A daily balance sheet is a practical tool for tracking your financial position on a day-to-day basis. Unlike traditional balance sheets that capture your finances monthly or quarterly, a daily version shows what you own, what you owe, and your net worth each day.
This frequent snapshot helps you stay on top of cash flow changes and make timely financial decisions.
Setting up a daily balance sheet from scratch can be time-consuming if you’re not familiar with the format. A template provides the structure you need to consistently organize your financial information without having to start from scratch each time.
Our guide provides a free daily balance sheet template along with practical information on how to use it effectively for regular financial tracking.
What Is a Daily Balance Sheet Spreadsheet?
A daily balance sheet spreadsheet is a financial tracking tool that records a company’s or an individual’s assets, liabilities, and equity on a day-to-day basis.
It’s beneficial for businesses with high transaction volumes or those requiring tight financial control and immediate visibility into their financial health.
Download Spreadsheet Daddy’s Free Daily Balance Sheet Spreadsheet
This Daily Balance Sheet Template provides a clear overview of your company’s financial position, with organized sections for assets, liabilities, and shareholders’ equity.
You can easily tailor the template to your business by inserting or deleting rows, ensuring it aligns perfectly with your unique accounting structure and operational requirements.
What’s included
- Comprehensive asset-tracking framework: Organized into Current Assets and Fixed Assets, each category features automatic subtotaling and rolls up to a total for complete visibility of company resources.
- Dual-tier liability structure: Separating Current Liabilities from Long-Term Liabilities, this classification helps distinguish immediate obligations from extended financial commitments and provides calculated subtotals for strategic cash flow planning.
- Complete shareholders’ equity section: Captures all equity components, including Paid-In Capital, Retained Earnings, Owner Withdrawals, and Accumulated Other Comprehensive Income with automatic total calculation. This provides a clear snapshot of ownership value and accumulated business performance over time.
- Automatic balance verification system: Features built-in formulas that calculate Total Assets and Total Liabilities & Equity, with a Balance row that displays $0.00 when properly balanced.
- Professional documentation header: Includes customizable fields for Company Name, Address, Prepared By with date, and Reviewed By with date. This maintains proper audit trails and accountability standards while presenting financial information in a stakeholder-ready format that meets professional reporting requirements.
How to Use Our Daily Balance Sheet Spreadsheet Template
1. Start monitoring your daily assets and liabilities by downloading the template in Excel or PDF format, or by duplicating the Google Sheets file.
2. Record the company title, location, and preparation personnel alongside when preparation was completed. Add verification personnel and their review date, and include the coverage date.
3. Proceed by recording your asset figures for the day within the Assets section. Each entry you make triggers automatic calculations of subtotals and the total of your assets.
4. Next, proceed to documenting Liabilities and Shareholder’s Equity. Input the daily amounts for each line item, and the template will automatically compute subtotals for current liabilities, long-term liabilities, and total liabilities and equity.
5. The day’s final Balance will be determined using all the financial information you’ve provided.
