Use this free restaurant balance sheet template to track your assets, liabilities, and equity.
A restaurant balance sheet is a key financial statement that lists your restaurant’s assets, liabilities, and equity at a given point in time. In other words, it’s a snapshot of what your business owns and owes, as well as the amount invested.
A balance sheet template is a very important financial tool because it provides a succinct overview of your business’s financial health, while also aiding in short- and long-term forecasting. And when you use a balance sheet template alongside other financial documents, such as your restaurant profit and loss statement and your statement of cash flows, you can get a complete picture of how well your business is doing.
Of course, regularly adding up those numbers can take time, which is why a simple balance sheet template can be your secret weapon.
Our free balance sheet template is fully customizable and easy to use in Excel or Google Sheets. After downloading the balance sheet template, simply open the spreadsheet in the program of your choice and begin plugging in the appropriate numbers.
To help you easily identify your assets (everything your business owns) and liabilities (everything your business owes), we’ve listed several examples of each in the template. In the assets section, we’ve further broken things down into current assets and long-term assets. In the liabilities section, you’ll find a similar division between current liabilities and long-term liabilities.
After you’ve input all your assets and liabilities, the balance sheet template will help you subtract your total assets from your total liabilities. This will give you your equity, also known as your retained earnings. Of course, this number is simply a static snapshot of your restaurant’s current financial status. You’ll want to update this free balance sheet template in Excel or Google Sheets regularly to monitor the financial health of your business.