Get the free financial statement template

You must complete this Business Financial Statement and attach a copy of your most current Income Statement and Balance Sheet along with a copy of your year-end Profit and Loss Statement and Balance

How to fill out editable financial statement form

How to fill out Thrifty Car Rental Business Financial Statement

1. Gather all necessary financial documents, including income statements, balance sheets, and cash flow statements.
2. Begin with the identification section, including the business name, address, and contact information.
3. Enter the reporting period for which the financial statement is created.
4. Fill in the revenue section by listing all sources of income, such as rental fees and additional services.
5. Include all expenses, categorizing them into operating expenses, administrative costs, and any other relevant costs.
6. Calculate the net income by subtracting total expenses from total revenue.
7. Complete the asset section by listing all current and fixed assets owned by the business.
8. Document liabilities by listing outstanding debts and obligations.
9. Ensure that all numbers are accurate and aligned with supporting documents.
10. Review the final statement for clarity and correctness before submission or presentation.

Who needs Thrifty Car Rental Business Financial Statement?

1. Business owners of Thrifty Car Rental for financial analysis and planning.
2. Investors looking to assess the financial health of the business.
3. Lenders requiring financial statements for loan applications.
4. Regulatory agencies for compliance and verification purposes.
5. Potential partners or acquirers seeking detailed financial information.

Video instructions and help with filling out and completing financial statement template

Instructions and Help about blank financial statement to print

Hi my name is Alan Madden I'm a chartered accountant and a tax expert in the Mississauga Toronto in Oakville regions of Ontario Canada in this video I'm going to walk you through step by step how to prepare financial statements for your small business or corporation let's get started the first step in how to prepare financial statements for your company is to get yourself organized you can do this in 3 easy-to-follow sub steps number one locate and sort all of your expense receipts by month I have a habit of putting the expense receipts by month either in a folder or in an envelope for easy storage and location afterwards step 2 print all bank and credit card statements and sort them by month 3 attach all receipts to the related credit card or bank statement this makes it easy to identify how particulars was paid and when it was paid the second step and how to prepare financial statements for your company involves preparing the expensive spreadsheet in this example I have used the business of an IT contractor an independent consultant he is registered for HST and is collecting sales tax from customers you'll notice in the spreadsheet I have subdivided the expenses by three main categories your categories may differ than mine here they are car operating expenses and home office I have further subdivided these categories by expense item it's a best practice to prepare this spreadsheet on a monthly basis this will save you time effort and money at the end of the year for home office expenses I've only the deductible portion on the spreadsheet the deductible portion is equal to the size of the home office relative to the size of the home so for example my IT contractors den is 10 of the total size of his home, and therefore he's only deducting 10 of the home office expenses let's look at a particularly an item on this spreadsheet gasps in total my IT contractors spent a total of two thousand six hundred and twenty-seven dollars on gas purchases for his car in the year he paid for it by visa seventeen hundred and forty-eight dollars through his business bank account eight hundred and seventy-nine dollars, and he had followed my advice and didn't pay cash at all you'll notice at the bottom of the expense spreadsheet I have subtotals in this example the total amount spent by the IT contractor in the year on business expenses was thirteen thousand nine hundred and six dollars the third step in how to prepare financial statements for your business is to calculate the balances of the special accounts first off is HSC payable in this example the IT contractor has HST payable to the Canada Revenue Agency of eleven thousand three hundred and one dollars HST payable is calculated as the total HST collected in the year less the HST paid during the year HST paid during the year is on the business purchases shown in the previous spreadsheet next is income tax payable of eight thousand six hundred dollars income tax payable is equal to the income tax expense of...

People Also Ask about template financial statement

What are the basic financial statements?

For-profit businesses use four primary types of financial statement: the balance sheet, the income statement, the statement of cash flow, and the statement of retained earnings.

What is included in a business financial statement?

The three main types of financial statements are the balance sheet, the income statement, and the cash flow statement. These three statements together show the assets and liabilities of a business, its revenues and costs, as well as its cash flows from operating, investing, and financing activities.

What is the best financial statement for a small business?

“The cash flow statement is the most critical financial report because it's vital in seeing the big picture. It summarizes all cash inflows and cash outflows of a business over a certain period, providing details where the money is spent and indicates if the business is generating enough cash or not.

What are the five 5 basic financial statements?

Here's why these five financial documents are essential to your small business. The five key documents include your profit and loss statement, balance sheet, cash-flow statement, tax return, and aging reports.

What are the 5 major accounts?

The 5 primary account categories are assets, liabilities, equity, expenses, and income (revenue)

How do you prepare a business financial statement?

How to Prepare Financial Statements Step 1: Verify Receipt of Supplier Invoices. Step 2: Verify Issuance of Customer Invoices. Step 3: Accrue Unpaid Wages. Step 4: Calculate Depreciation. Step 5: Value Inventory. Step 6: Reconcile Bank Accounts. Step 7: Post Account Balances. Step 8: Review Accounts.

For pdfFiller’s FAQs

How do I modify my printable blank business financial statement in Gmail?

In your inbox, you may use pdfFiller's add-on for Gmail to generate, modify, fill out, and eSign your blank business financial statement and any other papers you receive, all without leaving the program. Install pdfFiller for Gmail from the Google Workspace Marketplace by visiting this link. Take away the need for time-consuming procedures and handle your papers and eSignatures with ease.

How can I send small business financial statement template to be eSigned by others?

When you're ready to share your financial statement template for small business, you can swiftly email it to others and receive the eSigned document back. You may send your PDF through email, fax, text message, or USPS mail, or you can notarize it online. All of this may be done without ever leaving your account.

Can I sign the printable business financial statement electronically in Chrome?

As a PDF editor and form builder, pdfFiller has a lot of features. It also has a powerful e-signature tool that you can add to your Chrome browser. With our extension, you can type, draw, or take a picture of your signature with your webcam to make your legally-binding eSignature. Choose how you want to sign your financial statement for business and you'll be done in minutes.

What is Thrifty Car Rental Business Financial Statement?

The Thrifty Car Rental Business Financial Statement is a financial document that outlines the financial performance and position of the Thrifty Car Rental business, including income, expenses, assets, and liabilities.

Who is required to file Thrifty Car Rental Business Financial Statement?

Typically, business owners or operators of Thrifty Car Rental franchises are required to file the financial statement, particularly for tax purposes or if seeking financing.

How to fill out Thrifty Car Rental Business Financial Statement?

To fill out the Thrifty Car Rental Business Financial Statement, gather necessary financial data, including income and expenses, and follow the prescribed format to accurately enter figures under the relevant sections.

What is the purpose of Thrifty Car Rental Business Financial Statement?

The purpose of the Thrifty Car Rental Business Financial Statement is to provide a clear representation of the business's financial health, aiding in decision-making for management, investors, and regulatory bodies.

What information must be reported on Thrifty Car Rental Business Financial Statement?

The information that must be reported includes revenues, operating expenses, net income, assets, liabilities, equity, and any other relevant financial transactions that reflect the business's performance.