How Does Someone Write a Personal Finance Statement Form?


Quick Answer

An individual writes the personal finance statement form by completing the general information section and filling details on his assets, liabilities, his source of income and contingent liabilities, according to Fit Small Business. He also has to write information on notes payable, stocks, bonds, life insurance and taxes.

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Full Answer

On the general information section, the individual writes his name, his residential address, the name of his business, and the business and residence phone numbers, explains Fit Small Business. On the assets section, the individual provides the total amount of money that he has in his checking account, in his savings account, his accounts and notes receivable, and the cash surrender value of his life insurance. This section also includes the total value of all his assets.

The individual writes about his accounts and notes payable, loans and mortgages on the liabilities section, states Fit Small Business. He gives details on his salary and other income sources, such as investments and real estate, on the source of income section. On the contingent liabilities section, he lists loans that he co-signed for, legal claims and judgments, and special debt.

On the stocks and bonds section, the individual includes details on the number of shares he owns, security names, initial costs of purchase and total value of the shares, states Fit Small Business. The next section has information on all property he owns, including real estate. The individual completes the form by writing details on unpaid taxes, other liabilities and life insurance.

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