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As can be seen below, the template that we created clearly distinguishes between assets and liabilities. At the top, we have a company name followed by a balance sheet for a particular year and month. The Balance sheet can contain many elements but is essentially under two sections as described earlier. Let’s go through the following screenshot that shows the template of the balance sheet that we created in Excel. There are two important components here which are Assets and Liabilities. It balances the assets with liabilities and gives a quick insight into which element goes into which section. Template for Balance SheetĪ balance sheet is a very crucial and the most important part of accounting. We shall see how the template for each of them exists in Excel. There are various accounting documents, amongst which the important ones are Balance Sheet, Accounting Journal, Accounts Payable, Accounts Receivable, Income Statement, and Trial Balance. The accounting documents must be updated from time to time based on the changes that take place in the accounting standards and norms.įurther, you will find the most comprehensive list of Excel templates used for accounting.Every company has its own format for accounting documents based on its formatting norm and standards, but the document must be based on the standard accounting principles and guidelines followed in the country.Excel functions, formula, charts, formatting creating excel dashboard & others Key Aspect
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