Personal net worth statement template for excel is used by the companies of all nature to see their economic positions. A net worth statement is a kind of financial statement in which we enlist all the assets of the company and liabilities and then deduct the total liabilities from all the assets to compute the net worth of the company. It included all the liabilities that are may either short term and long term liabilities. And all the current and fixed assets of the company for which they are operating.
This is used to calculate the total financial health of the company. Because the assets are less than the liabilities of the company it means that the company’s health is not good it is in the poor condition and about to wind up of the company. And the other case is if the assets are more than the liability of the companies it means that the company is sound in his operations and financially doing good. You may also like Audit Report Template.
The net worth is the total value of the assets that the company owns for the operations of the business. The shareholders are mostly interested in this financial statement of the company because it considers or showed the value of the company. They are interested in reviewing this statement of the value of the economic growth of that organization.
This net worth statement template is very important for businesses and it includes the assets that are current and fixed and also includes the liabilities short term and long term liabilities of the company. A total of the liabilities must be deducted from the total assets of the company to compute the net worth. You should also check the Personal Financial Statement Template.
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Benefits of the Personal Net Worth Statement Template
- It shows the economic condition of the company
- Helps the investors to invest
- It helps the shareholders to review the health of the company.
- A quick review of the position
- Calculate the financial position quantitatively
- Simple and easy to use.
- Attracts the investors
- Printable also
The functionality of the Personal Net Worth Statement Templates
There are different several steps included to use this template that is the following:
Estimated net worth:
This would be calculated automatically when you have entered all the information given below.
The date of maintaining or preparing the statement must be mentioned here on the top.
The assets are used for the operations of the company. These may be tangible or intangible also includes current and fixed assets. The company must enlist all the assets of the company of all nature.
Total of assets:
After mentioning and enlisting all of the assets you must calculate all the assets. The total assets are used to calculate the net worth of the company.
Liabilities are the debts of the company that must be paid within one year or beyond one year by the company to vendors. These are short term and long term that all must be mentioned in the template.
Total of liabilities:
The total of the liabilities must be calculated after enlisting all the liabilities of the company. It is also used as a subtotal in calculating the net worth of the company. You may also see the Bank Reconciliation Template.
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In conclusion, these personal net worth statement templates aids the financial analyst to review the activities over time.