Balance Sheet Templates. Whether you are a business person or student of business, our business forms will assist you in preparing financial statements, financial ratios, break-even calculations, depreciation, standard cost variances, and much more. Our package of 80+ business forms (available when you join PRO or PRO Plus) include the following balance sheet templates. A balance sheet is a business statement that shows what the business owns, what it owes, and the value of the owner's investment in the business. The balance sheet is calculated at specific points in time, such as at business startup, at the end of each month, quarter, or year, and at the end of the business. The balance sheet displays the company’s total assets, and how these assets are financed, through either debt or equity. It can also be referred to as a statement of net worth, or a statement of financial position. The balance sheet is based on the fundamental equation: Assets = Liabilities + Equity.