How much important do you think financial statement is for company or business? Well, business is there so people can earn profit. Besides earning money, you will eventually spend it too. After all, business is all about spending and earning.
However, proper management is important, so you need to have record of the business finance. For that, we suggest you to use financial statement template. We will talk more about it in this opportunity. Then, you will know how this template can help you. Now, let’s just get down to it right here then.
Why You Need Financial Statement Template
Every business will eventually face the need of making financial statement for their company. The statement is there to show company’s financial position after all. It has to be made at the end of each accounting period.
The template is necessary to be used to make such statement, be it annually or semi annually. It will help analyze and examine the actual worth of your company. Now that you know how important the template for business finance is, let’s see how to make the statement here. There are some parts to pay attention below.
1st Financial Statement Template Part
This template we are talking about here will come with some vital parts. Of course, you will have to concern yourself starting from the first part if you ever want to know how to make the statement. It is easy though.
Here, all you have to do is to write your business name. It will be the heading section of the statement. The year length of the reported finance will have to be mentioned in this part too. Write the business name on left and this year length on the right. It is what the heading is made of.
2nd Financial Statement Template Part
Then, we move on to the crucial part. This time, what you need to write would be the funding info of your company. This information is usually generated in many ways. They could be by investors or even loans.
Of course, there are still many other ways the information is generated. Just make sure to include them all in this financial statement section during the said time length. The information given must be correct too. Mention only the facts in the statement table. Then, you are done here.
3rd Financial Statement Template Part
The last part of the statement is all about budget estimation and investment. To be exact, they are that of one regarding different activities. Those activities could very well be the advertisement, web development, brand building, and many others that are necessary for the business of your company.
Just like before, financial statement template on this part has to be written properly. It is the budget estimation we are doing here. It can’t be wrong. After all, you will have to sum it all up in the end. So, pay attention and double check everything.