How to Fill Out a Personal Financial Statement A personal financial statement is a document or spreadsheet outlining an individual's financial position at a given point in time. Lenders often will request a personal financial statement to support the decision to maintain or extend additional funds on a credit line. Personal financial statements present information regarding the individual's assets, liabilities, sources of income and expenses. Verify you are using the proper personal financial statement form with your lender.
How to Prepare a Personal Finance Statement 6 Steps A personal financial statement will typically include general information about the individual, such as name and address, along with a breakdown of total assets and liabilities. How to Prepare a Personal Finance Statement - Steps Decide what format will work best for you. Create a balance sheet. Create an income statement. Update your personal finance statement regularly. Include a narrative with the numbers. Work with a financial planner or advisor.
How to Prepare a Personal Financial Statement Pocketsense A financial statement can be prepared for either a business or an individual. Prepare Personal Financial Statements Place balance of check book register on the first line of assets schedule. List any money market balances and time deposit accounts furnished by bank statements.