Have you prepared your Economic Balance Sheet yet? Have you prepared your Economic Balance Sheet yet? An Economic Balance Sheet(B/S) however, is more comprehensive statement depicting the overall financial situation of the individual/entity taking his/her holistic wealth into account. Shreya Banthia / Saturday, September 10, 2022 / Article rating: 5.0 It is an extension of the traditional B/S taking into account human capital and pension wealth on one hand and extending liabilities by including consumption and wealth preservation and transfers goals.