Startup Balance Sheet Template

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Use this free excel template to generate a balance sheet for your startup. This balance sheet template simplifies the balance sheet process by asking plain language questions and then a balanced balance sheet will be generated from those answers.

What is a startup balance sheet? A startup balance sheet could mean different things to different people depending on the context.  For example, some companies might be considered a startup for years after launching the business in which case a startup balance sheet might just mean a balance sheet for an early stage business.  If this is your situation, you should use our free balance sheet spreadsheet template.

If you need a balance sheet for a true startup, a business that has not yet started, then our startup balance sheet template is for you.  Our startup balance sheet assumes that you will enter in your assets, liabilities, and equity that you expect to have on day 1 of your operations.  For example, if you are opening a restaurant you might invest some of your own cash, you might get a loan, you might buy some equipment and some initial inventory all before you officially open for business.  These are the types of items you should include on your startup balance sheet. 

What is an opening balance sheet for a startup?  Typically an opening balance sheet is simply the balance sheet for a company as of the first day of a particular period.  So you could have an opening balance sheet as of the first day of your fiscal year, but in the context of a startup, an opening balance sheet is likely considered your balance sheet as of the date that you open for business.  

What is not included on a startup balance sheet? A startup balance sheet is similar to a balance sheet for any existing business, but given that the business has not yet opened for operations there are a few line items that a startup balance sheet likely won’t include:

Accounts Receivable - You won’t have any accounts receivable yet because you haven’t sold anything to customers yet.

Retained Earnings - Retained earnings is the cumulative amount of profit generated by the business.  Since you have not opened yet, your startup balance sheet is unlikely to include any retained earnings. 

What should be included on a startup balance sheet?  All balance sheets should have the company’s assets, liabilities, and equity.  For a startup your balance sheet might include the following:

Current Assets

Cash in bank

Inventory

Prepaid expenses

Other current assets

Fixed Assets

Machinery & equipment

Furniture & fixtures

Leasehold improvements

Land & buildings

Other fixed assets

Other Assets

Intangibles

Goodwill

Other

Current Liabilities

Accounts payable

Notes, short-term (due within 12 months)

Current part, long-term debt

Other current liabilities

Long-term Debt

Bank loans payable

Notes payable to stockholders

LESS: Short-term portion

Other long term debt

Owners' Equity

Invested capital

No items found.

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