Get the free Certified Operating Statement - Community Federal Savings Bank

COMMUNITY FEDERAL SAVINGS BANK CERTIFIED OPERATING STATEMENT / / Loan Number: Property Address: Borrower’s): Income: Rental

How to fill out certified operating statement

How to fill out a certified operating statement:

1. Start by gathering all the necessary financial information of your company, including revenue, expenses, assets, and liabilities.
2. Prepare a detailed breakdown of your revenue sources, categorizing them into different sources such as sales, investments, or grants.
3. List all your expenses, making sure to include both fixed and variable costs. This can include rent, utilities, salaries, and any other operational expenses.
4. Calculate your net income by subtracting your total expenses from your total revenue. This will give you a snapshot of your company's profitability.
5. Next, compile a list of all your company's assets, such as land, buildings, equipment, and inventory. Assign a value to each asset.
6. Similarly, list all your liabilities, which can include loans, credit card debt, or any other financial obligations your company has.
7. Calculate your company's total equity by subtracting your total liabilities from your total assets.
8. Lastly, review and double-check all the information you have entered in the certified operating statement to ensure accuracy.

Who needs a certified operating statement?

1. Small business owners: Small business owners often require a certified operating statement to assess the financial health of their company, measure profitability, and demonstrate their financial position to potential investors or lenders.
2. Financial institutions: Banks and other financial institutions may require a certified operating statement as part of the loan application process to evaluate the potential borrower's financial stability and ability to repay the loan.
3. Investors: Investors, whether they are individuals or venture capitalists, may request a certified operating statement to evaluate the financial performance and potential of a company before making an investment decision.
4. Government agencies: Some government agencies may require a certified operating statement for auditing or compliance purposes. This is particularly common for companies that receive government funding or contracts.
5. Internal use: Even if not required by external parties, a certified operating statement can be used by companies internally to track financial performance, make strategic decisions, and identify areas for improvement.

For pdfFiller’s FAQs

What is certified operating statement?

Certified operating statement is a financial statement that has been reviewed and verified by a certified public accountant.

Who is required to file certified operating statement?

Businesses or organizations that are required by law or regulation to submit financial statements.

How to fill out certified operating statement?

You need to gather all financial data, fill out the required forms, and have the statement reviewed and certified by a CPA.

What is the purpose of certified operating statement?

The purpose is to provide stakeholders with accurate and reliable financial information about the business or organization.

What information must be reported on certified operating statement?

Income, expenses, assets, liabilities, and equity of the business or organization.

How can I get certified operating statement?

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