Use this free excel template to generate a balance sheet (statement of financial position) for your church or religious organization. This balance sheet template simplifies the balance sheet process by asking plain language questions and then a balance sheet will be generated from those inputs along with helpful tips about each line item.
A church balance sheet is a financial report that displays the assets and liabilities of the church as of a specific date.
A church balance sheet does not include retained earnings. Retained earnings is the cumulative profit of a business, but a church is a non profit and non profits do not display retained earnings on the balance sheet. Instead, a church will report “Net Assets” which is the difference between the organization’s Assets and Liabilities. If you have a for profit business you should use our balance sheet Excel template.
A church balance sheet may include church specific categories like Grants Receivable or Pledge Receivable for grants, donations and pledges that have been awarded or pledged, but not yet received. This could be common for a church building fundraising campaign where members might pledge to donate in the future, but have not made the donation yet.
Yes. A statement of financial position is a synonym for balance sheet.
If you need to create a balance sheet for your church as of the current date, then our free template should be sufficient for you; however, if you need to create a balance sheet forecast for your church for a date in the future, you will need to create a full set of financial projections. Our church financial forecast spreadsheet will allow you to create up to 5 years of projected income statements, cash flow statements and balance sheet forecasts.
A balance sheet for a church could include the following items: