You can do different and versatile work with an Excel worksheet. In this article, I will show you how to make a hotel balance sheet format in Excel. It is a very simple way. Hopefully, you will enjoy the whole procedure. I have added the necessary images with the steps of the procedure. Let’s follow the procedure step by step.
Introduction to Hotel Balance Sheet
A balance sheet summarizes the financial situation of an organization. It illustrates the success of a business plan at a particular point in time. This is accomplished by using a balance sheet, which lists a company’s numerous assets, liabilities, and equity in order to assess an organization’s value and determine whether it is making a profit or incurring losses. Similarly, a hotel balance sheet shows all the assets and liabilities together to show whether the hotel is running in profit or loss.
Step-by-Step Procedures to Make Hotel Balance Sheet Format in Excel
Here, I am going to show the steps to create a hotel balance sheet format in Excel. With the steps, I have added the necessary images for your better understanding. I hope this will increase your Excel skills.
Step 1: Add a Heading
This is the first step of this article. In this step, I will add a heading for the balance sheet as well as two sub-headings. Look at the following steps.
- First, select cells B2 to F2 and merge them.
- Select the cell and add the heading.
- Similarly, merge the B3 to F3 and B4 to F4 cells and add the subheadings like the date and Assets.
Read More:Â How to Create Tally Debit Note Format in Excel
Step 2: Input Asset Data
This is the second and most important step of this article. Here I will input the asset data. The first asset is the current asset. Follow the following steps.
- First, write down all the types of assets in the BÂ column.
- Then, input all the data in the FÂ column.
- After that, select the F10Â cell.
- Copy the following formula in the selected cell.
=SUM(F6:F9)
- After pressing enter, you will find the following result.
- Now, enter the fixed asset names in the B12Â cell.
- Then, enter the values in the FÂ column.
- Enter the following formula in the F14Â cell.
=SUM(F12:F13)
- Then press the enter button.
- Enter the following formula in the F15
=F10+F14
- After that, press enter.
- As a result, you will find the total asset in the F15Â cell.
Read More:Â Revised Schedule 3 Balance Sheet Format in Excel with Formula
Step 3: Input Liabilities and Owner’s Equity Data
This is the third step of this article. This portion is as important as the second step of this article. I will input liabilities and owner’s equity data here. Follow the procedure step by step. You can have a look at the images attached with the steps.
- In the B18 cell, input the types of Liabilities.
- After that, input the values in the FÂ column.
- Then, copy the following formula in the F20
=SUM(F18:F19)
- After that press Enter and get the total current liabilities.
- Additionally, input the long-term liabilities in the B22Â cell.
- Select the F24 cell then.
- After that, write down the following formula in the selected cell.
=SUM(F22:F23)
- Then press the enter button and get the result just like the picture given below.
- After that, enter the types of owner’s equity in the B column.
- Then, enter the values in the FÂ column.
- Then, enter the following formula in the F28
=SUM(F26:F27)
- Meanwhile, press Enter and get the result.
- After that, in the F29 cell, enter the following formula.
=F20+F24+F28
Read More:Â Balance Sheet Format in Excel with Formulas
Step 4: Final Result
This is the last step of this article. You will find the final result in this portion of the article. Follow the procedures step-by-step.
- Press the Enter button.
- As a consequence, you will get the final output of a hotel balance sheet, just like the picture given below.
Read More:Â Schedule 6 Balance Sheet Format in Excel
Things to Remember
- You can make other balance sheets by using the same formatting and steps.
Download Practice Workbook
Please download the workbook to practice yourself.
Conclusion
In this article, I have tried to explain how to make a hotel balance sheet format in Excel. I hope you have learned something new from this article. Now, extend your skill by following the steps of these methods. I hope you have enjoyed the whole tutorial. If you have any queries, feel free to ask me in the comment section. Don’t forget to give us your feedback.
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