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Commonwealth of Massachusetts The Trial Court Probate and Family Court DepartmentDivisionDocket No. FINANCIAL STATEMENT (Short Form) INSTRUCTIONS: if your income equals or exceeds $75,000.00 annually,
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Start by gathering all the necessary financial information such as income, expenses, assets, and liabilities.
02
Organize the information into relevant categories such as income sources, monthly expenses, and types of assets.
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Use the provided short form financial statement template and fill in the required fields with the gathered information.
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Include accurate and up-to-date figures for each category to ensure the statement reflects your current financial situation.
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Double-check the completed form for any errors or omissions before submitting it.
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Submit the filled out short form financial statement to the appropriate parties or institutions as required.

Who needs short form financial statement?

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Individuals applying for a loan or mortgage may need to provide a short form financial statement to demonstrate their creditworthiness and ability to repay the funds.
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Small business owners or self-employed individuals may need a short form financial statement to provide to potential investors, partners, or lenders.
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Certain financial institutions or organizations may require a short form financial statement as part of their application or evaluation process for various purposes such as credit approvals, grant applications, or financial assistance programs.
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A short form financial statement is a simplified version of a full financial statement, which typically includes essential information about a company's financial position and performance in a condensed format.
Small businesses, sole proprietorships, or entities that qualify under specific revenue thresholds may be required or allowed to file short form financial statements instead of more comprehensive reports.
To fill out a short form financial statement, gather necessary financial data, complete the template by inputting figures for revenue, expenses, assets, and liabilities, and ensure accuracy before submission.
The purpose of a short form financial statement is to provide a concise view of a business's financial health, making it easier for stakeholders to assess performance without the complexity of detailed reports.
The information typically reported includes total revenues, total expenses, net income or loss, current assets, long-term assets, current liabilities, and long-term liabilities.
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