Identifying the net worth of your business is as strenuous as assessing your self-worth. And while it may have been a bit easier for us to validate our worthiness as individuals through our achievements, spotting and calculating the net worth of our business is quite a task that needs more time and a lot of resources. With that, we make a thing or two available for you to help you save yourself from too much hassle and stress. We both know the weight of preparing a financial document like a net worth statement from scratch. Provided below are a diverse type of sample statement templates that you can utilize in the process of preparing your net worth statement. Catch a glimpse of these templates as you read the whole article.
10+ Net Worth Statement Templates in Google Docs | Google Sheets | Pages | Numbers | Word | Excel | PDF
1. Financial Statement Analysis Template
Make a detailed financial statement by using and downloading this Financial Statement Analysis Template. With this template, it would be easy for you to record and identify your monthly or yearly expenses and revenues. If you need a copy of this template, you may download and edit it now in Google Docs, MS Word, and Pages.
2. Certification Enclosing Financial Statements Template
Are you looking for a certificate template that encloses a financial statement of your business? Perfect! This Certification Enclosing Financial Statements Template is what you need to get your hands on. In Google Docs, MS Word, and Pages file formats, these templates are fully editable and 100% customizable. So, what are you waiting for? Download it now!
3. Financial Projections 3 Years Template
All businesses should have something to look forward to in a year or three years of business operations. That is why they create, at least, a three-year financial projection. To help you draft such a document, we made this Financial Projections 3 Years Template available in A4 and US print sizes, perfect for commercial as well as personal printing. Download now to start the editing process!
5 Steps to Prepare a Net Worth Statement
Step 1: Apprehending Net Worth
According to Investopedia, a net worth statement is a financial document that reports and defines the value of an entity, whether it is an individual, a corporation, a sector, or even a country. From a business standpoint, net worth is also called a balance sheet. It merely states your personal or business assets minus the liabilities.
Step 2: Making a Checklist of Your Assets
Setting up a personal or business net worth statement is quite easy. The first thing that you have to do is make a checklist of all your assets. An asset example is simply a resource with “economic value” that you or your business owns. It can be your savings, investments, business interests, and other resources that you own. List all of them, including their total estimated value.
Step 3: Making Another Checklist for Your Liabilities
When you’re done listing all your assets, make sure to make another checklist for your liabilities. simple Liabilities are generally something that you owe somebody else. In its most basic term, your liabilities are your “debts.” Businesses considered it as their financial debts or obligations that arise during the company’s operation. Hence, make sure to list all your commitments or liabilities, such as credit card balances and loans.
Step 4: Classifying Assets & Liabilities
Part of preparing a net worth statement is classifying your assets and liabilities. You can categorize your assets into three: current, intermediate, and long term. But business owners usually put the mid and the long term assets into one, which is now called the “fixed assets.” You may follow the same when dividing all your liabilities.
Step 5: Calculating & Drafting a Net Worth Statement
Whether you are preparing a personal financial statement or a company’s net worth statement, you have to follow a simple and basic formula in determining the value of your ownerships: assets – liabilities = net worth. And if ever you want to see the clear interaction and relationship of the elements, the formula can be stated like this: assets = liabilities + net worth. If you’re already familiar with the process and the terms, you can now quickly draft your net worth statement utilizing any of the templates provided above.
4. Financial Spreadsheet Template
Get to create a detailed and accurate financial statement using our ready-made Financial Spreadsheet Template. The template comes with the preformatted content and a layout that you can modify or use as-is. This template can surely help you break down all your finances, both expenses and revenues example. Don’t just stare at your screen. Download it right now!
5. Financial Statement Template
Make use of this Financial Statement Template to help you draft a well-articulated financial statement for your business. You may want to personalize and edit this template in MS Word and Apple Pages. Don’t just let this rare opportunity slip through your hands. Grab it hard and secure a copy now!
6. Profit and Loss Statement Template
If you want to record and monitor your business’s profits and losses, download this Profit and Loss Statement Template anytime you need it. It comes with an original layout and the content that can be of vital importance to your financial statement-making activity. Make haste! Download this template right there and then.
7. Quarterly Income Statement Template
Make your quarterly income statement as error-free and trouble-free as possible with the help of this Quarterly Income Statement Template. This template can save you from the hassles and the stress of making an income statement from scratch. Never miss out on the chance to draft a financial document as easy as pie. So, download it now!
8. Free Financial Statement Template
Are you on the hunt for a financial statement template that you can download and customize for free? Well, perhaps this Free Financial Statement Template is what you’ve been searching for the whole time. You can have a copy of this template without costing you a coin or two. Just click the download button to start personalizing it according to how it serves its purpose to your business.
9. Free Personal Financial Statement Template
This Free Personal Financial Statement Template can aid you in drafting your income statement and prepare a personal net worth statement. By using Google Docs, Google Sheets, MS Excel, MS Word, Numbers, Pages, and Editable PDF, you can have full control over this template as you modify it the way you want it to look like. So, download it now for free!
10. Free Sample Statement Template
Download our ready-made and print-ready Free Sample Statement Template today to start drafting your statement on your own. This template is easy to edit, so there’s no problem changing the content to more appropriate information. Hurry! Download and modify this template in MS Excel, MS Word, Number, Pages, and Editable PDF anytime, anywhere.
11. Business Financial Statement Template
Draft a profit or expense statement for your business using this Business Financial Statement Template today. It is readily available in a Portable Document Format (PDF). The template can be your guide and your saving grace in writing a financial statement. Need a copy of this file? Download it now!