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Step 1
Create a list in four parts. In part one include all current assets or assets due you in the next 90 days. In part two collect all long-term asset values, such as home values, car values and other important assets. Use part three to list current debts due in 90 days, and part four for long-term liabilities, such as mortgages and notes.
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Step 2
Title the statement "Personal Financial Statement of (your name) as of (the date)." On the left side of the page, title the column "Assets" and underneath "Current Assets." Categorize the following information from the part one data collection: cash, checking, savings, securities, notes receivable. Enter the information underneath current assets.
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Step 3
Enter the title "Long Term Assets." Use the part two information and categorize the information as follows: real estate, household goods, vehicles, cash value of insurance, 401(k), retirement accounts, other assets. Sum the total of all assets and enter as " Total Value of Assets" at the bottom of the page.
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Step 4
Enter the title "Liabilities" on the right side of the page on the same line as assets. Below "Liabilities" write "Current Liabilities." Enter data for the following categories: notes payable, bills payable, credit cards payable, vehicle loans, unpaid taxes.
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Step 5
Create a "Long-Term Liability" column with the following columns and fill in with part four data: real estate loans, land loans, life insurance loans and other loans. Total the amount of all liabilities and enter in a column labeled "Total Liabilities."
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Step 6
Subtract the "Total Liabilities" column from the "Total Assets" column. Enter the difference under the "Total Liabilities" line as "Net Worth." Your balance sheet should be complete. Check your results by ascertaining that the sum of all liabilities and net worth equal the total amount of assets.
