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Balance sheet generator
Set out what your business owns and owes on one date, and check that assets equal liabilities plus equity. If they do not, you see the difference. Import the profit from the income statement generator, then download a PDF or Excel file. Free, no sign-up, nothing uploaded.
Business and date
Non-current assets
Kept for more than a year: equipment, vehicles, furniture, buildings, software. Enter book value after depreciation.
Total non-current assets₦0.00
Current assets
Stock, money customers owe you, prepayments, cash and bank.
Total current assets₦0.00
Current liabilities
Owed within 12 months: supplier balances, accruals, overdraft, tax due.
Total current liabilities₦0.00
Non-current liabilities
Debts due after 12 months, such as the long-term part of a loan.
Total non-current liabilities₦0.00
Equity
Share capital or the owner’s capital, and profits kept from earlier years (less drawings).
Equity before this period’s profit₦0.00
Profit for the period
Added to equity. Build one with the income statement generator in this browser to import it, or type it in.
Your balance sheet
Date not set · NGN
Enter your figures to check that the balance sheet balances.
| This date | |
|---|---|
| Non-current assets | |
| Property, plant and equipment | ₦0.00 |
| Motor vehicles | ₦0.00 |
| Total non-current assets | ₦0.00 |
| Current assets | |
| Inventory (stock) | ₦0.00 |
| Trade receivables (customers owe you) | ₦0.00 |
| Prepayments | ₦0.00 |
| Cash and bank | ₦0.00 |
| Total current assets | ₦0.00 |
| Total assets | ₦0.00 |
| Current liabilities | |
| Trade payables (you owe suppliers) | ₦0.00 |
| Accruals | ₦0.00 |
| Overdraft and short-term loans | ₦0.00 |
| Tax payable | ₦0.00 |
| Total current liabilities | ₦0.00 |
| Non-current liabilities | |
| Long-term loans | ₦0.00 |
| Total non-current liabilities | ₦0.00 |
| Total liabilities | ₦0.00 |
| Net assets | ₦0.00 |
| Equity | |
| Share capital or owner’s capital | ₦0.00 |
| Retained earnings brought forward | ₦0.00 |
| Total equity | ₦0.00 |
| Total liabilities and equity | ₦0.00 |
Saved in this browser only. Nothing is sent to ereQa. The business health checker on this device can read these figures.
A balance sheet, or statement of financial position, is a snapshot of what a business owns and owes on one date, and what is left for the owners. This generator lays it out in the usual order (non-current assets, current assets, current liabilities, non-current liabilities and equity) and checks that assets equal liabilities plus equity. If they do not, it shows the difference so you can find the missing figure. Download it as a PDF or an Excel workbook.
How to use the balance sheet generator
- Enter the business name, the balance sheet date and the currency. Tick the comparative column to show the previous year-end beside it.
- Non-current assets: things you keep for more than a year, such as machines, vehicles, furniture and buildings, at their value after depreciation.
- Current assets: stock, money customers owe you, prepayments and cash at the bank or in hand.
- Current liabilities: what you owe within a year, such as supplier bills, accruals, an overdraft and tax due. Non-current liabilities are debts due after a year.
- Equity: share capital (or the owner’s capital) and profits kept in the business from earlier years.
- Add the profit for the period. If you used the income statement generator in this browser, press “Import from my income statement”; you can still edit the figure.
- Check the balance message, then download the PDF or Excel file.
Why a balance sheet must balance
Every naira a business holds came from somewhere: from lenders and suppliers (liabilities) or from the owners, including profits they have left in the business (equity). So total assets always equal total liabilities plus equity. When a balance sheet you have drawn up does not balance, a figure is missing or in the wrong place.
- Assets higher than liabilities plus equity: often the profit for the period has not been added to equity, or a loan or supplier balance is missing.
- Liabilities plus equity higher than assets: often a bank balance or a debtor is missing, or a drawing by the owner has not been taken off equity.
- A difference of exactly twice one figure usually means that figure is on the wrong side.
The facts: what the rules say
- Under IAS 1, a complete set of financial statements, presented at least annually, includes a statement of financial position. From annual periods beginning on or after 1 January 2027, IFRS 18 replaces IAS 1.
- Your fixed assets matter for tax in Nigeria. Section 201 of the Nigeria Tax Act, 2025 (gazetted text) defines a small company as one with gross turnover of ₦100,000,000 or less a year and total fixed assets not exceeding ₦250,000,000, and section 56 taxes a small company at 0%. That definition does not say whether fixed assets are measured at cost or at book value; ask your tax adviser how to apply it to your figures.
- Depreciation reduces the value of fixed assets on the balance sheet, but under section 21(g) of the Act it is not deductible for tax; capital allowances are given instead. The depreciation calculator shows both.
Sources, checked 2 November 2026: IFRS Foundation, IAS 1; IFRS Foundation, IFRS 18; Nigeria Tax Act, 2025, Official Gazette No. 117, Vol. 112 (sections 21, 56 and 201).
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Read the guideQuestions
Frequently asked questions
An income statement covers a period and shows revenue, costs and profit. A balance sheet is a snapshot on one date and shows what the business owns, what it owes and the owners’ equity. The profit for the period links the two: it is added to equity.
Keep the figures behind
your balance sheet up to date.
ereQa does not draw up a balance sheet. It keeps the records that feed one: every invoice with what is still owed (grouped by age on the Overdue page), every expense by category, and on the Business plan, supplier bills. Give your accountant read-only access, or export the data as CSV, on every plan including Free.
