how to make a financial statement on word

Finance Statement Templates Word

Control Every Expense or Cost in Your Company with Template.net's Free Finance Statement Templates in Word. Make Your Small Business Profit and Loss Statement, Personal Financial Statement, and Cash Flow Quickly. You Can Also Use Excel Spreadsheet to Customize Besides Word. Save in Any Available Format You Like. Download Now!

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How to Make a Finance Statement in Microsoft Word?

Financial statements are written reports that contain the activities and financial execution of a particular business or company. To guarantee the accuracy of the said document, and for the finance, tax, or investment purposes, they are usually audited by accountants, government agencies, firms, and the like. Moreover, they are also commonly used by investors, creditors, and market analysts to examine a business establishment's well-being and potential earnings. That said, it is imperative to create a financial statement that is spot-on and professional. Hence, we present you with some techniques and guidelines in making a flawless finance statement in Microsoft Word.

1. Discuss Thoroughly

It is impossible to make a business running with only one person working for it. Thus, gather your teammates in order to recall and discuss the recent activities that involve your company's money. This should not be a hard thing to do since it is already expected that you have a budget  before the exhibition of each event. Create a comprehensible list afterward.

2. Work on the Format

First, select a template that is most likely to be helpful and convenient for you to use. Then, determine the size. There is a wide variety of sizes to choose from, all you have to do is to pick —may it be in A4 or US letter sizes. There is no need to select an orientation because financial statements  are commonly in portrait orientation. 

3. Put the Details

Financial statements should contain a  balance sheet , income statement, and cash flow statement. The balance sheet presents an outline or summary of the assets, liabilities, and equity of stockholders. On the other hand, the income statement focuses on the revenues and expenditures of a company during a certain period. When the costs are taken from the profits, the statement generates a business's revenue figure that is known as net income. The cash flow statement contains the measurement of the company's ability to produce cash to fulfill debt responsibilities, supply operating expenditures, and finance investments. That said, the content of your financial statement should be accurate and precise. Also, you have to exert effort and attention on your work to achieve the best result.

4. Proofread

In essential documents like this one, proofreading is vital. It is beneficial for you because you will have time to polish your work to ensure its clarity and accuracy. No matter what type of craft you are creating, you have to make sure that all of them show professionalism, neatness, and excellence because they are concrete representations of your overall business process and brand identity.

5. Save then Print

Save your document into its corresponding file format, Microsoft Word .docx. Afterward, print it carefully using neat and good quality paper. The printing material to be used does not have to be the same as those that used for business cards ; any plain paper will do. However, ensure that the kind of paper you will use is in premium-quality so that you will come up with the best results. 

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Linking Microsoft Excel and Word documents

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This process allows you to link Microsoft Excel statements or schedules into documents - from notes to financials - that are created in Microsoft Word, allowing you to create a continuous print job from one program and to share data so that process only needs to be created and updated in a single document or workpaper.

In the example below we will take a portion of the financial statement created in Microsoft Excel and link the document to the Footnotes of the financial statement created in Microsoft Word.

• From the Engagement CS Tree View window right-click on the Microsoft Word document, i.e. the Footnotes of the financial statement, and choose to Open with Word .
• Minimize the Word document.
• From the Engagement CS Tree View window right-click on the Microsoft Excel document, i.e. the financial statement, and choose to Open with Excel .
• In the Excel document highlight the portion you wish to copy into Word and choose Edit > Copy .
• Minimize the Excel document.
• Maximize the Word document and with your mouse cursor pointed to the section you wish to paste the copied Excel portion, choose Edit > Paste Special .
• Click the Paste link option and highlight the Microsoft Office Excel Worksheet Object .
• Click OK to insert the linked table into the Word document.

To reflect any changes made in the Excel document into the Word document you must update the link. In the Word document right-click on the worksheet object that you copied from Excel and choose Update Link . Note: In Office 2010 the link in the Word document can be updated automatically when the Word document is opened if the option called "Update automatic links at open" in marked in the General section of the Advanced options dialog in Word. This option is available in Word 2010 from File > Options > Advanced > mark "Update automatic links at open" under the General section.

Additional Note: If you wish to view the document(s) or if changes need to be made to the linked data, both the Excel workpaper (source of the linked content) and the Word document (target for the linked content) should be opened at the same time in Engagement CS. To prevent any performance degradation while opening the Word document in the engagement workspace, we recommend that you always open the Excel workpaper first.

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41+ SAMPLE Financial Statement Templates in PDF | MS Word

Financial statement templates | ms word, 41+ sample financial statement templates, financial statement: what is it, income statement, balance sheet, cash flow statement, how to write a financial statement, when can a financial statement be useful, what ratios are calculated in a financial statement, are financial statements required.

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What is the purpose of a financial statement, step 1: gather your company’s financial information, step 2: use sample financial statement templates, step 3: insert the income statement, balance sheet, and cash flow statement, step 4: transform the three core statements for financial modeling.

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FREE 19+ Financial Statement Samples in MS Word | Google Docs | Pages | PDF | MS Excel | Numbers | Google Sheets

As of May 2020, Forbes reported that 14 retail stores and restaurant chains filed for bankruptcy or liquidation. While some businesses stop their operations for good, others make use of bankruptcy as an avenue to save their company financially and bring back to its former glory. Finances will always play a significant role in running a business. That is why it is crucial to keep track of your enterprise’s financial activities on a regular accounting cycle. As you consistently monitor your finances, you should also devise a business financial statement to keep a record of the cash that flows into and out of your corporation.

Financial Statements

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The financial statement of a company is a document containing the records of its activities. It reports the financial performance of a business, which government agencies, accountants, and firms audit to ensure accuracy. A simple financial statement will also serve as a guide for investors and analysts to evaluate the company’s financial health and its capability to generate income. Moreover, a financial statement sample for a small business consists of the following elements: assets, liabilities, equity, revenues, and expenses.

Deciphering the content of financial statements in PDF and other statements of financial position can be challenging if you have no clear idea about the process of creating the document. That is why we have outlined a step-by-step guide to help you write a financial statement for your company. With this, you will have a full understanding of its components as well as its process.

Note that a financial statement consists of various records—balance sheet, income statement sample , and cash flow statement . That is why you have to gather the necessary records first so that you will have complete figures to calculate later on. Moreover, having evidence of your financial activities also guarantees you that your report is accurate. Also, don’t forget to determine the specific accounting period your financial statement will cover.

The equation for a balance sheet is Total Assets = Liabilities + Shareholder’s Equity. Therefore, you have to determine your assets and liabilities. To come up with the shareholder’s equity, subtract the liabilities from the assets. You can also use a balance sheet template , so all you have to do is input the figures.

The formula involved for an income statement is Net Income = Total Revenue – Total Expenses. You need to list down all your company’s source of income and indicate the specific amount on the document to come up with the figures. This section should include both operating and non-operating revenue. After this, calculate the total expenses, such as the cost of goods sold and the operating costs. Now that you have the sum of the revenue and expenses, you can already deduct the overall expenses from the total revenue.

Lastly, you have to create a cash flow statement . For this process, begin with calculating your cash inflow or the actual finances your business receives from its primary operations, investments , and financing. Then, proceed to the computation of the cash outflow or the money your company spent on purchasing equipment, rent, payroll , debt, etc. After getting the total amount of each component, deduct your cash outflow from the cash inflow to determine the net increase (or decrease).

Aside from the income statement, balance sheet, and cash flow statement, there are two other types of financial statements. We refer to these as the statement of change in equity and the footnotes to financial statements.

In accounting, most professionals and business owners consider the income statement as the most important financial statement. It is because this spreadsheet enables the viewers to determine the business’s ability to generate profit.

The government requires businesses to submit financial statements. Other than that, these accounting documents are also beneficial to the company’s management , investors, customers, employees, lenders, and suppliers.

As featured in an article from CNBC, over 7 million businesses might close their doors to the customers if the coronavirus pandemic would last longer. It may be challenging to manage your finances in times like these. However, you have to make sure that you still have the resources so you can start over again or continue what you’ve started when everything goes well. So, make sure to have a record of your financial activities by using one of the professionally written financial statements compiled in this article.

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