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Balance Sheet For A Small Business
Assets
Liabilities
Current assets
Current Liabilities
Cash in bank
Accounts payable
Accounts receivable
Short-term loans
Inventory
Other payments due
Total current assets
in 12 months
Total current liabilities
Fixed assets
Land
Long-term liabilities
Buildings
Long-term loans
Less depreciation
(due after 1 year)
Net land & buildings
Mortgage
Total long-term liabilities
Equipment
Less depreciation
Total liabilities (L)
Net equipment
Owners' equity
Cars & trucks
Investment
Less depreciation
Retained earnings
Net cars & trucks
Total owners' equity (E)
Total assets (A)
Total liabilities and
owners' equity
Total assets equals total liabilities
plus owners' equity or A=L+E
Use this worksheet to prepare the balance sheet you will include in your business plan. Yours
may have slightly different categories depending on the type of business. Use a similar format to
prepare pro forma (projected) balance sheets.
"Investment" represents the amount you and/or your partners or other owners have invested in the
business.
"Retained earnings" is the net earnings or profit you have put back into the business.
The total for owners' equity (calculated by deducting total liabilities from total assets) also represents
the net worth of your business.