Create your Previous year comparison Balance Sheet Template from scratch

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01. Start with a blank Previous year comparison Balance Sheet Template
Open the blank document in the editor, set the document view, and add extra pages if applicable.
02. Add and configure fillable fields
Use the top toolbar to insert fields like text and signature boxes, radio buttons, checkboxes, and more. Assign users to fields.
03. Distribute your form
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Step 1: Access DocHub to build your Previous year comparison Balance Sheet Template.

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Step 2: Go to the dashboard.

Once logged in, head to the DocHub dashboard. This is where you'll create your forms and manage your document workflow.

Step 3: Create the Previous year comparison Balance Sheet Template.

Hit New Document and select Create Blank Document to be redirected to the form builder.

Step 4: Set up the form layout.

Use the DocHub features to insert and arrange form fields like text areas, signature boxes, images, and others to your form.

Step 5: Insert text and titles.

Add needed text, such as questions or instructions, using the text tool to lead the users in your document.

Step 6: Customize field settings.

Adjust the properties of each field, such as making them required or arranging them according to the data you plan to collect. Assign recipients if applicable.

Step 7: Review and save.

After you’ve managed to design the Previous year comparison Balance Sheet Template, make a final review of your form. Then, save the form within DocHub, transfer it to your chosen location, or distribute it via a link or email.

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To calculate a comparative balance sheet, follow these steps: Select two periods for comparison. Gather balance sheet data for both periods. Calculate changes in each item. Present data in a comparative format.
The Excel Balance Sheet Template easily integrates with Microsoft Office Suite, enabling you to import/export data effortlessly and collaborate with colleagues using familiar tools. You can also use Excels advanced analysis features, such as pivot tables and charts, to gain deeper insights into your financial data.
A comparative balance sheet is one of the many financial statements. It displays a companys financial position at two or more distinct points, typically from one accounting period to another. It provides a one-on-one comparison of the companys assets, liabilities, and shareholders equity.
Balance Sheet Report On the Balance Sheet Comparison Report, select Customize. Choose Custom in the Report period dropdown button. Edit the month you want to compare with its prior month. In the Select and reorder columns, check the Previous period (PP) box and uncheck the Previous year (PY) box. Click Run report.
Create a table with two columns for each period, one for the current year and one for the previous year. List all the assets from the balance sheets in the respective columns. Include current assets (e.g., cash, accounts receivable, inventory) and non-current assets (e.g., property, plant, equipment).
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Related Q&A to Previous year comparison Balance Sheet Template

How to prepare comparative balance sheet? Collect Statements: Gather balance sheets for the periods to compare. List Assets: Create columns for assets for each period. List Liabilities Equity: Add columns for liabilities and equity. Calculate Changes: Compute changes in each item from period to period.
How to make comparing balance sheets Choose your reporting dates. Record the assets for each reporting date. Record the liabilities for each reporting date. Record the shareholders equity for each reporting date. Balance your sums.
How to make a balance sheet Invest in accounting software. Create a heading. Use the basic accounting equation to separate each section. Include all of your assets. Create a section for liabilities. Create a section for owners equity. Add total liabilities to total owners equity.

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