Balance Sheet Template for Small Business (Free Tool)
Use this balance sheet template for small business to enter assets, liabilities and owner's equity, see each total and check that it balances. Free tool.
A balance sheet template for small business shows what the business owns, what it owes and what is left for the owner on one date. If it doesn't balance, something in the books needs a look.
This free Balance Sheet Template from LiveFixPro Bookkeeping is a simple form for your assets, liabilities and owner's equity. It totals each section and checks that assets equal liabilities plus equity.
Entries stay on your device. The template doesn't upload or store anything, and it works offline once the page has loaded.
What to gather
Balance sheet date, for example "October 31, 2026."
Balances as of that date, for example from your QuickBooks® Balance Sheet report, in six sections. Rename lines, delete the ones you don't need and add your own.
Current assets. Cash and bank accounts, accounts receivable, inventory, prepaid expenses and other current assets.
Fixed assets. Equipment, vehicles, furniture and fixtures, and accumulated depreciation.
Other assets. Deposits and other long-term assets.
Current liabilities. Accounts payable, credit cards, the current part of loans, customer deposits and other current liabilities.
Long-term liabilities. Long-term loans and other long-term liabilities.
Owner's equity. Owner contributions, retained earnings from earlier years, net profit this year and owner draws.
Lines marked "Less:" reduce their section. Enter them as positive numbers. Curious how it looks filled in? Load a sample does it in one tap. Sample balances are examples, not real figures.
What the template shows
Summary cards with the totals and a clear status: whether the balance sheet balances.
A section-by-section table with subtotals for each section.
A ratio, current assets divided by current liabilities, worked out from your numbers.
Print the sheet or take a CSV copy. In the CSV copy, a line name that starts with =, +, - or @ gets an apostrophe in front so a spreadsheet shows it as plain text.
How the check is calculated
Assets = liabilities plus owner's equity. Fixed assets are shown net of any "Less:" line you enter. Think of the result as a planning summary rather than a finished financial statement; an accountant may adjust items.
If it doesn't balance
Check that every bank and card account is reconciled to its statement.
Look for a missing account, such as a loan or a credit card.
Confirm "Net profit this year" matches your Profit and Loss report for the same date.
Check the sign on owner draws and accumulated depreciation.
Using it with your other reports
A balance sheet is a snapshot on one date. Your Profit and Loss covers a period, and your cash flow statement explains the change in cash. Our Profit and Loss Template and Cash Flow Statement Template are built to be used alongside it.
Where the template stops
The template adds up what you enter and nothing more. It has no link to QuickBooks, it doesn't audit your entries, and it offers no accounting or legal advice.
Want help with your monthly balance sheet?
The published price for monthly bookkeeping is $499/mo, and scope is confirmed on the free consult. Book a free consult and bring your latest balance sheet so we can look at it together.
Where this fits
The balance sheet is one of three statements that work together. For how it lines up with the cash flow statement and the trial balance, read our financial statements for small business guide.
FAQ
What is a balance sheet template for small business?
A layout that lists what the business owns (assets), what it owes (liabilities) and what is left for the owner (equity) on one date, and checks that assets equal liabilities plus equity.
What does it mean if my balance sheet doesn't balance?
Something is missing or entered wrongly. Check that every account is reconciled, look for a missing account such as a loan or a credit card, and confirm net profit this year matches your Profit and Loss.
How do I enter the "Less:" lines?
As positive numbers. Lines marked "Less:", such as accumulated depreciation and owner draws, reduce their section.
Is this a finished financial statement?
No. Treat it as a planning summary; your accountant may adjust items.
Is my balance sheet information sent or stored?
No. Entries stay in your browser; nothing is uploaded, sent or stored, and a CSV download is how you keep a copy.
Check your balance now
Type your balances into the template above and see whether the totals agree. If they never do, talk it through on a free consult.
QuickBooks® is a registered trademark of Intuit Inc. LiveFixPro is independent and not endorsed by Intuit.
QuickBooks® is a registered trademark of Intuit Inc. LiveFixPro is independent and not endorsed by Intuit.
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Bookkeeping Services FAQs
What are bookkeeping services for small businesses?
Bookkeeping services keep your day-to-day financial records accurate—categorizing transactions, reconciling accounts, and preparing clean books so you can see cash flow and make decisions with confidence.
Who is this for?
U.S. small businesses that want reliable monthly bookkeeping and clear books without hiring a full-time in-house bookkeeper. Deep QuickBooks cleanup is available separately when your books need a catch-up.
What’s included in monthly bookkeeping?
Transaction categorization, bank and credit-card reconciliation, and organized books ready for review.
How is pricing structured?
Monthly Bookkeeping is $499/mo, Support for QuickBooks Users is $149.99/mo, Cleanup for QuickBooks Users is $1,999 fixed one-time, and Catch-up Bookkeeping starts from $799.99 one-time. Final scope is confirmed on a free consultation.
Do you use QuickBooks?
Yes—work is for QuickBooks® users. Cleanup and ongoing bookkeeping can connect to your QuickBooks Online file when that is the right fit. LiveFixPro is independent and not endorsed by Intuit Inc.
How do we get started?
Book a free consultation on our calendar. We’ll confirm scope, access needs, and the right package before work begins: Book a free consultation
Intuit, QuickBooks, and QuickBooks ProAdvisor are registered trademarks of Intuit Inc. used with permission under the QuickBooks ProAdvisor Agreement.