Australian Balance Sheet Template
A free Australian balance sheet template aligned to the AASB standards, with a live check that total assets equal liabilities plus equity.
- Accounting standard
- AASB (Australian Accounting Standards)
- Financial year
- Financial year commonly 1 July – 30 June (some entities use a different balance date)
- Currency
- AUD (A$)
- Filed with
- ASIC (Form 388)
| 2026 | 2025 | |
|---|---|---|
| Current assets | A$275,000 | A$275,000 |
| Cash and cash equivalents | A$90,000 | A$90,000 |
| Trade and other receivables | A$110,000 | A$110,000 |
| Inventories | A$75,000 | A$75,000 |
| Non-current assets | A$395,000 | A$395,000 |
| Property, plant and equipment | A$340,000 | A$340,000 |
| Intangible assets | A$55,000 | A$55,000 |
| Total assets | A$670,000 | A$670,000 |
| Current liabilities | A$130,000 | A$130,000 |
| Trade and other payables | A$85,000 | A$85,000 |
| Current tax liabilities | A$20,000 | A$20,000 |
| Provisions (employee entitlements) | A$25,000 | A$25,000 |
| Non-current liabilities | A$130,000 | A$130,000 |
| Borrowings | A$130,000 | A$130,000 |
| Equity | A$410,000 | A$410,000 |
| Contributed equity (share capital) | A$100,000 | A$100,000 |
| Retained earnings | A$310,000 | A$310,000 |
| Total liabilities and equity | A$670,000 | A$670,000 |
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How to Fill In a Balance Sheet Template
A balance sheet — the AASB statement of financial position — is a snapshot of what a business owns, owes and is worth as at a specific date, rather than a summary of activity over a period. It is the statement banks scrutinise most closely when assessing lending, because it shows the underlying financial strength behind the profit and loss result.
This template lists assets, liabilities and equity in the standard AASB vertical format, with a live balancing check confirming that total assets equal total liabilities plus equity — the fundamental identity every balance sheet must satisfy.
What is a balance sheet?
A balance sheet (statement of financial position) reports a business’s assets, liabilities and equity as at a single date, structured so that total assets always equal total liabilities plus equity, reflecting the accounting equation that underpins double-entry bookkeeping.
What to include
- Cash and cash equivalents — bank balances and short-term deposits available on demand.
- Trade and other receivables — amounts owed to the business by customers and others.
- Inventories — goods held for sale or materials held for production.
- Property, plant and equipment — land, buildings, equipment and vehicles used in the business.
- Intangible assets — non-physical assets such as goodwill, licences or capitalised software.
- Total assets — the sum of current and non-current assets.
- Trade and other payables — amounts the business owes to suppliers and others.
- Current tax liabilities — income tax owed and due within the next twelve months.
- Provisions (employee entitlements) — amounts set aside for obligations such as annual leave and long service leave.
- Borrowings — non-current loans and other interest-bearing liabilities.
- Contributed equity (share capital) — capital contributed by shareholders in exchange for shares.
- Retained earnings — accumulated profits not distributed to shareholders.
- Total liabilities and equity — the sum of current liabilities, non-current liabilities and equity, which must equal total assets.
Step-by-step guide
- List current assets — cash and cash equivalents, trade and other receivables, and inventories — to build up the current assets subtotal.
- List non-current assets — property, plant and equipment, and intangible assets — to build up the non-current assets subtotal, then check total assets calculates correctly.
- List current liabilities — trade and other payables, current tax liabilities and provisions for employee entitlements such as annual leave.
- List non-current liabilities, principally borrowings such as bank loans repayable beyond twelve months.
- Enter equity — contributed equity (share capital) and retained earnings — remembering that retained earnings should match the profit-for-the-year figure carried from your profit and loss statement plus prior retained profits.
- Check that total assets equals total liabilities and equity using the built-in balancing check; if it does not balance, recheck each input line for transposed or missing figures.
- Compare the current period against the prior period column to spot significant movements in working capital, borrowings or equity.
- Retain supporting schedules (e.g. a fixed asset register, receivables ageing and a loan schedule) behind the balance sheet for audit or ASIC purposes.
Australia-specific rules
Under the AASB standards, the statement of financial position is generally presented with a current/non-current split for assets and liabilities, as reflected in this template, and prepared under Tier 1 (full disclosure) or Tier 2 (Simplified Disclosures) depending on the entity’s size and public accountability.
Public companies and larger proprietary companies must prepare a balance sheet consistent with the AASB standards as part of their financial statements lodged with ASIC on Form 388, while small proprietary companies are generally exempt from lodgement unless directed otherwise; most entities align the statement to a balance date of 30 June.