Create comprehensive balance sheets showing assets, liabilities, and equity for any business
Create a professional balance sheet for [BUSINESS_NAME], a [BUSINESS_TYPE:select:sole proprietorship,partnership,LLC,corporation,nonprofit,other business entity] operating in the [INDUSTRY] sector. The balance sheet date is [REPORTING_DATE] with all amounts reported in [CURRENCY:select:USD,EUR,GBP,CAD,AUD,JPY,CHF,CNY,INR,other currency]. The financial information to include is as follows. Assets consist of [ASSETS_DATA]. Liabilities consist of [LIABILITIES_DATA]. Equity includes [EQUITY_DATA]. Organize the balance sheet using standard accounting structure. Group current assets such as cash, accounts receivable, inventory, and prepaid expenses separately from non-current assets like property, plant, equipment, and intangible assets. Similarly, distinguish current liabilities payable within one year from long-term obligations. Within equity, present contributed capital, retained earnings, and any other equity components provided. Calculate clear subtotals for each section including total current assets, total non-current assets, total assets, total current liabilities, total long-term liabilities, total liabilities, total equity, and total liabilities plus equity. Confirm that the fundamental accounting equation holds where total assets equals total liabilities plus equity. If a discrepancy exists, identify the imbalance amount and note where misclassification may have occurred. Format the output as a properly structured balance sheet with aligned columns, clear section headings, and professional presentation suitable for financial reporting. Include a notes section at the end to explain any significant items, accounting policies applied, or notable observations about the financial position. [ADDITIONAL_CONTEXT?]
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Get Early AccessA balance sheet shows what your business owns, what it owes, and the equity left over for owners at a specific point in time. It follows the fundamental accounting equation: assets equal liabilities plus equity. When the two sides match, your books are in order.
This balance sheet template organizes your financial data into the three required sections. Enter your [ASSETS_DATA] including cash, inventory, and receivables for current assets along with property and equipment for long-term holdings. Add your [LIABILITIES_DATA] to capture accounts payable, loans, and other obligations. The template calculates the equity balance automatically from the difference.
Balance sheets differ from income statements in one important way. An income statement tracks revenue and expenses over a period of time. A balance sheet captures your financial position at one specific date, set by your [REPORTING_DATE]. This snapshot tells investors, lenders, and management whether the business can cover its debts and fund future growth.
For a complete financial picture, pair this with a income statement and a cash flow statement. Add a profit loss statement to track profitability trends. Create your balance sheet in Dock Editor to keep all your financial documents organized in one workspace.
Enter [BUSINESS_NAME], [BUSINESS_TYPE], and [INDUSTRY] to establish the context for your balance sheet. Choose your [CURRENCY] and set the [REPORTING_DATE] for this financial snapshot.
Provide [ASSETS_DATA] organized by liquidity. List current assets first: cash, accounts receivable, inventory, and prepaid expenses. Then add non-current assets like property, equipment, and long-term investments with their current values.
Add [LIABILITIES_DATA] starting with current obligations due within 12 months, such as accounts payable, short-term loans, and accrued expenses. Then list long-term liabilities like mortgages, bonds payable, and multi-year loan balances.
Provide [EQUITY_DATA] including owner investments, retained earnings, common stock, and any additional paid-in capital. The template will verify that assets equal liabilities plus equity per the accounting equation.
Add any [ADDITIONAL_CONTEXT] about unusual items or accounting methods. Check that the balance sheet balances, confirm all accounts are classified correctly, and compare against prior periods to spot any discrepancies.
A retail shop owner prepares a balance sheet before meeting with a bank lender. The document shows total assets of inventory and equipment against outstanding liabilities, demonstrating the business can support new debt.
An accounting manager creates a December 31 balance sheet for annual reporting. The snapshot captures all asset, liability, and equity positions to satisfy board reporting requirements and support tax filing.
A tech startup founder includes a balance sheet in their fundraising deck. It shows current assets from seed funding, minimal liabilities, and founder equity, helping potential investors assess the financial starting position.
A buyer reviews the target company balance sheet during acquisition negotiations. The document reveals asset quality, debt levels, and equity structure, forming the basis for valuation discussions and deal terms.
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