Preparation of the balance sheet is the final step in the accounting cycle. The balance sheet is a report of the financial position of the business at a specific date. All the information contained in the balance sheet must balance to your support documents and the total assets must balance to the total liabilities and shareholders equity.
The grey areas in the template contain formulas so do not enter information into those fields.
This template is sourced from The Nedbank Ultimate Business Companion.
Author: Lesley-Caren Johnson.