BALANCECHEAT / Balance Sheet Model
Free Balance Sheet Model
Build and forecast a balance sheet directly in your browser. Plan working capital, fixed assets, debt, equity and cash with an integrated online tool — free to use, with no signup or download required. Start with the Balance Sheet above the supporting Income Statement, change the assumptions that matter to your business, and carry your work into a full three-statement forecast when you need more detail.
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Open the full financial model →What is a balance sheet model?
A balance sheet model forecasts what a business owns, what it owes and the equity attributable to its owners at future dates. A projected balance sheet is useful when planning growth, investment or financing: it shows the resources the plan needs, rather than only the profit it might produce.
Start from a consistent opening financial position and enter observed balances for actual periods. Then model the relationships behind the forecast. Receivables should reflect sales and collection timing; equipment should reflect investment and depreciation. Connected assumptions make a balance sheet projection easier to explain and revise than a set of independently typed closing balances. Cash follows the operating, investing and financing flows in the same underlying financial model.
How to forecast a balance sheet
Begin with opening balances that describe the same company at the same date. Check that assets equal liabilities plus equity before interpreting the forecast. The opening-balance controls let you inspect these inputs; an imbalance is reported rather than silently erased. Use the actual periods to establish the business’s recent financial position.
Next, set a practical operating forecast in the supporting Income Statement below. Revenue influences receivables; cost of sales influences inventory and trade payables. Add the investments and financing that make the plan possible. Finally, inspect cash and the funding requirement. Change one assumption at a time and use Undo to compare the result with the preceding plan. A forecast is most useful when you can identify the assumption behind a movement.
Working capital modeling
DSO, or days sales outstanding, relates receivables to revenue and the time customers take to pay. Longer collection periods tie up more cash, even if reported revenue and profit do not change. For a business growing quickly, that timing can matter as much as its margin.
DIO, or days inventory outstanding, connects stock held to cost of sales. DPO, or days payable outstanding, relates trade payables to purchases or costs and supplier payment timing. Use the existing modeling controls beside receivables, inventory and payables to make those assumptions explicit. Compare the resulting working capital forecast with how the business actually operates. More inventory or slower collections generally absorb cash; later supplier payments can release cash, but the model does not decide whether those terms are commercially achievable.
Forecasting fixed assets, debt and equity
PP&E connects the asset base to capital expenditure, depreciation and supported disposals. Expand its model to inspect asset schedules and their assumptions. The timing and useful life of an investment affect depreciation, while the investment itself affects cash. Opening assets remain relevant even when you add a new project; they should not disappear simply because the forecast begins.
Debt schedules connect borrowing, repayment and interest. Equity changes through earnings, distributions and modeled owner contributions or buybacks. Retained earnings and current-year net income help explain the closing equity balance. Review the cash and revolver results alongside those schedules: the model’s balancing revolver represents a funding requirement, not a promise that a lender will provide credit. These connections let you forecast assets and liabilities without manually forcing the Balance Sheet to balance each year.
How the income statement links to the balance sheet
The simplified Income Statement sits underneath the Advanced Balance Sheet because a financial position depends on the activity leading up to it. Its global assumptions cover revenue growth, gross margin, personnel and other operating costs, depreciation, interest and taxes. They feed the same model that calculates the Balance Sheet; there is no separate P&L calculator to keep synchronized.
A detailed asset or financing schedule can take ownership of a related expense. In that case, the supporting assumption indicates that the detailed model controls it. For more extensive P&L or cash-flow modeling, use Open Full Three-Statement Model. Confirm a name to create a new, otherwise empty model containing this Balance Sheet, supporting P&L and their required linked schedules. Existing saved models are not overwritten, and the carried-over objects retain their identities.
Online balance sheet model vs. Excel balance sheet template
An Excel balance sheet template can be a useful starting point, particularly when you need custom reporting, your own formulas or a format already used by your team. You download or open the workbook, check its assumptions and maintain the links between statements and supporting schedules. That flexibility also means taking responsibility for the formulas and their consistency.
This online balance sheet model starts with those financial relationships already connected. You can build your balance sheet online without installing software or creating an account. The table’s Copy to Excel action remains available when you want to use the output in a spreadsheet. Your editable draft is saved locally in this browser and survives reloads; it is not stored on our servers. After explicit transfer, the Model Library holds the full model and lets you export a portable model file. Keep a backup before clearing browser data.
FAQ
Is this balance sheet model free?
Yes. You can use the model and its existing modeling controls without paying or booking a demo.
Do I need an account?
No signup or download is required. Drafts and saved models stay in your browser, so another browser will not automatically have them.
Can I forecast working capital?
Yes. Model receivables, inventory and payables with the existing drivers, including DSO, DIO and DPO, and inspect their effect on cash.
Does it link to an income statement?
Yes. The supporting Income Statement below the Balance Sheet supplies operating assumptions to the same financial engine.
Can I continue in a full three-statement forecast?
Yes. Confirm the transfer to create a new full Advanced model with your Balance Sheet, supporting P&L and required linked state. Your existing models stay unchanged.
Your model stays with you
Your model data is stored locally in your browser, not on our servers.
Your draft survives reloads and language changes. Only the confirmed transfer creates a new model in the library; existing models are not overwritten.
Start immediately, without a demo call. BalanceCheat is actively developed.