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The balance sheet displays the company’s total assets and how the assets are financed, either through either debt or equity. It can also be referred to as a statement of net worth or a statement of financial position. The balance sheet is based on the fundamental equation: Assets = Liabilities + Equity.
A balance sheet is a financial statement that reports a company's assets, liabilities and shareholder equity at a specific point in time.
A balance sheet includes a summary of a business’s assets, liabilities, and capital. Learn what a balance sheet should include and how to create your own.
The balance sheet, also called the statement of financial position, is the third general purpose financial statement prepared during the accounting cycle. It reports a company’s assets, liabilities, and equity at a single moment in time.
A balance sheet is a financial statement that shows the relationship between assets, liabilities, and shareholders’ equity of a company at a specific point in time. Measuring a company’s net worth, a balance sheet shows what a company owns and how these assets are financed, either through debt or equity.
We’ve compiled free, printable, customizable balance sheet templates for project managers, analysts, executives, regulators, and investors. Use these balance sheet templates as financial statements to keep tabs on your assets (what you own) and liabilities (what you owe) to determine your equity.
Here’s an example to help you understand the information to include on your balance sheet. In the example below, we see that the balance sheet shows assets (such as cash and accounts receivable), liabilities (such as accounts payable, credit cards, and taxes payable), and equity.