Financial Statement-Assorted Legal Forms

Some info on writing a financial statement

In modern world if you want to live a luxurious life you will have to work too hard. And not just that, you will also have to keep a close eye on your finances. You can hire an accountant for this or can also do it on your own. It will not be too hard for you to browse through the internet and find some details about this. There are several blogs and forums that teach you all about finances. You obviously do not need to understand it in depth. All you need are the basic concepts that can help keep your finances in check.

The first step of managing finances is to create a financial statement. This will be a record of the inflow and outflow of money during entire financial year. It can help you understand your expenses better. If you want luxury in your life, you should either increase your income or reduce your expenses. In order to do either of these things you first need to know that where the money is coming from and where it is going. Doing this is very simple if you have a job and that is the only source of income. Your salary would come directly in your account and you can take it out as you need. Thus, your bank account statement will give you all the details of your finances. However if you run business or have multiple sources of income, you will have to put in more time and effort.

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Sample Template Preview

Financial Statement

Borrower

Name: _________________________
Current Mailing Address:__________
_______________________________
City:_____________________
State:____________________
Zip:______________________

Telephone Day:___________________
Telephone Evening:________________

Social Security Number:____-___-____

# of Dependants:___

Ages of Dependants:___  ___  ___  ___

Are you currently employed? _________

Length of Employment (months): ___

Gross income: $_________

Paycheck deductions:
Medical Insurance: $________

Life Insurance: $________

Retirement: $_______

Profit Sharing: $________

Other Deductions: $________

Explain:______________
____________________

What is your pay cycle?____________

Monthly Net income? _____________

Do you receive a monthly bonus? _____
Amount: $________

Co-Borrower

Name: ___________________________
Current Mailing Address:____________
_________________________________
City:_______________________
State:______________________
Zip:_______________________

Telephone Day:____________________
Telephone Evening:_________________

Social Security Number:____-___-____

# of Dependants:___

Ages of Dependants:___  ___  ___  ___

Are you currently employed? _________

Length of Employment (months): ___

Gross income: $_________

Paycheck deductions:
Medical Insurance: $________

Life Insurance: $________

Retirement: $_______

Profit Sharing: $________

Other Deductions: $________

Explain:______________
____________________

What is your pay cycle?____________

Monthly Net income? _____________

Do you receive a monthly bonus? _____
Amount: $________

Do you receive overtime/commission?__
Amount$______

Is this amount earned:

Are you self employed? ______        If yes, date of last employment    _______

Former Gross monthly Income: $____

Total Severance Package Value:
$________

Monthly Unemployment Pay:
$________

Do you receive Child Support? ___
Total monthly Payments?
$___________
expiration date_________

Do you receive alimony? ___
Total monthly Payments?
$__________
expiration date:________

Other Income:
Source:______

For which year did you last file a tax return?______
Gross Income: $__________
Interest Income $_________
Dividend Income: $_______

If you did not file a tax return last year explain why? _____________________
_________________________________

Total Checking Balance: $___________

Name and address of financial Institution:

Do you receive overtime/commission?__
Amount$______

Is this amount earned:

Are you self employed? ______        If yes, date of last employment    _______

Former Gross monthly Income: $____

Total Severance Package Value:
$________

Monthly Unemployment Pay:
$________

Do you receive Child Support? ___
Total monthly Payments?
$___________
expiration date_________

Do you receive alimony? ___
Total monthly Payments?
$__________
expiration date:________

Other Income:
Source:______

For which year did you last file a tax return?______
Gross Income: $__________
Interest Income $_________
Dividend Income: $_______

If you did not file a tax return last year explain why? _____________________
_________________________________

Total Checking Balance: $___________

Name and address of financial Institution:
Account Number:__________________

Total Savings Balance: $___________

Name and address of financial Institution:

Account Number: __________________

Company Retirement Account:
$_______________

Total 401k/IRA: $____________

Total Investments:
Stocks: $__________
Bonds: $__________
Other Securities: $_______
Other: $_________

Total other assets:
Cash value of Life Insurance?
$___________
Notes Payable to you?
$___________
Personal Property: $ ________
Vehicles: $ ____________
Others: $ ___________

How many properties do you own? ____
For each property (attach a separate sheet for more that one)

Current Value: $_____________
Monthly Rental: $____________
Debt on Property: $___________
Is the debt past due:________
Monthly homeowners dues: $___

Account Number:__________________

Total Savings Balance: $___________

Name and address of financial Institution:

Account Number: __________________

Company Retirement Account:
$_______________

Total 401k/IRA: $____________

Total Investments:
Stocks: $__________
Bonds: $__________
Other Securities: $_______
Other: $_________

Total other assets:
Cash value of Life Insurance?
$___________
Notes Payable to you?
$___________
Personal Property: $ ________
Vehicles: $ ____________
Others: $ ___________

How many properties do you own? ____
For each property (attach a separate sheet for more that one)

Current Value: $_____________
Monthly Rental: $____________
Debt on Property: $___________
Is the debt past due:________
Monthly homeowners dues: $___