">income statement,<\/a> a balance sheet records your business\u2019s finances on a single date.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Comparing balance sheets over time helps you track changes in assets, liabilities, equity, and liquidity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Businesses use balance sheets for internal decisions and external reporting. Owners, lenders, and investors review them to assess whether the business has enough resources to meet its obligations.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For example, a stronger equity position relative to liabilities may indicate less reliance on debt, while rising liabilities may warrant closer review.<\/p>\n\n\n\n<div class=\"single-cta gated-content\">\n\t<div class=\"single-cta__positioner on-scroll-highlight__target\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Balance Sheet template<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p>Download a free, easy to use balance sheet template in Excel. <\/p>\n<p><!-- \/wp:paragraph --><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-43207406-9ffa-4f1d-845b-914653b7ac30\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Download now<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"453\" height=\"810\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-template-example-453x810.jpg\" class=\"single-cta__image\" alt=\"An example of a balance sheet\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-template-example-453x810.jpg 453w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h2 id=\"h-why-is-a-balance-sheet-important\" class=\"wp-block-heading\"><a><\/a>Why is a balance sheet important?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A balance sheet helps you assess whether your business can cover its liabilities, how it is financed, and how its financial position is changing. Comparing it with earlier periods can reveal changes that may affect borrowing, investment, or operating decisions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Here&#8217;s why this financial statement matters:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>Supports lending decisions:<\/strong> lenders often review balance sheets to evaluate your creditworthiness before approving loans or other financing.<\/li>\n\n\n\n<li><strong>Highlights financial risks:<\/strong> comparing balance sheets over time can reveal trends such as rising debt, declining cash reserves, or changes in working capital before they become larger problems.<\/li>\n\n\n\n<li><strong>Guides business decisions:<\/strong> a balance sheet helps provide information needed to make informed decisions about investments, expansion, budgeting, and day-to-day operations.<\/li>\n\n\n\n<li><strong>Supports investor reviews:<\/strong> investors use balance sheets to assess financial stability, liquidity, and how the business is financed.<\/li>\n\n\n\n<li><strong>Supports financial reporting:<\/strong> balance sheets are commonly prepared for tax reporting, audits, regulatory requirements, and other financial reporting obligations.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"h-how-does-a-balance-sheet-work\" class=\"wp-block-heading\">How does a balance sheet work?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A balance sheet works by showing how a business\u2019s assets are financed through liabilities and equity. Every asset your business owns is funded either by borrowing money, which creates a liability, or through owner investments and retained profits, which form equity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The totals must follow the accounting equation:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Assets = Liabilities + Equity<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For the balance sheet to balance, total assets must always equal total liabilities and equity combined.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Does every balance sheet follow the same format?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">The exact balance sheet format can vary depending on the size, structure, and industry of the business, but it will still organize assets, liabilities, and equity around the same accounting equation.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For example, a small retailer might report cash, accounts receivable, inventory, and supplier balances.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A manufacturer, on the other hand, may also need to account for machinery, accumulated depreciation, raw materials, and long-term financing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Businesses using <a href=\"https:\/\/www.sage.com\/en-us\/blog\/a-guide-to-generally-accepted-accounting-principles-gaap\/\" target=\"_blank\" rel=\"noreferrer noopener\">Generally Accepted Accounting Principles (GAAP)<\/a> or <a href=\"https:\/\/www.ifrs.org\/\" target=\"_blank\" rel=\"noreferrer noopener\">International Financial Reporting Standards (IFRS)<\/a> must follow the applicable rules for presenting and classifying balance sheet items.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">How does timing affect a balance sheet?<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">A balance sheet captures your financial position on one specific date, so the amounts shown can change significantly depending on when it is prepared. For a seasonal business, cash, inventory, and liabilities may look very different before and after its busiest period. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Comparing equivalent reporting dates makes it easier to identify genuine changes in the business\u2019s financial position.<\/p>\n\n\n\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6aa65344c2fe3&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"6aa65344c2fe3\" class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1458\" height=\"1056\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on--pointerdown=\"actions.preloadImage\" data-wp-on--pointerenter=\"actions.preloadImageWithDelay\" data-wp-on--pointerleave=\"actions.cancelPreload\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-banner-1.jpg\" alt=\"A infographic of a balance sheet\" class=\"wp-image-30846\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-banner-1.jpg 1458w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-banner-1-768x556.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-banner-1-1118x810.jpg 1118w\" sizes=\"auto, (max-width: 1458px) 100vw, 1458px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\tdata-wp-bind--aria-label=\"state.thisImage.triggerButtonAriaLabel\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.thisImage.buttonRight\"\n\t\t\tdata-wp-style--top=\"state.thisImage.buttonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n\n\n\n<h2 id=\"h-what-s-included-in-a-balance-sheet\" class=\"wp-block-heading\"><a><\/a>What\u2019s included in a balance sheet?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A balance sheet includes three main sections: assets, liabilities, and equity. Together, these categories organize what your business owns, what it owes, and the value remaining for its owners or shareholders.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If you\u2019re using a balance sheet template for a small business, assets and liabilities are generally classified according to how soon they can be used, converted into cash, or paid.<\/p>\n\n\n\n<h3 id=\"h-assets\" class=\"wp-block-heading\"><a><\/a>Assets<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Assets are resources your business owns or controls that have economic value. They are commonly grouped into current, fixed, and other assets.<\/p>\n\n\n\n<h4 id=\"h-current-assets\" class=\"wp-block-heading\"><a><\/a>Current assets<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Current assets are expected to be converted into cash, sold, or used within 12 months. Common examples include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Cash and cash equivalents<\/li>\n\n\n\n<li>Accounts receivable<\/li>\n\n\n\n<li>Inventory<\/li>\n\n\n\n<li>Prepaid expenses<\/li>\n\n\n\n<li>Short-term investments<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">These assets support daily operations and help show whether the business has enough cash and other short-term resources to meet upcoming needs.<\/p>\n\n\n\n<h4 id=\"h-fixed-assets\" class=\"wp-block-heading\"><a><\/a>Fixed assets<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Fixed assets, also known as non-current or long-term assets, are tangible resources the business expects to use for more than one year. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Examples include land and buildings, furniture and equipment, computers, and vehicles.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The value of <a href=\"https:\/\/www.sage.com\/en-us\/products\/sage-fixed-assets\/\" target=\"_blank\" rel=\"noreferrer noopener\">fixed assets<\/a> may decrease through use or aging, with that reduction recorded as depreciation over the asset\u2019s useful life.<\/p>\n\n\n\n<h4 id=\"h-other-assets\" class=\"wp-block-heading\"><a><\/a>Other assets<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Other assets are items that do not fit into the current or fixed asset categories. Examples can include patents, trademarks, goodwill, security deposits, and long-term investments.<\/p>\n\n\n\n<h3 id=\"h-liabilities\" class=\"wp-block-heading\"><a><\/a>Liabilities<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Liabilities are amounts your business owes to lenders, suppliers, employees, tax authorities, or other parties. They are generally classified according to when payment is due.<\/p>\n\n\n\n<h4 id=\"h-current-liabilities\" class=\"wp-block-heading\"><a><\/a>Current liabilities<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Current liabilities are obligations due within 12 months. Common examples include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Accounts payable<\/li>\n\n\n\n<li>Sales tax payable<\/li>\n\n\n\n<li>Corporate taxes payable<\/li>\n\n\n\n<li>Accrued expenses<\/li>\n\n\n\n<li>Payroll liabilities<\/li>\n\n\n\n<li>The current portion of long-term debt<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Monitoring current liabilities helps you determine whether the business can meet upcoming payments using its available resources.<\/p>\n\n\n\n<h4 id=\"h-long-term-liabilities\" class=\"wp-block-heading\"><a><\/a>Long-term liabilities<\/h4>\n\n\n\n<p class=\"wp-block-paragraph\">Long-term liabilities are obligations due more than 12 months after the balance sheet date. Examples include mortgages, business loans, and other forms of long-term financing.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Tracking these liabilities helps you understand the business\u2019s long-term debt burden and future repayment commitments.<\/p>\n\n\n\n<h3 id=\"h-equity\" class=\"wp-block-heading\"><a><\/a>Equity<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Equity is the value remaining in the business after liabilities are subtracted from assets. Depending on the business structure, it may also be called owners\u2019 equity or shareholders\u2019 equity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The equity section may include:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Capital stock<\/li>\n\n\n\n<li>Owner or partner contributions<\/li>\n\n\n\n<li>Owner or partner distributions<\/li>\n\n\n\n<li>Retained earnings<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Contributions increase equity, while distributions reduce it. Retained earnings are profits kept in the business rather than paid out to owners or shareholders.<\/p>\n\n\n\n<h2 id=\"h-download-our-free-balance-sheet-template-in-excel\" class=\"wp-block-heading\">Download our free balance sheet template\u00a0in Excel<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Use this <a href=\"https:\/\/www.sage.com\/en-us\/blog\/balance-sheet-template\/#gate-43207406-9ffa-4f1d-845b-914653b7ac30\">free small business balance sheet template<\/a> in Excel to record your assets, liabilities, and equity in a standard balance sheet format.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Its side-by-side columns can help you compare reporting periods and identify changes in your business\u2019s financial position.<\/p>\n\n\n\n<div class=\"single-cta gated-content\">\n\t<div class=\"single-cta__positioner on-scroll-highlight__target\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Balance Sheet template<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p>Download a free, easy to use balance sheet template in Excel. <\/p>\n<p><!-- \/wp:paragraph --><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-43207406-9ffa-4f1d-845b-914653b7ac30\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Download now<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"453\" height=\"810\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-template-example-453x810.jpg\" class=\"single-cta__image\" alt=\"An example of a balance sheet\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-template-example-453x810.jpg 453w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n\n<h2 id=\"h-how-to-complete-a-balance-sheet-in-excel\" class=\"wp-block-heading\">How to complete a balance sheet in Excel<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">When learning how to make a balance sheet in Excel, start by gathering accurate figures for one reporting date. Then, enter those amounts into the assets, liabilities, and equity sections of the template.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Our free balance sheet Excel template will help you compare the current and previous reporting periods and review the change between them.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Our balance sheet template includes two annual columns, and a third column for the change between them, so you can see how your numbers shift year-over-year.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This side-by-side view helps you spot patterns, plan smarter, and catch issues early. For instance, if your inventory jumped from $10,000 to $15,000, you might be stocking up for expansion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Follow these steps to complete it accurately.<\/p>\n\n\n\n<h3 id=\"h-step-1-gather-your-financial-records\" class=\"wp-block-heading\"><a><\/a>Step 1: Gather your financial records<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Collect the records that support each balance sheet figure, including:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Bank statements<\/li>\n\n\n\n<li>Accounts receivable reports<\/li>\n\n\n\n<li>Accounts payable reports<\/li>\n\n\n\n<li>Inventory records<\/li>\n\n\n\n<li>Fixed asset and depreciation records<\/li>\n\n\n\n<li>Loan and mortgage statements<\/li>\n\n\n\n<li>Payroll and tax balances<\/li>\n\n\n\n<li>Owner contribution and distribution records<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">Use balances from the same reporting date throughout the template. This makes the completed balance sheet easier to verify and helps prevent inconsistencies.<\/p>\n\n\n\n<h3 id=\"h-step-2-enter-your-business-information-and-reporting-date\" class=\"wp-block-heading\">Step 2: Enter your business information and reporting date<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">At the top of the balance sheet, enter your business name and the exact date covered by the report.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Because a balance sheet captures your financial position at a specific point in time, all entries should reflect that date.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Businesses commonly prepare balance sheets at month-end, quarter-end, or year-end.<\/p>\n\n\n\n<h3 id=\"h-step-3-complete-the-assets-section\" class=\"wp-block-heading\">Step 3: Complete the assets section<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Enter the assets your business owns or controls as of the reporting date. Record them under current, fixed, or other assets (see Assets section above), according to the categories in the template.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">For fixed assets, record accumulated depreciation separately and subtract it from the original cost of the assets to calculate their net value. Add the resulting net values to calculate total fixed assets.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Add your total current assets, net fixed assets, and other assets to calculate total assets.<\/p>\n\n\n\n<h3 id=\"h-step-4-complete-the-liabilities-section\" class=\"wp-block-heading\"><a><\/a>Step 4: Complete the liabilities section<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Enter the amounts your business owes as of the reporting date. Separate them according to whether payment is due within or after 12 months.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Add your current and long-term liabilities to calculate total liabilities.<\/p>\n\n\n\n<h3 id=\"h-step-5-complete-the-equity-section\" class=\"wp-block-heading\"><a><\/a>Step 5: Complete the equity section<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Add any capital stock, owner or partner contributions, and retained earnings, then subtract owner or partner distributions to calculate total equity.<\/p>\n\n\n\n<h3 id=\"h-step-6-confirm-that-the-totals-balance\" class=\"wp-block-heading\">Step 6: Confirm that the totals balance<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Check that total assets equal total liabilities plus total equity, using the <strong>Assets = liabilities + equity<\/strong> formula.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">If the totals do not match, check the source records, formulas, classifications, and signs used in the template.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Look for missing or duplicated entries, incorrect depreciation, or a liability or distribution recorded with the wrong sign.<\/p>\n\n\n\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6aa65344c5e0e&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"6aa65344c5e0e\" class=\"wp-block-image size-large wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"453\" height=\"810\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on--pointerdown=\"actions.preloadImage\" data-wp-on--pointerenter=\"actions.preloadImageWithDelay\" data-wp-on--pointerleave=\"actions.cancelPreload\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-template-example-453x810.jpg\" alt=\"An example of a balance sheet\" class=\"wp-image-30842\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-template-example-453x810.jpg 453w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-template-example-429x768.jpg 429w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-template-example-768x1374.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-template-example-858x1536.jpg 858w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-template-example.jpg 1140w\" sizes=\"auto, (max-width: 453px) 100vw, 453px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\tdata-wp-bind--aria-label=\"state.thisImage.triggerButtonAriaLabel\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.thisImage.buttonRight\"\n\t\t\tdata-wp-style--top=\"state.thisImage.buttonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n\n\n\n<h2 id=\"h-balance-sheet-example\" class=\"wp-block-heading\"><a><\/a>Balance sheet example<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A practical balance sheet example can help you see how individual figures are classified and how the totals connect.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BrewCafe, a fictional coffee shop, prepares its balance sheet as of Dec. 31, 2025.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Assets<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">BrewCafe first records everything the business owns or controls. <\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Asset category<\/th><th>Details<\/th><th>Amount<\/th><\/tr><\/thead><tbody><tr><td>Current assets<\/td><td>Cash<\/td><td>$8,000<\/td><\/tr><tr><td>Current assets<\/td><td>Accounts receivable<\/td><td>$2,000<\/td><\/tr><tr><td>Current assets<\/td><td>Inventory<\/td><td>$5,000<\/td><\/tr><tr><td>&nbsp;<\/td><td><strong>Total current assets<\/strong><\/td><td><strong>$15,000<\/strong><\/td><\/tr><tr><td>Fixed assets<\/td><td>Espresso machine, net of depreciation<\/td><td>$25,000<\/td><\/tr><tr><td>Fixed assets<\/td><td>Tables and chairs<\/td><td>$10,000<\/td><\/tr><tr><td>&nbsp;<\/td><td><strong>Total fixed assets<\/strong><\/td><td><strong>$35,000<\/strong><\/td><\/tr><tr><td>Other assets<\/td><td>Lease deposit<\/td><td>$1,000<\/td><\/tr><tr><td>&nbsp;<\/td><td><strong>Total assets<\/strong><\/td><td><strong>$51,000<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">The espresso machine originally cost $30,000. After subtracting $5,000 in accumulated depreciation, BrewCafe records its net value as $25,000.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Liabilities<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Next, BrewCafe records what the business owes.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Liabilities category<\/th><th>Details<\/th><th>Amount<\/th><\/tr><\/thead><tbody><tr><td>Current liabilities<\/td><td>Accounts payable to suppliers<\/td><td>$3,000<\/td><\/tr><tr><td>Current liabilities<\/td><td>Current portion of equipment loan<\/td><td>$1,000<\/td><\/tr><tr><td>&nbsp;<\/td><td><strong>Total current liabilities<\/strong><\/td><td><strong>$4,000<\/strong><\/td><\/tr><tr><td>Long-term liabilities<\/td><td>Remaining equipment loan<\/td><td>$15,000<\/td><\/tr><tr><td>&nbsp;<\/td><td><strong>Total liabilities<\/strong><\/td><td><strong>$19,000<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Of their $16,000 equipment loan, $1,000 is due within the next 12 months and is recorded as a current liability. The remaining $15,000 is classified as a long-term liability.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Equity<\/h3>\n\n\n\n<p class=\"wp-block-paragraph\">Finally, BrewCafe calculates the value remaining for the owner. The owner started with $20,000 in owner contributions (capital) and has $12,000 in profits saved up (retained earnings).<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><th>Equity category<\/th><th>Amount<\/th><\/tr><\/thead><tbody><tr><td>Capital<\/td><td>$20,000<\/td><\/tr><tr><td>Retained earnings<\/td><td>$12,000<\/td><\/tr><tr><td><strong>Total equity<\/strong><\/td><td><strong>$32,000<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"wp-block-paragraph\">Following the formula:&nbsp; Assets = Liabilities + Equity, the result is:<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>$51,000 = $19,000 + $32,000<\/strong><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">BrewCafe&#8217;s total assets are $51,000 and the sum of their total liabilities and total equity equals the same amount, meaning the statement is balanced.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Use the same process when entering your own figures into the balance sheet template.<\/p>\n\n\n\n<h2 id=\"h-what-are-the-limitations-of-a-balance-sheet\" class=\"wp-block-heading\"><a><\/a>What are the limitations of a balance sheet?<\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">A balance sheet provides a useful snapshot of your financial position, but it won&#8217;t necessarily help you track short-term trends or changes in revenue, expenses, and cash flow over time. It also doesn&#8217;t take into account that asset values may not match current market prices, nor that some of your figures may rely on accounting assumptions.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Let&#8217;s look the main limitations in more detail:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><strong>It reflects one point in time:<\/strong> a balance sheet shows financial position on a specific date, so it does not reveal how revenue, expenses, or cash flow changed throughout the reporting period.<\/li>\n\n\n\n<li><strong>Book values may differ from market values:<\/strong> some assets are recorded at their original cost and adjusted for depreciation or loss in value, so the balance sheet may not reflect what they could sell for today.<\/li>\n\n\n\n<li><strong>It may not reveal short-term trends:<\/strong> changes in cash, debt, or working capital can be difficult to identify without comparing balance sheets from multiple periods.<\/li>\n\n\n\n<li><strong>Some figures rely on estimates:<\/strong> amounts such as accumulated depreciation and allowances for doubtful accounts depend on accounting judgments and assumptions.<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">A balance sheet is most useful when reviewed alongside your income statement, <a href=\"https:\/\/www.sage.com\/en-us\/blog\/cash-flow-statement-template\/\" target=\"_blank\" rel=\"noreferrer noopener\">cash flow statement<\/a>, and balance sheets from previous reporting periods.<\/p>\n\n\n\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6aa65344c775b&quot;}\" data-wp-interactive=\"core\/image\" data-wp-key=\"6aa65344c775b\" class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1458\" height=\"706\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on--click=\"actions.showLightbox\" data-wp-on--load=\"callbacks.setButtonStyles\" data-wp-on--pointerdown=\"actions.preloadImage\" data-wp-on--pointerenter=\"actions.preloadImageWithDelay\" data-wp-on--pointerleave=\"actions.cancelPreload\" data-wp-on-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-banner-2.jpg\" alt=\"Illustration of a person filing papers in a large cabinet next to text listing the three core financial statements for a company: income statement, cash flow statement, and balance sheet.\" class=\"wp-image-30845\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-banner-2.jpg 1458w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-banner-2-768x372.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-banner-2-1440x697.jpg 1440w\" sizes=\"auto, (max-width: 1458px) 100vw, 1458px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\tdata-wp-bind--aria-label=\"state.thisImage.triggerButtonAriaLabel\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.thisImage.buttonRight\"\n\t\t\tdata-wp-style--top=\"state.thisImage.buttonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><\/figure>\n\n\n<div class=\"wp-block-sage-spacer\" aria-hidden=\"true\" style=\"height: var(--spacing-xmedium); clear: both;\"><\/div>\n\n\n<h2 id=\"h-final-thoughts\" class=\"wp-block-heading\">Final thoughts <\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Reviewing your balance sheet regularly helps you monitor changes in cash, debt, and equity.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Used alongside the income statement and cash flow statement, it provides a fuller view of financial position and performance.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A balance sheet Excel template provides a consistent format for organizing and comparing your figures.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">But as your business and reporting needs grow, <a href=\"https:\/\/www.sage.com\/en-us\/accounting-software\/\" target=\"_blank\" rel=\"noreferrer noopener\">accounting software<\/a> can help centralize financial data, automate calculations, and reduce manual errors.\u00a0<\/p>\n\n\n\n<div class=\"single-cta gated-content\">\n\t<div class=\"single-cta__positioner on-scroll-highlight__target\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Balance Sheet template<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p><!-- wp:paragraph --><\/p>\n<p>Download a free, easy to use balance sheet template in Excel. <\/p>\n<p><!-- \/wp:paragraph --><\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-43207406-9ffa-4f1d-845b-914653b7ac30\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Download now<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"453\" height=\"810\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-template-example-453x810.jpg\" class=\"single-cta__image\" alt=\"An example of a balance sheet\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2025\/05\/balance-sheet-template-example-453x810.jpg 453w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n<section class=\"wp-block-sage-faq\">\n\t\n<h2 id=\"h-balance-sheet-faqs\" class=\"wp-block-heading\">Balance sheet FAQs<\/h2>\n\t\t\t<div class=\"faq-items\">\n\t\t\t<div class=\"wp-block-sage-faq-item\" id=\"faq-item-1877bdb6\">\n\t<div class=\"faq-item-question\">\n\t\t\n<h3 id=\"h-is-every-business-required-to-prepare-a-balance-sheet\" class=\"wp-block-heading\"><strong>Is every business required to prepare a balance sheet?<\/strong><\/h3>\n\t<\/div>\n\t\t\t<div class=\"faq-item-answer\">\n\t\t\t\n<p class=\"wp-block-paragraph\">Balance sheet requirements vary depending on the business structure, tax filing obligations, location, and requests from lenders or investors. Public companies and some corporations or partnerships may need to include balance sheet information in regulatory or tax filings. An accountant or tax professional can confirm what applies to your business.<\/p>\n\t\t<\/div>\n\t<\/div>\n<div class=\"wp-block-sage-faq-item\" id=\"faq-item-dddcd5bf\">\n\t<div class=\"faq-item-question\">\n\t\t\n<h3 id=\"h-what-is-the-difference-between-a-balance-sheet-and-an-income-statement\" class=\"wp-block-heading\"><strong>What is the difference between a balance sheet and an income statement?<\/strong><\/h3>\n\t<\/div>\n\t\t\t<div class=\"faq-item-answer\">\n\t\t\t\n<p class=\"wp-block-paragraph\">A balance sheet shows your business&#8217;s financial position at a specific point in time\u2014assets, liabilities, and equity\u2014highlighting liquidity, solvency, and capital structure. An income statement tracks revenue and expenses over a period, such as quarter or a year, showing whether the business made a profit or loss. Together, they offer a comprehensive view of financial health.<\/p>\n\t\t<\/div>\n\t<\/div>\n<div class=\"wp-block-sage-faq-item\" id=\"faq-item-1e93b60f\">\n\t<div class=\"faq-item-question\">\n\t\t\n<h3 id=\"h-what-is-the-difference-between-a-balance-sheet-template-and-a-balance-sheet-example\" class=\"wp-block-heading\"><strong>What is the difference between a balance sheet template and a balance sheet example?<\/strong><\/h3>\n\t<\/div>\n\t\t\t<div class=\"faq-item-answer\">\n\t\t\t\n<p class=\"wp-block-paragraph\">A balance sheet template is a reusable document allowing you to enter (and re-enter) your own assets, liabilities, and equity figures. A balance sheet example is a completed statement containing sample figures that show how the categories and accounting equation work in practice. You can use the example as a reference while completing the Excel template with your business\u2019s financial information.<\/p>\n\t\t<\/div>\n\t<\/div>\n<div class=\"wp-block-sage-faq-item\" id=\"faq-item-26a7a3ac\">\n\t<div class=\"faq-item-question\">\n\t\t\n<h3 id=\"h-is-a-balance-sheet-form-the-same-as-a-balance-sheet-template\" class=\"wp-block-heading\"><strong>Is a balance sheet form the same as a balance sheet template?<\/strong><\/h3>\n\t<\/div>\n\t\t\t<div class=\"faq-item-answer\">\n\t\t\t\n<p class=\"wp-block-paragraph\">The terms are often used interchangeably. A balance sheet form is usually a blank structure for entering assets, liabilities, and equity data, while a template may also include formulas, instructions, and comparison columns.<\/p>\n\t\t<\/div>\n\t<\/div>\n\t\t<\/div>\n\t<\/section>\n\n\n\n<div class=\"single-cta\">\n\t<div class=\"single-cta__positioner on-scroll-highlight__target\">\n\t\t<div class=\"single-cta__wrapper has-dark-background-color\">\n\t\t\t<div class=\"single-cta__content\">\n\t\t\t\t\t\t\t\t<h2 class=\"single-cta__title h3\">Subscribe to our Sage Advice Newsletter<\/h2>\n\n\t\t\t\t\t\t\t\t\t<div class=\"single-cta__description\">\n\t\t\t\t\t\t<p>Get our latest business advice delivered directly to your inbox.<\/p>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t<a\n\t\t\t\t\t\thref=\"#gate-ab515c6e-7e90-4c2f-a67e-113872516e8b\"\n\t\t\t\t\t\tclass=\"single-cta__button button button--primary\"\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t>Subscribe<\/a>\n\t\t\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<\/div>\n\n\t\t\t\t\t<img decoding=\"async\" width=\"1440\" height=\"810\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1073797282-1440x810.jpg\" class=\"single-cta__image\" alt=\"Working from home with tea in hand\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1073797282-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 33vw, 100vw\" \/>\t\t\t<\/div>\n<\/div>\n\n\n<section class=\"more-topics alignfull has-grey-light-background-color wp-block-sage-post-topics\">\n\t<div class=\"container\">\n\t\t<div class=\"row\">\n\t\t\t<div class=\"col col-12 col-lg-4\">\n\t\t\t\t<h3 class=\"more-topics__title h2\">Browse more topics from this article<\/h3>\n\t\t\t<\/div>\n\t\t\t<div class=\"col col-12 col-lg-8\">\n\t\t\t\t<ul class=\"post-tags__list\">\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/accountants\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tAccountants\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/accounting-101\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tAccounting 101\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/boss-your-business\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tBoss your business\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/business-intelligence\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tBusiness intelligence\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/cash-flow\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tCash Flow\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/fixed-assets\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tFixed Assets\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/growing-a-business\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tGrowing a business\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/small-business\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tSmall business\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/starting-a-business\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tStarting a business\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/staying-competitive\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tStay competitive\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t\t\t<li class=\"post-tags__item\">\n\t\t\t\t\t\t\t<a href=\"https:\/\/www.sage.com\/en-us\/blog\/hub\/tax\/\" class=\"post-tags__link button button--secondary\">\n\t\t\t\t\t\t\t\tTax\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t<\/li>\n\t\t\t\t\t\t\t\t\t<\/ul>\n\t\t\t<\/div>\n\t\t<\/div>\n\t<\/div>\n<\/section>\n\n\n<div class=\"alignfull wp-block-sage-related-posts\">\n\t<section class=\"related-posts card-grid has-dark-background-color\">\n\t<div class=\"container\">\n\t\t\t\t\t<div class=\"row\">\n\t\t\t\t<div class=\"col\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--featured h1\">Explore more wisdom<\/h2>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\n\t\t\t<div class=\"row related-posts__featured\">\n\t\t\t\t<div class=\"col card-grid__item\">\n\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-0 post-27781 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters tag-accounting-101 tag-cash-flow tag-sage-accounting business_type-small-business card-post--is-clickable\"\n>\n\t<div class=\"card-post__media-wrapper\">\n\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"1214\" height=\"810\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0546-1214x810.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0546-684x384.jpg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0546-768x512.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/10\/BrandShoot-LND_June2024_Financial-Services_0546-1214x810.jpg 1214w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\t<\/div>\n\n\t<div class=\"card-post__content\">\n\t\t\t\t\t<div class=\"card-post__label\">Recommended<\/div>\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-02T10:25:52-04:00\">September 2, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">13 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h3\">\n\t\t\t\t\t\t\t<a\n\t\t\t\t\tclass=\"card-post__title-link\"\n\t\t\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/what-is-cash-basis-accounting\/\"\n\t\t\t\t>\n\t\t\t\n\t\t\tCash basis accounting explained: Pros, cons, and examples\n\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t<\/p>\n\n\t\t\n\t\t\t\t\t<p class=\"card-post__description\">\n\t\t\t\tWhether you&#8217;re a freelancer or a small business owner, cash basis accounting is probably closer to how you already think about money than you realize. Here&#8217;s how it actually works, where it falls short, and how to tell if it&#8217;s still the right fit as your business grows.\t\t\t<\/p>\n\t\t\n\t\t\t<\/div>\n\n\t<\/article>\n\t\t\t\t<\/div>\n\t\t\t<\/div>\n\t\t\n\t\t\t\t\t<div class=\"row related-posts__non-featured\">\n\t\t\t\t<div class=\"col col-12\">\n\t\t\t\t\t<h2 class=\"related-posts__heading related-posts__heading--more h4\">More on this Topic<\/h2>\n\t\t\t\t<\/div>\n\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-1 post-27788 post type-post status-publish format-standard has-post-thumbnail hentry category-money-matters tag-accounting-101 tag-cash-flow tag-sage-accounting business_type-small-business business_type-growing-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/is-accounts-receivable-an-asset\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/08\/BrandShootLDN_Jul2022_TechSoftware_0015-Final-684x384.jpeg\" class=\"card-post__image\" alt=\"A woman working on her desktop computer in an office.\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/08\/BrandShootLDN_Jul2022_TechSoftware_0015-Final-684x384.jpeg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/08\/BrandShootLDN_Jul2022_TechSoftware_0015-Final-768x432.jpeg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/08\/BrandShootLDN_Jul2022_TechSoftware_0015-Final-1440x810.jpeg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-02T09:29:07-04:00\">September 2, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">10 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tIs accounts receivable an asset or liability? Why does it matter?\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-2 post-30337 post type-post status-publish format-standard has-post-thumbnail hentry category-accountants category-money-matters tag-accountants tag-accounting-101 tag-boss-your-business tag-business-intelligence tag-business-strategy tag-cash-flow tag-growing-a-business tag-small-business tag-starting-a-business tag-tax business_type-small-business business_type-accountants\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/what-is-petty-cash\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1022379466-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1022379466-684x384.jpg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1022379466-768x432.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2022\/04\/GettyImages-1022379466-1440x810.jpg 1440w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-02T07:25:41-04:00\">September 2, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">14 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tWhat is petty cash?\u00a0A complete guide\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-3 post-27772 post type-post status-publish format-standard has-post-thumbnail hentry category-accountants category-money-matters tag-accountants tag-accounting-101 tag-cash-flow business_type-small-business business_type-accountants industry-nonprofit\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/general-ledger-reconciliation\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/10\/BrandShootLDN_Jul2022_ProfSvcs_0726-original-684x384.jpeg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/10\/BrandShootLDN_Jul2022_ProfSvcs_0726-original-684x384.jpeg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/10\/BrandShootLDN_Jul2022_ProfSvcs_0726-original-768x512.jpeg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2024\/10\/BrandShootLDN_Jul2022_ProfSvcs_0726-original-1214x810.jpeg 1214w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-02T06:32:42-04:00\">September 2, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">14 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tGeneral ledger reconciliation: A complete guide\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\n\t\t\t\t\t<div class=\"col col-6 col-lg-3 card-grid__item\">\n\t\t\t\t\t\t<article\n\t\tclass=\"card-post related-post related-post-4 post-29480 post type-post status-publish format-standard has-post-thumbnail hentry category-accountants category-money-matters category-strategy-legal-operations tag-accounting-101 tag-cash-flow tag-sage-accounting tag-tax business_type-small-business business_type-growing-business\"\n>\n\t\t\t<a\n\t\t\tclass=\"card-post__link\"\n\t\t\thref=\"https:\/\/www.sage.com\/en-us\/blog\/accrued-expenses-vs-accounts-payable\/\"\n\t\t\t\t\t>\n\t\t\t<figure class=\"card-post__media\">\n\t\t\t\t\t\t\t<img decoding=\"async\" width=\"684\" height=\"384\" src=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-529793801-684x384.jpg\" class=\"card-post__image\" alt=\"\" loading=\"lazy\" srcset=\"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-529793801-684x384.jpg 684w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-529793801-768x575.jpg 768w, https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-529793801-1081x810.jpg 1081w\" sizes=\"auto, (min-width: 48em) 250px, (min-width: 30em) 100vw, 100vw\" \/>\t\t\t\n\t\t\t\n\t\t\t\t\t<\/figure>\n\n\t\t\n\t\t\t\t\t<div class=\"card-post__meta\">\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"posted-on \"><time class=\"entry-date published\" datetime=\"2026-09-02T04:37:41-04:00\">September 2, 2026<\/time><\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<span class=\"card-post__meta-text\"><span class=\"reading-time\">11 min read<\/span><\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\n\t\t<p class=\"card-post__title h5\">\n\t\t\tWhat are accrued expenses? A guide for growing businesses\t\t<\/p>\n\n\t\t\t<\/a>\n\t\n\t\n\t\t\n\t\n\t<\/article>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t<\/div>\n<\/section>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Download a free balance sheet template in Excel and learn how to complete it. Understand the standard balance sheet format, how this financial document works, as well as its limitations, and explore a practical balance sheet example.<\/p>\n","protected":false},"author":1847,"featured_media":20242,"menu_order":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_is_cornerstone":"","_yoast_wpseo_meta-robots-noindex":"","_yoast_wpseo_meta-robots-nofollow":"","_yoast_wpseo_opengraph-title":"","_yoast_wpseo_opengraph-description":"","_yoast_wpseo_opengraph-image":"","_yoast_wpseo_opengraph-image-id":"","_yoast_wpseo_twitter-title":"","_yoast_wpseo_twitter-description":"","_yoast_wpseo_twitter-image":"","_yoast_wpseo_twitter-image-id":"","_yoast_wpseo_schema_page_type":"","_yoast_wpseo_schema_article_type":"","_sage_video":false,"_yoast_wpseo_focuskeywords":"[{\"keyword\":\"balance sheet example\",\"score\":78},{\"keyword\":\"balance sheet format\",\"score\":67},{\"keyword\":\"balance sheet excel\",\"score\":78},{\"keyword\":\"small business balance sheet template excel\",\"score\":56}]","_yoast_wpseo_keywordsynonyms":"[\"\",\"\",\"\",\"\",\"\"]","_yoast_wpseo_primary_category":"46","post_featured_image_hide":false,"sage_hide_published_date":false,"sage_hide_read_time":false,"sage_hide_share_buttons":false,"_pwl_sage_podcast_buzzsprout_src":"","footnotes":""},"categories":[46,44],"tags":[2,110,195,4,299,382,153,34,152,155,118],"business_type":[40,41],"lilypad":[],"context":[],"industry":[],"persona":[98,96,97,95],"imagine_tag":[222,209,468,230,231],"coauthors":[592],"class_list":["post-30833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-growth-customers","category-strategy-legal-operations","tag-accountants","tag-accounting-101","tag-boss-your-business","tag-business-intelligence","tag-cash-flow","tag-fixed-assets","tag-growing-a-business","tag-small-business","tag-starting-a-business","tag-staying-competitive","tag-tax","business_type-small-business","business_type-growing-business"],"sage_meta":{"region":"en-us","author_name":"Joe Church Woods","featured_image":"https:\/\/www.sage.com\/en-us\/blog\/wp-content\/uploads\/sites\/2\/2023\/09\/GettyImages-586970671.jpg","imagine_tags":{"222":"Accountants","209":"Accounting","468":"Grow your business","230":"Small business","231":"Start up business"}},"distributor_meta":false,"distributor_terms":false,"distributor_media":false,"distributor_original_site_name":"Sage Advice US","distributor_original_site_url":"https:\/\/www.sage.com\/en-us\/blog","push-errors":false,"_links":{"self":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/posts\/30833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/users\/1847"}],"replies":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/comments?post=30833"}],"version-history":[{"count":6,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/posts\/30833\/revisions"}],"predecessor-version":[{"id":37704,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/posts\/30833\/revisions\/37704"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/media\/20242"}],"wp:attachment":[{"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/media?parent=30833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/categories?post=30833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/tags?post=30833"},{"taxonomy":"business_type","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/business_type?post=30833"},{"taxonomy":"lilypad","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/lilypad?post=30833"},{"taxonomy":"context","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/context?post=30833"},{"taxonomy":"industry","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/industry?post=30833"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/persona?post=30833"},{"taxonomy":"imagine_tag","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/imagine_tag?post=30833"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.sage.com\/en-us\/blog\/api\/wp\/v2\/coauthors?post=30833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}