21+ Financial Statement Templates

A financial statement template is basically the official record of all financial activities of an individual or business concerned during any specific time period. In other words, it is a financial report which describes the financial position of a business or firm during a specific time frame. The purpose of a financial statement is to reflect a business’s performance during a fiscal year. It explains to users many crucial factors, like capital injections, working capital expenditures and liabilities, investments and current short term as well as long-term assets. It can be compiled at specific time intervals, such as; after half, quarter or one year, which is further based on the organization’s policies. The reason why a financial statement is prepared basically reflects information regarding four main reporting segments; balance sheet, income statement, cash flow statement, and statement of retained earnings or owner’s equity.

Balance Sheet:

A balance sheet reveals the financial position of an organization after sorting out the current value of assets, liabilities and owner capital.

Income Statement:

This statement presents the current income and expenditures of a company during a financial year. It further highlights the accurate information of net profit or net loss during that period.

Cashflow Statement:

This statement shows the company’s cash flow activities such as investing activity, financial activity and operating activity.

Statement of Retain Earnings:

This statement shows the company’s reserved amount after the financial year-end.

Purpose of Financial Statement

A financial statement serves many purposes, not only for its organization, but also to other members and stakeholders. By reviewing a financial statement, it should represent valuable information to all its stakeholders, otherwise it would be a useless activity. Management and other stakeholders can make vital decisions by reviewing the financial health of an organization through a financial statement.

Apart from assisting management and stakeholders in making worthy decisions, a financial statement serves many other purposes, which are as:

A financial statement plays a major role in the decision making of financial institutions.

It presents the current and future operations changes.

It is used as a guiding tool in collective bargaining agreements.

Auditors used this statement in investing critical factors which may reflect positively or negatively on stakeholders while making financial decisions.

Many stakeholders used this statement while making investment related decisions.

It explains the company’s current financial position and what factors can change it in the future.

A financial statement is the best tool to check the profitability of an organization.

Tax consultants also prefer to use this format while calculating taxable income and making decisions related to taxation.

It attracts many investors in the general public to invest their savings.

A financial statement also serves competitors while measuring their financial strengths.

While submitting various tax returns, a financial statement is also helpful for a company.

For outsiders, it is like a cave where they can sit and discuss it.

It is the formal presentation of company cash flows.

It is also helpful in making credit decisions.

Free Balance Sheet Template

The balance sheet template is a format which can explain to you in detail the picture of your financial health. It makes sure your assets are sufficient against liabilities, so you can offset your current liabilities with current assets. If you wish to see your net worth in one minute, then you should probably see your balance sheet. There are other names of this format, like financial statement, yearly financial statement or net worth statement. This is because you haven’t heard its true name, which is balance sheet.

Free Balance Sheet Template
Source : templatelab.com

Rating 4 out of 5

Free Income Statement Template

An income statement template is a unique document for every business and used as a key element to find out about the financial position of a company or business. It is an accounting tool which describes the revenues and expenses through both operating and non-operating activities. This document helps to determine whether net profit and loss occur during a specific time frame. It provides brief information to investors about the financial affairs of a company. It helps to summarize company sales and net income. Usually, this document is prepared for a specific time period such as a week, month or year.

Free Income Statement Template
Source : templates.office.com

Rating 5 out of 5

Free Cash Flow Statement Template

A cash flow statement template is the most important document of financial statement which offers different strategies and beneficial advice. These are useful for business growth or development. This format was created with the hard work of our professionals with a unique design having the capability to meet your requirements. It can be able to be used numerous times for various professional purposes related to your obligation. You can use a cash flow statement template without any arrangement and get multiple benefits from this source.

Free Cash Flow Statement Template
Source : vertex42.com

Rating 5 out of 5

More Templates

Cash Flow Projection Sheet Template

Source : businessplantemplate.net

Rating 5 out of 5

Change in Owners Equity Statement Template

Change in Owners Equity Statement Template
Source : www.brighthub.com

Rating 4 out of 5

Statement of Retained Earnings Template

Statement of Retained Earnings Template
Source : opentextbc.ca

Rating 4 out of 5

Balance Sheet Template Word

Source : www.wordstemplates.org

Rating 4 out of 5

Blank Balance Sheet Template

Source : www.sheettemplatesonline.org

Rating 4 out of 5

Printable Financial Statement Template

Source : www.famemaine.com

Rating 4 out of 5

Income Statement Template Word

Source : www.wordstemplates.org

Rating 4 out of 5

Financial Statement Reporting Template

Source : www.wordstemplates.org

Rating 4 out of 5

Financial Statement Assistance Proposal Template

Source : www.wordstemplates.org

Rating 4 out of 5

Annual Statement Template

Source : www.wordstemplates.org

Rating 4 out of 5

Financial Accounting Ledger Template

Source : www.double-entry-bookkeeping.com

Rating 4 out of 5

Cost of Goods Sold Statement Template

Source : spreadsheetpage.com

Rating 4 out of 5

Statement of Financial Account Template

Source : www.beginner-bookkeeping.com

Rating 4 out of 5

Cost of Sales Statement Template

Source : templates.office.com

Rating 4 out of 5

Cash Reconciliation Statement Template

Source : www.xltemplates.org

Rating 4 out of 5

Cash Statement Template

Source : www.xltemplates.org

Rating 4 out of 5

Break Even Statement Template

Break Even Analysis Example

Rating 5 out of 5



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