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Balance Sheet Generator
Free
★★★★★
"Used this to prepare my first balance sheet for the bank loan application. The balance check feature caught a ₹15,000 entry error I'd missed."
Vikram Joshi — Manufacturing unit, Pune
★★★★★
"Clean format, easy to fill in. I prepare quarterly snapshots for my CA review using this tool — saves time before our formal accounts are done."
Ananya Sharma — Retail business, Delhi
★★★★☆
"The auto-balance check is very helpful. I could see immediately when my totals didn't match and find the discrepancy."
Rahul Nair — Trading company, Kochi
Frequently Asked Questions
What is a balance sheet?+
A balance sheet shows a business's financial position at a specific date — what it owns (assets), what it owes (liabilities), and the owner's stake (equity). The accounting equation: Assets = Liabilities + Equity must always hold true.
What are current vs fixed assets?+
Current assets (cash, receivables, inventory) convert to cash within a year. Fixed/non-current assets (land, plant, machinery) are used long-term. Banks assess both when evaluating loan applications — current ratio and working capital from current assets are key liquidity signals.
Why is my balance sheet not balancing?+
Common causes: missing an entry, entering a wrong number, not recording all equity items (retained earnings, current year profit/loss), or treating a liability as an asset. Check each section — the tool shows the difference amount to help you locate the discrepancy.
Do I need a CA to certify my balance sheet?+
For official purposes — ROC filings, bank loans, income tax — yes, a CA must certify. This tool helps you draft and check your figures. ClearlyComply's CA team can prepare and certify your financial statements from ₹999.
What is GST payable in a balance sheet?+
GST Payable is net GST liability — output GST collected minus ITC (input tax credit). It's a current liability. If ITC exceeds output GST, you have a GST receivable (current asset). Accurate GST accounting is critical for GSTR-3B filings and annual reconciliation.