Struggling to get a comprehensive view of your financial health? Trying to compile your assets, liabilities, and equity in one place? Your search ends here!
In this article, we will walk you through 5 of the best free Google Sheets Personal Financial Statement templates designed to help you calculate your net worth, track changes over time, and make informed decisions.
1. Free Printable Personal Financial Statement Template
Designed by Russell Turner
The Free Printable Personal Financial Statement Template is a comprehensive and user-friendly Google Sheets template designed by Russell Turner. This template is perfect for anyone who wants to get a detailed overview of their financial status. It covers all aspects, from assets and debts to real estate and precious metals.
You can easily track your checking and savings account balances, credit card debts, student and car loans, and even the value of your precious metals. It also allows you to calculate your home equity and track your investment accounts. This template even includes a cash flow section where you can record your expenses and deposits, giving you a clear picture of your financial health.
What makes this template stand out is its ‘Improving My Position’ section. This unique feature allows you to log snapshots of your net worth at different points in time, helping you track your financial progress and make informed decisions about your financial future.
We recommend this template because it not only provides a comprehensive view of your finances but also encourages financial growth and improvement. It is an excellent choice for anyone who wants to take control of their finances and work toward their financial goals.
2. Fillable Personal Financial Statement Template
Designed by Vertex42
The Fillable Personal Financial Statement Template by Vertex42 is a comprehensive and detailed Google Sheets template designed to help individuals track and manage their personal finances. It includes sections for entering personal information, income, assets, liabilities, and cash flows to provide a complete picture of your financial health.
It’s not just about numbers. It also includes a section to input personal details, employment information, and even sensitive personal data (though we recommend not storing social security numbers or date of birth for security reasons).
The template also includes a balance sheet and cash flow statement for tracking assets, liabilities, and inflows and outflows of cash. This template is designed to be a starting point for those who might need to prepare a personal financial statement for loan applications, though it’s important to note that banks and lenders may have their own specific forms.
We recommend this template for its thoroughness and attention to detail in capturing a wide range of financial data.
3. SBA Personal Financial Statement Template
Designed by Smartsheet
The SBA Personal Financial Statement Template by Smartsheet is designed for Google Sheets as a comprehensive and easy-to-use solution for small businesses to keep track of their financial health.
The template is divided into various sections, such as ‘Current Assets’, ‘Fixed Assets’, ‘Other Assets’, ‘Current Liabilities’, ‘Long Term Liabilities’, and ‘Owner’s Equity’, to provide a detailed overview of the business’s financial status. It also includes placeholders for the current and previous year’s data, allowing for a quick comparison and understanding of financial progress.
One of the standout features of this template is the ‘Common Financial Ratio’ section. This section automatically calculates important financial ratios such as the Debt Ratio, Current Ratio, Working Capital, Assets-to-Equity Ratio, and Debt-to-Equity Ratio. These ratios are crucial for understanding the financial stability and efficiency of a business, making this template not just a balance sheet but also a powerful financial analysis resource.
We recommend this template because it simplifies the complex task of creating a balance sheet. It’s ideal for small business owners who want to keep a close eye on their financial status without getting overwhelmed by the complexity of financial management.
4. Detailed Personal Financial Statement Template
Designed by Live Flow
The live Profit & Loss (P&L) MoM Comparison Dashboard is a comprehensive Google Sheets template designed by LiveFlow.
This template offers a detailed view of your financial health, allowing you to track income, expenses, and profit or loss on a monthly basis.
It’s designed for easy integration with QuickBooks, enabling live data flow for real-time insights.
With clear instructions for setup and use, this template is user-friendly and highly functional. It even includes a video guide to ensure you can make the most of its features.
The template provides an exhaustive list of income and expense categories, making it suitable for a variety of businesses. It’s perfect for individuals who need to keep a close eye on their cash flow, track financial progress, and make informed decisions based on real-time data.
We recommend this template for its ease of use, live data integration feature, and comprehensive financial tracking capabilities.
5. Simple Personal Financial Statement Template
Designed by Spreadsheet Daddy
The Simple Personal Financial Statement Template designed by Spreadsheet Daddy is an ideal way to keep track of your personal finances. This template allows you to itemize and quantify your assets, such as cash in checking and savings accounts, certificates of deposit, securities, retirement funds, and real estate.
You can also record your liabilities, from current debt like credit cards to taxes payable and real estate mortgages. The template conveniently calculates your net worth by subtracting your total liabilities from your total assets, giving you a comprehensive view of your financial status at a glance.
This template is particularly useful for individuals who are keen on maintaining a clear record of their financial position. It can help you understand where your money is going, how much you are saving, and how you can plan your finances better.
We recommend this template because it’s straightforward and user-friendly. Even if you’re not a financial expert, you can easily fill in your details and get valuable insights about your financial health. It’s a must-have for anyone who wants to manage their finances efficiently.
