Balance sheet template

Fill in assets, liabilities, and equity and see the gap.

From

The date on the statement.

A name for this statement, such as year end.

Lines
  • Line 1

    What this line is, such as cash or a loan.

    Kind (required)

    Asset, liability, or equity.

    CAD

    The amount of this line, in Canadian dollars.

Result

Balance sheet template

Line 1 Kind (required)
Asset

Gap

—

Add at least one line to see the totals.

Estimate for planning only. This is not tax, legal, accounting or financial advice. Results depend on the figures you enter. Check all numbers, rates and rules with the official source or a qualified professional before relying on them.

How this works and common questions

About this tool

Each line is an asset, a liability, or equity. The gap is assets minus liabilities minus equity. A zero gap means the lines you typed balance. A simple estimate, not advice.

How it works

Cash 5,000.00 and equipment 3,000.00 are assets of 8,000.00. A loan of 2,000.00 is a liability. Owner equity of 6,000.00 makes liabilities plus equity 8,000.00. The gap is 0.00. Totals are the cents you type, added.

Rules

You choose the kind of each line. Assets, liabilities, and equity are added separately. The gap is assets minus liabilities minus equity. A negative gap means liabilities plus equity are higher. This is not a set of books. A simple estimate, not advice.

Questions

When does the statement balance?

When assets equal liabilities plus equity, the gap is 0.00.

Does this file a return or keep books?

No. It adds the lines you type so you can print or copy them. A simple estimate, not advice.

Are all the lines in the file?

Yes. Copy and the CSV include every line, the three totals, and the gap.

Do I need an account?

No. The tools work without one. You only need to sign in to save your work.

Is what I type saved?

No. Nothing is saved unless you sign in and choose Save. Otherwise it stays on the page.

Do you show ads or sell my information?

No. We show no ads and we do not sell your information.

Is this tax or legal advice?

No. Results are estimates for planning. Check rates and rules with the official source or a qualified professional.

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Estimate for planning only. This is not tax, legal, accounting or financial advice. Results depend on the figures you enter. Check all numbers, rates and rules with the official source or a qualified professional before relying on them.