Get the free personal financial statement worksheet - esd ny

ATTACHMENT B PERSONAL FINANCIAL STATEMENT WORKSHEET Complete this worksheet to determine the individual personal net worth as part of the application for MWBE Certification with the division of minority and women business development.

How to fill out personal financial statement worksheet

How to Fill Out Personal Financial Statement Worksheet:

1. Gather all relevant financial documents: Before starting the personal financial statement worksheet, make sure you have all the necessary documents such as bank statements, investment statements, tax returns, and any other financial records.
2. Fill in your personal information: Begin by providing your personal details like your name, address, contact information, and social security number.
3. Detail your assets: List all your assets in the worksheet, including bank accounts, retirement accounts, real estate properties, stocks, bonds, vehicles, and any other valuable possessions. Make sure to include the current value of each asset.
4. Record your liabilities: In this section, document all your debts, such as mortgages, loans, credit card balances, and any other outstanding debts. Include the remaining balance, monthly payment, and interest rate for each liability.
5. Calculate your net worth: Subtract your total liabilities from your total assets to determine your net worth. This figure represents your overall financial standing.
6. Provide income information: Detail all sources of income, including salaries, bonuses, dividends, rental income, or any other regular income sources. Indicate the amount earned from each source and the frequency of payment.
7. List your monthly expenses: Document your regular monthly expenses like rent/mortgage payments, utilities, groceries, transportation costs, insurance premiums, loan payments, and any other recurring expenses. Be thorough and provide accurate figures.
8. Calculate your cash flow: Subtract your total monthly expenses from your total monthly income to calculate your cash flow. This figure will help you understand how much money you have left after covering your regular expenses.
9. Evaluate your financial goals: Take the time to assess your financial objectives and long-term goals. Consider factors like retirement planning, saving for education or big purchases, and debt repayment strategies.

Who Needs Personal Financial Statement Worksheet?

1. Individuals applying for loans: Banks and financial institutions often require a personal financial statement from loan applicants to evaluate their creditworthiness and assess the ability to repay the loan.
2. Small business owners: Entrepreneurs and small business owners may need a personal financial statement to secure funding from banks or investors.
3. Individuals managing their finances: Even if you aren't seeking a loan or running a business, a personal financial statement can be a valuable tool for personal financial planning and tracking your progress toward financial goals. It can provide a comprehensive overview of your financial health.

Remember, it's essential to review and update your personal financial statement regularly as your financial circumstances change.

For pdfFiller’s FAQs

How can I send personal financial statement worksheet for eSignature?

When you're ready to share your personal financial statement worksheet, you can swiftly email it to others and receive the eSigned document back. You may send your PDF through email, fax, text message, or USPS mail, or you can notarize it online. All of this may be done without ever leaving your account.

Can I create an electronic signature for the personal financial statement worksheet in Chrome?

Yes. You can use pdfFiller to sign documents and use all of the features of the PDF editor in one place if you add this solution to Chrome. In order to use the extension, you can draw or write an electronic signature. You can also upload a picture of your handwritten signature. There is no need to worry about how long it takes to sign your personal financial statement worksheet.

How do I complete personal financial statement worksheet on an iOS device?

Install the pdfFiller iOS app. Log in or create an account to access the solution's editing features. Open your personal financial statement worksheet by uploading it from your device or online storage. After filling in all relevant fields and eSigning if required, you may save or distribute the document.

What is personal financial statement worksheet?

The personal financial statement worksheet is a document that outlines an individual's financial situation, including assets, liabilities, and net worth.

Who is required to file personal financial statement worksheet?

Individuals who hold positions of financial responsibility or public office may be required to file a personal financial statement worksheet.

How to fill out personal financial statement worksheet?

To fill out a personal financial statement worksheet, you need to gather information about your assets, liabilities, income, and expenses, then input this data into the designated sections of the worksheet.

What is the purpose of personal financial statement worksheet?

The purpose of a personal financial statement worksheet is to provide a snapshot of an individual's financial health and to disclose any potential conflicts of interest.

What information must be reported on personal financial statement worksheet?

A personal financial statement worksheet typically requires information on assets, liabilities, income sources, real estate holdings, investments, and debts.

What is the penalty for late filing of personal financial statement worksheet?

The penalty for late filing of a personal financial statement worksheet can include fines, potential legal action, and damage to one's reputation.