A comparative balance sheet keeps records of the assets, liabilities, shareholders of an entity. A balance sheet can represent the financial statement at the end of the year. It keeps the record of business finances of past three years. It can also represent the balance sheet at the end of each month which holds the records of the finances of last 12 months. In other words, we can say that the main purpose of the comparative balance sheet is to represent the financial condition of the company over the time to the customer. This is very useful in order to develop the trend line analyses.
The comparative balance sheet is not required to be held by the private companies or by the nonprofit organizations but it is needed by the SEC for the reports which are generated by public companies in various circumstances.
EXCEL WORKSHEET & TEMPLATES
The comparative balance sheet template is very useful for the businesses, organizations, and companies. It is ready to use a form of template. The company is just needed to change the name of it and some other records. It can be integrated easily in any company. It is very commonly used these days.
The main purpose of using this comparative balance sheet is to reveal the number of assets which the companies have gained in the previous year. It also tells about the assets of the companies where it has made a big investment.
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COMPARATIVE BALANCE SHEET TEMPLATE
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