Financial statement is a written report or a statement which quantitatively defines the financial flow of a company or an entity. Financial statement has three basic components, Income statement, balance sheet and cash flow statement. Each of them has its own importance. Financial statement is a very important tool, which visualize the actual record of all monetary activities of a company over a fiscal year. Every company must prepare a statement at the end of each accounting year to keep in view the business’s overall financial performance. For this purpose, financial statement template would be helpful to you to keep record of your business deals.
Financial statement template may be semi annually or annually but most of the companies make annual financial statements. Once the statement is completed it becomes easy to explain the current financial position of a company within a short span of time. Companies use financial statement to determine yearly profit or loss, whereas, Investors make such statement when they issue a statement mentioning capital amount they are putting in into a company. There are also various uses of financial statement, whether you are running a small business or a company. You need to make your own statement to keep in view your profit or loss, the current situation of company, after recognizing you can proceed further.
While customizing your statement, write your company’s name in the heading section, then add the other particulars according the statement you are generating. Like, if you are making balance sheet, you will add up all assets in one column, liabilities and owner’s equity in the other column. While it is noticeable that you should keep accuracy in your mind. Our free financial statement templates provide unique and simple designs which will definitely save your time and money.
There Are Free Financial Statement Templates
