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Balance Sheet Template
Balance Sheet Template

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Date: March 8th 2023



Acme LLC.

Corporation Corp.

This Contract is between Client (the "Client") and Acme LLC, a California limited liability company (the "Coach").

The Contract is dated January 23, 2023.


1.1 Project. The Client is hiring the Coach to develop a coaching relationship between the Client and Coach in order to cultivate the Client's personal, professional, or business goals and create a plan to achieve those goals through stimulating and creative interactions with the ultimate result of maximizing the Client's personal or professional potential.

1.2 Schedule. The Coach will begin work on February 1, 2023 and will continue until the work is completed. This Contract can be ended by either Client or Coach at any time, pursuant to the terms of Section 4, Term and Termination.

The Coach and Client will meet by video conference, 4 days per month for 2 hours.

1.3 Payment. The Client will pay the Coach an hourly rate of $150. Of this, the Client will pay the Coach $500.00 (USD) before work begins.

1.4 Expenses. The Client will reimburse the Coach's expenses. Expenses do not need to be pre-approved by the Client.

1.5 Invoices. The Coach will invoice the Client in accordance with the milestones in Section 1.3. The Client agrees to pay the amount owed within 15 days of receiving the invoice. Payment after that date will incur a late fee of 1.0% per month on the outstanding amount.

1.6 Support. The Coach will not be available by telephone, or email in between scheduled sessions.


- A coaching relationship is a partnership between two or more individuals or entities, like a teacher-student or coach-athlete relationship. Both the Client and Coach must uphold their obligations for the relationship to be successful.

- The Coach agrees to maintain the ethics and standards of behavior established by the International Coaching Federation (ICF).

- The Client acknowledges and agrees that coaching is a comprehensive process that may explore different areas of the Client's life, including work, finances, health, and relationships.

- The Client is responsible for implementing the insights and techniques learned from the Coach.


3.1 Overview. This section contains important promises between the parties.

3.2 Authority To Sign. Each party promises to the other party that it has the authority to enter into this Contract and to perform all of its obligations under this Contract.

3.3 Coach Has Right To Give Client Work Product. The Coach promises that it owns the work product, that the Coach is able to give the work product to the Client, and that no other party will claim that it owns the work product. If the Coach uses employees or subcontractors, the Coach also promises that these employees and subcontractors have signed contracts with the Coach giving the Coach any rights that the employees or subcontractors have related to the Coach's background IP and work product.

3.4 Coach Will Comply With Laws. The Coach promises that the manner it does this job, its work product, and any background IP it uses comply with applicable U.S. and foreign laws and regulations.

3.5 Work Product Does Not Infringe. The Coach promises that its work product does not and will not infringe on someone else's intellectual property rights, that the Coach has the right to let the Client use the background IP, and that this Contract does not and will not violate any contract that the Coach has entered into or will enter into with someone else.

3.7 Client-Supplied Material Does Not Infringe. If the Client provides the Coach with material to incorporate into the work product, the Client promises that this material does not infringe on someone else's intellectual property rights.


This Contract is ongoing until it expires or the work is completed. Either party may end this Contract for any reason by sending an email or letter to the other party, informing the recipient that the sender is ending the Contract and that the Contract will end in 7 days. The Contract officially ends once that time has passed. The party that is ending the Contract must provide notice by taking the steps explained in Section 9.4. The Coach must immediately stop working as soon as it receives this notice unless the notice says otherwise.

If either party ends this Contract before the Contract automatically ends, the Client will pay the Contractor for the work done up until when the Contract ends. The following sections don't end even after the Contract ends: 3 (Representations); 6 (Confidential Information); 7 (Limitation of Liability); 8 (Indemnity); and 9 (General).


The Client is hiring the Coach as an independent contractor. The following statements accurately reflect their relationship:

- The Coach will use its own equipment, tools, and material to do the work.

- The Client will not control how the job is performed on a day-to-day basis. Rather, the Coach is responsible for determining when, where, and how it will carry out the work.

- The Client will not provide the Coach with any training.

- The Client and the Coach do not have a partnership or employer-employee relationship.

- The Coach cannot enter into contracts, make promises, or act on behalf of the Client.

- The Coach is not entitled to the Client's benefits (e.g., group insurance, retirement benefits, retirement plans, vacation days).

- The Coach is responsible for its own taxes.

- The Client will not withhold social security and Medicare taxes or make payments for disability insurance, unemployment insurance, or workers compensation for the Coach or any of the Coach's employees or subcontractors.


6.1 Overview. This Contract imposes special restrictions on how the Client and the Coach must handle confidential information. These obligations are explained in this section.

6.2 The Client's Confidential Information. While working for the Client, the Coach may come across, or be given, Client information that is confidential. This is information like customer lists, business strategies, research & development notes, statistics about a website, and other information that is private. The Coach promises to treat this information as if it is the Coach's own confidential information. The Coach may use this information to do its job under this Contract, but not for anything else. For example, if the Client lets the Coach use a customer list to send out a newsletter, the Coach cannot use those email addresses for any other purpose. The one exception to this is if the Client gives the Coach written permission to use the information for another purpose, the Coach may use the information for that purpose, as well. When this Contract ends, the Coach must give back or destroy all confidential information, and confirm that it has done so. The Coach promises that it will not share confidential information with a third party, unless the Client gives the Coach written permission first. The Coach must continue to follow these obligations, even after the Contract ends. The Coach's responsibilities only stop if the Coach can show any of the following: (i) that the information was already public when the Coach came across it; (ii) the information became public after the Coach came across it, but not because of anything the Coach did or didn't do; (iii) the Coach already knew the information when the Coach came across it and the Coach didn't have any obligation to keep it secret; (iv) a third party provided the Coach with the information without requiring that the Coach keep it a secret; or (v) the Coach created the information on its own, without using anything belonging to the Client.

6.3 Third-Party Confidential Information. It's possible the Client and the Coach each have access to confidential information that belongs to third parties. The Client and the Coach each promise that it will not share with the other party confidential information that belongs to third parties, unless it is allowed to do so. If the Client or the Coach is allowed to share confidential information with the other party and does so, the sharing party promises to tell the other party in writing of any special restrictions regarding that information.


Neither party is liable for breach-of-contract damages that the breaching party could not reasonably have foreseen when it entered this Contract.


8.1 Overview. This section transfers certain risks between the parties if a third party sues or goes after the Client or the Coach or both. For example, if the Client gets sued for something that the Coach did, then the Coach may promise to come to the Client's defense or to reimburse the Client for any losses.

8.2 Client Indemnity. In this Contract, the Coach agrees to indemnify the Client (and its affiliates and their directors, officers, employees, and agents) from and against all liabilities, losses, damages, and expenses (including reasonable attorneys' fees) related to a third-party claim or proceeding arising out of: (i) the work the Coach has done under this Contract; (ii) a breach by the Coach of its obligations under this Contract; or (iii) a breach by the Coach of the promises it is making in Section 3 (Representations).

8.3 Coach Indemnity. In this Contract, the Client agrees to indemnify the Coach (and its affiliates and their directors, officers, employees, and agents) from and against liabilities, losses, damages, and expenses (including reasonable attorneys' fees) related to a third-party claim or proceeding arising out of a breach by the Client of its obligations under this Contract.


9.1 Assignment​. This Contract applies only to the Client and the Coach. Neither the Client nor the Coach can assign its rights or delegate its obligations under this Contract to a third-party (other than by will or intestate), without first receiving the other's written permission.

9.2 Arbitration. As the exclusive means of initiating adversarial proceedings to resolve any dispute arising under this Contract, a party may demand that the dispute be resolved by arbitration administered by the American Arbitration Association in accordance with its commercial arbitration rules.

9.3 Modification; Waiver. To change anything in this Contract, the Client and the Coach must agree to that change in writing and sign a document showing their contract. Neither party can waive its rights under this Contract or release the other party from its obligations under this Contract, unless the waiving party acknowledges it is doing so in writing and signs a document that says so.

9.4. Noticies.

(a) Over the course of this Contract, one party may need to send a notice to the other party. For the notice to be valid, it must be in writing and delivered in one of the following ways: personal delivery, email, or certified or registered mail (postage prepaid, return receipt requested). The notice must be delivered to the party's address listed at the end of this Contract or to another address that the party has provided in writing as an appropriate address to receive notice.

(b) The timing of when a notice is received can be very important. To avoid confusion, a valid notice is considered received as follows: (i) if delivered personally, it is considered received immediately; (ii) if delivered by email, it is considered received upon acknowledgement of receipt; (iii) if delivered by registered or certified mail (postage prepaid, return receipt requested), it is considered received upon receipt as indicated by the date on the signed receipt. If a party refuses to accept notice or if notice cannot be delivered because of a change in address for which no notice was given, then it is considered received when the notice is rejected or unable to be delivered. If the notice is received after 5:00pm on a business day at the location specified in the address for that party, or on a day that is not a business day, then the notice is considered received at 9:00am on the next business day.

9.5 Severability. This section deals with what happens if a portion of the Contract is found to be unenforceable. If that's the case, the unenforceable portion will be changed to the minimum extent necessary to make it enforceable, unless that change is not permitted by law, in which case the portion will be disregarded. If any portion of the Contract is changed or disregarded because it is unenforceable, the rest of the Contract is still enforceable.

9.6 Signatures. The Client and the Coach must sign this document using Bonsai's e-signing system. These electronic signatures count as originals for all purposes.

9.7 Governing Law. The validity, interpretation, construction and performance of this document shall be governed by the laws of the United States of America.

9.8 Entire Contract. This Contract represents the parties' final and complete understanding of this job and the subject matter discussed in this Contract. This Contract supersedes all other contracts (both written and oral) between the parties.



Acme LLC.

Corporation Corp.
Table of contents

A good news for the businessman is they can take control of their business finances with free balance sheet templates available in Excel formats. The great thing is these templates offer a simple way to stay on top of your financial management. 

Interestingly, utilizing this template, a user can track their company's financial position and net worth like a piece of cake!  

What’s notable is these completed balance sheets form an essential part of your business plan, aiding you in financial planning.

Introduction to balance sheet templates

It's widely recognized that these templates are an essential tool for financial planning and management. Inevitably, the best thing about this template is it provides a methodical way of representing a company's financial position.

It is evident that this information reflects the company's net worth that provides insights about its financial health. Consequently, it also provides insights about its capability to meet its financial obligations.

Plus, these templates can be used in any business plan and can be created in different formats like Excel templates. One thing is for sure: Completed balance sheets are crucial financial statements for any company.

Understanding the importance of balance sheets

It goes without saying that balance sheets are crucial financial statements that do the following things for a business:- 

  • Outline assets
  • Liabilities
  • Equity 

Mostly they are a significant part of a business plan serving as an indicator of a firm's financial position. The cool thing is the formula of balance sheets in Excel templates assists in efficient financial management.

It is safe to say that business finances can be thoroughly analyzed through completed balance sheets.

Why use a balance sheet template?

The noticeable thing about using this template is it allows businesses to keep track of their financial health by recording and comparing financial statements over different periods. 

Generally, Excel templates are especially useful as they come with a pre-programmed balance sheet formula .What’s remarkable is it makes it easier to calculate as well as monitor financial obligations. 

It is beneficial to understand that the completed balance sheets can serve as an important component of a well-crafted business plan. It’s fascinating how this guides effective management of financial matters!

How to access templates for specific needs and industry

Bonsai offers comprehensive solutions that bring together every aspect of your projects under one intuitive platform.

It offers a diverse range of project management templates tailored to meet the specific needs of various industries. Accessing these templates is straightforward and can significantly enhance your project management process. Whether you're in software development, marketing, healthcare, or any other field, Bonsai has a template that can be customized to fit your project's requirements.

Link to Task Management

Bonsai's templates are not just static documents; they are interactive tools that can be adapted as your project evolves. You can modify the templates to match your project's stages, from initiation to completion, ensuring a smooth workflow and clear communication among team members.

Exploring different formats of balance sheet templates

Interestingly, when it comes to keeping track of your business finances, various balance sheet templates can be used. Remember that the most common ones are:-

  • Financial management templates
  • Excel templates
  • Completed balance sheets

What’s astonishing is these are all tailored to indicate the business' financial position. The noticeable thing is  financial statements play an integral part in financial planning and forming a substantial business plan.

Excel balance sheet templates

Undoubtedly, Balance Sheet Templates of Excel are crucial for effective financial management. It is essential to understand that this helps in understanding the business's overall financial position. 

What’s fascinating is they are designed to cater to the needs of a business plan and meet financial obligations. 

It is relevant to mention that these Excel templates also enhance financial health by incorporating the balance sheet formula to accurately compute figures. 

It’s astounding how a completed balance sheet provides a holistic view of business finances! 

Google sheets balance sheet templates

One thing is for certain: Google Sheets offers excellent templates to manage your business finances. It comes as no surprise that they allow individuals and businesses to calculate their net worth, which is crucial for financial planning. 

Typically, the templates include pre-filled forms and completed balance sheets to guide you through the balance sheet formula process. It is noteworthy that they help in understanding your financial obligations too. 

What’s worth mentioning is these are great tools, especially when formulating a business plan. 

PDF balance sheet templates

Inevitably, you can manage your business finances effectively with balance sheet templates in PDF format. It is significant to highlight that they help in comprehensive financial planning. 

These Excel templates make the process of calculating net worth as easy as pie! 

Additionally, completed balance sheets serve as a practical financial management template that incorporates this sheet formula for ease of financial statement generation.

Word document balance sheet templates

The beneficial thing about this sheet is it is a valuable tool in understanding a company's financial health. 

It is imperative to note that having a reliable Word document balance sheet template can assist in efficient financial planning along with serving as a vital part of a comprehensive business plan. 

What’s more is that such a template simplifies the process of drafting financial statements. For organizations, this makes keeping track of their financial obligations like a walk in the park! 

It comes as no surprise that these templates often come in different formats, including Excel templates. These are commonly used for more complex business finances. 

The best thing about these sheets is they provide essential insight into a company's overall financial position. 

Top free balance sheet templates available online

What’s notable is several online sources offer free balance sheet templates to assist you in understanding your business finances. It's beyond dispute that they provide an effective way to lay out your equity and net worth. 

The great thing is by using these templates, users can prepare financial statements too.

Bonsai 500+ templates that suits your needs

Bonsai's extensive library of over 500 templates is a treasure trove for any professional looking to streamline their project management process. These templates cater to a wide array of needs and industries, ensuring that there's something for everyone, regardless of the project's complexity or the industry's specificity.

Link to Project Management

The templates range from project proposals and contracts to invoices and time tracking sheets. Each template is meticulously designed to be intuitive and user-friendly, allowing for quick customization to fit the unique requirements of your project. Whether you're a freelancer needing a detailed contract template or a marketing agency looking for a comprehensive campaign planner, Bonsai has got you covered.

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Vertex42's Excel balance sheet template

It's a well-documented fact that Vertex42's Excel Balance Sheet Template is a required tool designed to organize your business finances. 

Certainly, this financial management template also helps in comprehensive financial planning by showing equity and financial obligations. 

One amazing thing is with this Excel template, creating completed balance sheets becomes hassle-free. It is important to emphasize that it not only simplifies the complex balance sheet formula but also serves as a critical component of a business plan.

Smartsheet's Google Sheets balance sheet template

Significantly, Smartsheet's Template of Google Sheets Balance Sheet  is an invaluable tool in discerning a company's financial position. It's important to observe that this allows in-depth understanding of the business plan.

It is relevant to mention that the financial management template in Google Sheets simplifies the recording and checking of financial obligations while enhancing a company’s financial health. The cool thing about the balance sheet formula is it is embedded in the template and eases the process of managing business finances. 

It is widely acknowledged that this Excel template provides both guidance and examples of completed balance sheets. What’s amazing is this promotes efficiency and accuracy, making financial management a breeze for any business.'s PDF balance sheet template

It's proven that the PDF Balance Sheet Template from is an essential tool for financial planning. 

Inarguably, this template plays a key role in providing an overall picture of a business's financial health by showing its financial position. Surprisingly, not just a business plan footnote, it can also be an immensely practical tool to track financial obligations! 

It is essential to acknowledge that the balance sheet formula used offers a detailed insight into business finances that makes it a lot easier to interpret completed balance sheets. 

The great thing about the PDF Balance sheet is it deviates from traditional Excel templates. What’s worth noticing is that it provides more flexibility and clarity for users.

Microsoft Office's Word balance sheet template

It is significant to highlight that Microsoft Office's Word provides a sophisticated Balance Sheet Template that can assist you in tracking and assessing your financial position. 

Particularly, this template is an innovation in financial management. The noticeable thing is it simplifies the balance sheet formula together with business finances consolidation.

Key features of this template include:

  • Facilitating the creation of detailed financial statements
  • Visualization of your net worth through completed balance sheets

As a part of the business plan, the template has been proven indispensable. It’s astounding how it contributes significantly to your organization's financial health!

How to choose the right balance sheet template for your agency

Note that choosing the right balance sheet template for your agency begins with identifying what you need to track. 

Don’t forget that if you intend to ascertain your financial position, you might need a detailed template that includes:- 

  • The formula of balance sheet
  • Business finances
  • Completed balance sheets

It is crucial to highlight that for agencies looking to include their balance sheet as part of a business plan– an advanced template that reflects financial obligations and net worth will be most suitable. 

Consider your agency's specific needs

It is well known that assessing your agency's financial health requires a comprehensive understanding of your business finances. 

It is evident that to streamline this process, you may consider utilizing Excel templates or a financial management template. 

Certainly, both of these can provide accessible snapshot views of your agency's economic status. What’s interesting is this is particularly useful when crafting a business plan. 

One thing is for sure: a well-calculated balance sheet formula will provide a completed balance sheet. It’s just fascinating how crucial this step is toward effective financial planning for your agency!

Evaluate the complexity of the template

It is apparent that the complexity of a financial management template depends on various aspects. Primarily, it concerns: 

It is a worrying thing that the balance sheet formula can be challenging to navigate without a robust financial background. 

It's a matter of fact that Excel templates might simplify this process, but it still requires a firm grasp of business finances and financial planning. 

What's worth mentioning is that comprehending these facets all contribute to managing companies' financial obligations.

Check for customizability and flexibility

It is commonly accepted that Excel templates offer immense customizability and flexibility in terms of managing business finances. Impressively, these templates can be tailored to individual needs, which allows for streamlined financial management templates. 

It is noteworthy that this customization potential proves itself essential in preparing financial statements together with computing net worth. The amazing thing about this flexibility is it extends from shaping a concrete business plan to fulfilling financial obligations. 

Enhanced by the balance sheet formula, the astounding thing about these completed balance sheets is they serve as a powerful tool in financial planning, and, in the process, paint a clear picture of the company's overall financial position.

How to use balance sheet templates effectively

It is beyond dispute that to effectively use balance sheet templates, firstly familiarize yourself with critical elements such as:-

  1. Liabilities
  2. Equity

What’s obvious is these will help in understanding your business's financial position and net worth. 

It is widely recognized that selecting a reliable template of financial management for easy calculations and manipulations is essential. Usually, they have a preset balance sheet formula that helps you track your financial health seamlessly. 

One thing is certain: Ensuring the completed balance sheets contributes to precise financial planning as well as an understanding of your financial obligations.

Entering data correctly

It is obvious that successful financial management starts with entering accurate data into crucial financial statements like balance sheets. The crucial thing to mention is these act as a summary of a business's financial position. 

There is no doubt that the correct balance sheet formula, entered into Excel templates or a financial management template, determines a business's financial health and plans for financial obligations. 

It comes as no surprise that undertaking thorough financial planning ensures the right values are included in completed balance sheets. Obviously, this information forms a major part of the business plan.

It's an undeniable truth that avoiding errors while inputting data and regularly updating numbers maintains the accuracy of financial statements. What’s amazing is these key documents provide the insights necessary for business prosperity and growth!

Interpreting the results

It is indisputable that the utilization of a template of financial management or Excel templates can be a boon in managing business finances and financial obligations. What’s worth mentioning is a careful evaluation of the completed balance sheets provides insight into the company's financial health.

Bonsai's project health tools offer vital insights into a project's status. By interpreting key performance indicators (KPIs), Bonsai helps managers gauge project success against objectives, timelines, and budget. This analysis enables real-time adjustments, ensuring projects stay on track and within financial targets, fostering a healthy project lifecycle.

Link to Project Health Report

It is essential to acknowledge that a well-structured financial plan derived from the interpretation of these financial statements plays a key role in shaping the business plan. Most importantly, understanding these elements defines the overall company's financial position and guides future financial planning.

Conclusion: Streamlining financial management with balance sheet templates

It is evident that streamlining your financial management process can be achieved with the aid of balance sheet templates. The amazing thing about the usage of Excel templates is they offer an organized overview of your business finances. 

One thing is proven: A well-structured business plan maximizes your understanding of financial obligations and assesses financial health effectively. What’s obvious is balance sheets are pivotal tools in financial planning because they reflect the true financial statement of your business.

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Balance Sheet Template

First Name
Last Name
Acme LLC.
First Name
Last Name
Corporation Corp.
First Name
Last Name
Acme LLC.
First Name
Last Name
Corporation Corp.