Build a traditional Indian-format balance sheet (Vaivasthavittan) in the Schedule III vertical style your CA, banker and GST officer expect — enter equity, liabilities and assets and the tool proves that both sides are equal.
The format decides the vertical order of the heads and the reporting columns.
The Schedule III vertical presentation: Equity and Liabilities on the left, Assets on the right, each group closed with a ruled sub-total.
Heads shown: Share capital, reserves, non-current and current liabilities, property plant and equipment, current assets
Firm Details
Period, Basis & Units
The unit multiplies every figure printed in the statement — pick Lakhs for a mid-size firm and Crores for a company.
What the owners have brought in and what the business has earned and kept.
Profit for the period is never shown as a separate head — carry it into Reserves and Surplus, otherwise the statement will not balance.
Long-term money — anything repayable after twelve months goes here.
Payable within twelve months — this is what your current ratio is measured against.
Fixed and long-term assets, shown at book value after depreciation.
Money, stock and receivables that convert into cash within a year.
Both sides are equal.
Each line you type becomes a numbered note under the statement.
PAN: — · GSTIN: —
as at —
Financial Year: —
Figures in: —
Basis: — · —
| Equity and Liabilities | |
|---|---|
| Particulars | Amount (₹) |
| Assets | |
|---|---|
| Particulars | Amount (₹) |
| Balance Check | Amount (₹) |
|---|
The Companies (Accounting Standards) Rules and Schedule III of the Companies Act, 2013 decide the vertical format for a company. A proprietorship or partnership firm has no such prescription, so Indian practice follows the same Schedule III skeleton — pick the variant that matches what your bank, buyer or tax department expects to see.
| Entity | Statement Expected | Pick This Format | Must Show |
|---|---|---|---|
| Proprietorship Sole trader / HUF |
Statement of financial position drawn by the CA for a bank loan or GST scrutiny | Traditional or Condensed | Owner’s capital Both sides equal |
| Partnership Firm Registered or unregistered |
Balance sheet drawn on the basis of the Indian Partnership Act, 1932 | Traditional, with partners’ capital and current accounts in reserves | Partners’ capital Firm’s P&L in reserves |
| LLP Limited Liability Partnership |
Statement of financial position under the LLP Rules, 2009 | SNC or Horizontal | Contribution of partners Profit for the year |
| Private Limited Company Unlisted company |
Schedule III vertical balance sheet audited by a statutory auditor | Traditional (Schedule III), or Project-wise for project finance | Share capital Reserves & surplus Notes to accounts |
| Multi-project / NEP Agri, infra, real estate |
Balance sheet plus a project-wise asset and fund statement for lending banks | Project-wise / Fund Balance Sheet | Project allocation table Loan sanction heads |
Choose Traditional, Horizontal, SNC, Condensed or Project-wise. The heads regroup, the preview switches layout and the PDF orientation follows the format.
Type closing stock, sundry debtors, bank and cash balance, fixed assets at net book value and investments. Keep the trial balance open beside you.
Add capital, move the profit for the period into reserves, then list payables, bank overdraft, loans and provisions under current and non-current liabilities.
Let the balance check turn green, then download the landscape A4 PDF with the notes, the stated balance and the Prepared By / Checked By sign-off.
A balance sheet (Vaivasthavittan) is a statement of financial position that shows what a business owns on one side and where that money came from on the other, as at a single date — normally the last day of the financial year, the last day of a quarter, or simply the date of a bank loan application. The left-hand side is Equity and Liabilities: share capital or the owner’s capital, reserves and surplus, long-term borrowings, trade payables and other current liabilities. The right-hand side is Assets: property, plant and equipment at net book value, investments, inventories, trade receivables and cash. Every rupee of assets has been financed by one of those sources, which is why the two totals must be identical — this accounting identity is the foundation of double-entry bookkeeping.
For Indian businesses the presentation is not a free choice. A company must follow the vertical format of Schedule III of the Companies Act, 2013 read with the Indian Accounting Standards, which is exactly the two-column layout this tool draws: equity and liabilities on the left, assets on the right, with fixed heads in a prescribed order. A proprietorship or partnership firm has no statutory format, but banks, buyers and the GST officer are used to the same skeleton, so a condensed statement with only the legally useful heads works just as well for a small shop. Two practical points follow. First, under the accrual system the profit for the period is never a separate head — it is carried to Reserves and Surplus on the equity side, and any business filing GST returns must tie the turnover declared in GSTR-1 and GSTR-3B back to the revenue and closing stock in these books. Second, a balance sheet is a comparison, not a snapshot: lenders almost always ask for the previous year’s figures beside the current ones, which is why the horizontal variant prints a change-percentage column. Unclaimed input tax credit sitting in the GST ledger, tax deducted at source and payable to the government, and drawings that should have reduced capital are the lines most often left out of hand-made balance sheets — and each omission is exactly what the balance check on this page catches.
Every business document has its own legal shape. Build the rest of your paperwork with the same free, instant-PDF approach.
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