Balance Sheet

Description: This document provides a template balance sheet and useful background information. The purpose of a balance sheet is to provide a snapshot view of a company's financials. It is a financial statement that summarizes a company's assets, liabilities, and owners'/shareholders' equity at a specified point in time. Each section will list several accounts. For example, the assets will commonly include accounts for current assets (such as cash, inventory, and accounts receivable), fixed assets, property, and equipment. Similarly, the liabilities section will often include accounts for current and fixed liabilities, though the exact accounts listed will vary by company. This balance sheet is a useful analytical tool for every business which can be used to calculate working capital or determine a company's capital structure.
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