How to Make a Finance Statement in Microsoft Word?
Financial statements are written reports that contain the activities and financial execution of a particular business or company. To guarantee the accuracy of the said document, and for the finance, tax, or investment purposes, they are usually audited by accountants, government agencies, firms, and the like. Moreover, they are also commonly used by investors, creditors, and market analysts to examine a business establishment's well-being and potential earnings. That said, it is imperative to create a financial statement that is spot-on and professional. Hence, we present you with some techniques and guidelines in making a flawless finance statement in Microsoft Word.
1. Discuss Thoroughly
It is impossible to make a business running with only one person working for it. Thus, gather your teammates in order to recall and discuss the recent activities that involve your company's money. This should not be a hard thing to do since it is already expected that you have a budget before the exhibition of each event. Create a comprehensible list afterward.
2. Work on the Format
First, select a template that is most likely to be helpful and convenient for you to use. Then, determine the size. There is a wide variety of sizes to choose from, all you have to do is to pick —may it be in A4 or US letter sizes. There is no need to select an orientation because financial statements are commonly in portrait orientation.
3. Put the Details
Financial statements should contain a balance sheet, income statement, and cash flow statement. The balance sheet presents an outline or summary of the assets, liabilities, and equity of stockholders. On the other hand, the income statement focuses on the revenues and expenditures of a company during a certain period. When the costs are taken from the profits, the statement generates a business's revenue figure that is known as net income. The cash flow statement contains the measurement of the company's ability to produce cash to fulfill debt responsibilities, supply operating expenditures, and finance investments. That said, the content of your financial statement should be accurate and precise. Also, you have to exert effort and attention on your work to achieve the best result.
In essential documents like this one, proofreading is vital. It is beneficial for you because you will have time to polish your work to ensure its clarity and accuracy. No matter what type of craft you are creating, you have to make sure that all of them show professionalism, neatness, and excellence because they are concrete representations of your overall business process and brand identity.
5. Save then Print
Save your document into its corresponding file format, Microsoft Word .docx. Afterward, print it carefully using neat and good quality paper. The printing material to be used does not have to be the same as those that used for business cards; any plain paper will do. However, ensure that the kind of paper you will use is in premium-quality so that you will come up with the best results.