A balance sheet template is a financial statement which is prepared and published by the company as a record of a specific period to show the current financial position and exact market value of its assets and liabilities. It allows year-over-year comparison of retained earnings and performance of assets, including accumulated depreciation. Generally, it is a financial statement which is used to show what the assets are as well as the liabilities of the business for a stated period of time. Moreover, assets and liabilities are then categorized into different sections like current assets, fixed assets, floating assets, current liabilities or short term liabilities, long term liabilities, shareholder’s equity or retain earnings. That is the reason why a proper format is used for drafting a balance sheet with the business name, balance sheet and time period written on the top of the page. A balance sheet template helps you with identifying the potential risk elements as well as opportunities at the same time as making effective plans and preventing those risks for betterment of your business. Advantages of a Balance Sheet: A balance sheet template is a financial document that helps the company to run a business successfully. This sheet