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Produce a formal record of your organization's financial results, financial position, and cash flows to determine your business's ability to generate cash and its sources and uses. Choose from our wide variety of Finance Statement templates you can instantly download anytime, anywhere, at any device. These files are 100% customizable, easily editable and printable in Microsoft Excel. Available in A4 and US print sizes. These files all come with suggestive headings and content and can be shared digitally. Download now and create high-quality financial statements that are also used to ensure accuracy and for tax, financing, or investing purposes. Get any of our Finance Statements Templates in Excel today!
According to a business article, finance or financial statement are reported documents that state the business operations and the financial performance of a company. These are often audited by government agencies, accountants, firms, and the like. It is to ensure accuracy and for tax, financing, or investing purposes.
To help you create one, consider the following instructions provided.
In determining your balance sheet you have to follow this formula: Assets=(Liabilities+Owner’s Equity). The balance sheet offers an outline of assets, liabilities, and equity of stockholders at a specific period of time. In creating a balance sheet, note or list everything you own and everything you owe. After that, calculate the difference between these quantities to reveal your net worth. An article suggests, in order to create an organized balance sheet, start by listing your assets. It should contain the cash you have on hand and in the bank, your receivable accounts or amounts owed to you by your clients, the cost of the materials you own, the price of your property or any other resources that contribute real economic value to your company.
After you have listed your assets, it is time to present the liabilities or the amounts you owed. It should contain short-term debt along with the balance of credit card payments and long-term debt like long-term bank loans. Do not forget to include payable accounts or amounts that you owe to your suppliers for unpaid deliveries that you got. An article suggests that in order to find out your credits, all you need to do it tally up all the outstanding balances on your loans and credit cards.
After you have identified your assets and liabilities, it is time to figure out the shareholder's equity. It is the entire assets of a company minus the total liabilities. Shareholders' equity is the amount of capital that will be transferred to shareholders if all the assets had been liquidated and all the company's debt had been paid off. Simply follow this formula (Shareholder's Equity= Assets-Liabilities).
Microsoft Excel is a common application software used by companies and businesses finance or accounting department. A business article states that Excel spreadsheets are used to outline financial results, budgets, forecasts, and plans used to make big business decisions. Microsoft Excel allows users to store data easily, analyze large amounts of data, use different mathematical formula, create visual representations of data, and the like.
To help you save time in lay-outing your financial statement, it would be best to look for sample templates and download one. For added convenience, check the sample templates provided on this website. You can rest assured that you are going to get a good deal.
In order for you to create an accurate tally of your financial statement, do not forget to check every detail from the assets down to the calculations of your liabilities and the shareholder's equity.