Free Balance Sheet & Profit and Loss Generator Online
Fill in your figures and get a complete Schedule III statement set — Balance Sheet, Statement of Profit and Loss, and every note to accounts, numbered automatically. Built for proprietorship firms, with audited, provisional and estimated modes.
As per our report of even date
For
Chartered Accountant
(FRN: )
Proprietor
Membership No.:
UDIN :
Place:
Date:
Place:
Date:
(Proprietor)
| Particulars | Note No. |
|---|
| Particulars | Note No. |
|---|
Note No.
₹ in rupees| Particulars | ||
|---|---|---|
| Total |
Note No. Owners Capital Account
| Particulars | Amount | Amount (P.Y.) | Particulars | Amount | Amount (P.Y.) |
|---|---|---|---|---|---|
| Total | Total |
| Particulars | ||||||
|---|---|---|---|---|---|---|
| Non-Current | Curr. Maturities | Total | Non-Current | Curr. Maturities | Total | |
| Net Amount | ||||||
Note No. Property,Plant and Equipment and Intangible assets as at
| Particulars | Dep. rate | Opening Balance | Addition | Sales During Year | Total | Depreciation | Closing Balance | |
|---|---|---|---|---|---|---|---|---|
| More Than 180 Days | Less Than 180 days | |||||||
| Total | ||||||||
| Particulars | ||||
|---|---|---|---|---|
| Long-term | Short-term | Long-term | Short-term | |
| Total | ||||
| Inventory at the beginning of the year | ||
| Inventory at the end of the year | ||
| (Increase)/decrease in inventories |
| Depreciation on tangible assets | ||
| Total |
What Is the Schedule III Balance Sheet Format?
Schedule III of the Companies Act, 2013 is the standardised format the Ministry of Corporate Affairs (MCA) prescribes for presenting financial statements in India. It organises a Balance Sheet into clear categories — Shareholders' Funds / Capital, Non-Current Liabilities, Current Liabilities, Non-Current Assets, and Current Assets — with a matching Statement of Profit and Loss and numbered Notes to Accounts that explain each line item in detail.
While Schedule III is a statutory requirement for companies registered under the Companies Act, the same structured, categorised presentation has become the format banks, NBFCs, and auditors commonly expect when a proprietorship or partnership firm applies for a loan, a credit line renewal, or a tender that asks for "audited" or "provisional" financials. A Schedule III-style layout signals that your numbers are organised, classified correctly between current and non-current, and backed by proper notes — which is exactly why lenders ask for it even from non-company entities.
That's the gap this tool fills: a Schedule III-format Balance Sheet and P&L, built specifically for proprietorship firms, without needing a CA to manually format it in Excel every time.
Plus numbered Notes to Accounts explaining every line item above.
Who Needs This Tool?
Proprietorship and sole-proprietor businesses
Applying for a bank loan, overdraft, or credit limit renewal that requires a formatted Balance Sheet and P&L.
CAs and accounting professionals
Preparing provisional or estimated financials for multiple proprietorship clients, especially around bank renewal season.
Small business owners
Who need a professional-looking, correctly classified financial statement for a tender, vendor onboarding, or investor conversation, without maintaining full-time accounting software.
Anyone who currently builds this in Excel
And wants to stop worrying about broken formulas, mismatched totals, or manually renumbering notes every time a line item is added or removed.
Audited vs. Provisional vs. Estimated — Which One Do You Need?
Banks and financial institutions typically ask for one of three types of financial statements, and the terminology matters — submitting the wrong type can delay a loan application.
Audited
Based on your actual, finalised books of accounts for a completed financial year, reviewed and signed off by a Chartered Accountant. This is what's required for annual filings, tax audits, and most formal loan sanctions once the year has closed.
Provisional
Based on actual transactions recorded so far in the current, still-ongoing financial year — for example, figures up to a recent month, used when a bank wants to see how the business is performing before the year has closed. Commonly required for loan applications submitted mid-year.
Estimated
A forward-looking projection for a financial year that hasn't been completed yet — used when a lender wants to see the expected year-end position, often alongside the provisional figures, to assess how the business is trending.
This tool supports all three modes, so you can generate the correct format depending on what the bank or client has actually asked for — rather than manually rebuilding the statement in Excel for each scenario.
This is what you'll actually generate.
Not a mock-up — the same Schedule III layout, note numbering, and CY/PY columns the generator produces.
ABC Enterprises
| Particulars | Note No. | CY (2025-26) | PY (2024-25) |
|---|---|---|---|
| Revenue from operations | Note 12 | ₹42,60,000 | ₹36,80,000 |
| Other income | Note 13 | ₹40,000 | ₹28,000 |
| Purchases of stock-in-trade | Note 14 | ₹18,20,000 | ₹15,90,000 |
| Depreciation & amortisation | Note 7 | ₹1,30,000 | ₹95,000 |
| Profit for the year | ₹2,36,000 | ₹1,84,000 |
ERP Group Generator vs Excel Template vs Fully CA-Prepared
See exactly what you're missing — and what you gain on day one.
| Feature | ERP Group | Excel Template | Fully CA-Prepared |
|---|---|---|---|
| Speed & Cost | |||
| Turnaround | Hours (manual) | ||
| Cost | Free (usually) | ||
| Notes to accounts | Manual renumbering | ||
| Accuracy & Compliance | |||
| Depreciation schedule (WDV) | Manual formula | ||
| Balances automatically | If formulas correct | ||
| Provisional/estimated modes | Separate templates | Separate requests | |
| Privacy & Fit | |||
| Data privacy | Stored on device | Shared with CA | |
| Best fit | Proprietorship firms | One-off, simple | Complex, multi-entity |