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Financial Statement-ShortSale
Understanding about financial statements
A financial statement is a summary report which depicts how the organization has used the finances entrusted to it. It explains the current financial position. Three basic statements are Income statement, cash flow statement and the balance sheet. They are also called as business financials.
Types of statements
Main types of financial statements are listed below:
- Balance sheet: This represents the organization’s financial position at particular date. It consists of following 3 elements:
Equity – Equity is what the company owes to its shareholders or owners. This is the amount which remains with the business after it has used up all its assets to pay off the liabilities. Hence, equity is Assets – Liabilities.
Assets- Assets are something which the business controls or owns.
Liabilities- Liabilities are something which the organization owes to others like creditors, bankers, etc.
- Income statement: This is also known as statement of profit and loss. It reports the organization’s performance with respect to net loss or profit over a specific period of time. It includes 2 elements:
Income- It is what the company has earned during the particular period like dividend income, sales revenue, etc.
Expense- It is the cost incurred over a period by the business like wages, depreciation, etc.
- Cash flow statement: It represents the cash movement and bank balances. It also has 2 segments- Operating activities (cash flow the main or primary activities of the business) or investing activities ( cash flow sale and purchase of assets)
- Statement of retained earnings: It is related to the movement of the owner’s equity during a particular period.
Where to download Financial Statement-ShortSale Template?










Sample Template Preview
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: $___
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