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How to Write a Personal Statement (with Tips and Examples)

Hannah Yang

Table of Contents

What is a personal statement, 6 tips on how to write a personal statement, personal statement examples (for college and university), faqs about writing personal statements, conclusion on how to write a personal statement.

How do you tell someone who you are in just a few hundred words?

It’s certainly no easy task, but it’s one almost every college applicant must do. The personal statement is a crucial part of any college or university application.

So, how do you write a compelling personal statement?

In this article, we’ll give you all the tools, tips, and examples you need to write an effective personal statement.

A personal statement is a short essay that reveals something important about who you are. It can talk about your background, your interests, your values, your goals in life, or all of the above.

Personal statements are required by many college admission offices and scholarship selection committees. They’re a key part of your application, alongside your academic transcript, standardized test scores, and extracurricular activities.

The reason application committees ask you to write a personal statement is so they can get to know who you are. 

Some personal statements have specific prompts, such as “Discuss a period of personal growth in your life” or “Tell us about a challenge or failure you’ve faced.” Others are more open-ended with prompts that essentially boil down to “Tell us about yourself.”

No matter what the prompt is, your goal is the same: to make yourself stand out to the selection committee as a strong candidate for their program.

Here are some things a personal statement can be:

It can be funny. If you have a great sense of humor, your personal statement is a great place to let that shine.  

It can be vulnerable. Don’t be afraid to open up about hardships in your life or failures you’ve experienced. Showing vulnerability can make you sound more like a real person rather than just a collection of application materials.  

It can be creative. Candidates have got into top schools with personal statements that take the form of “a day in the life” descriptions, third-person short stories, and even cooking recipes.

Now we’ve talked about what a personal statement is, let’s quickly look at what a personal statement isn’t:

It isn’t a formal academic paper. You should write the personal statement in your natural voice, using first-person pronouns like “I” and “me,” not in the formal, objective language you would use to write an academic paper.

It isn’t a five-paragraph essay. You should use as many paragraphs as you need to tell your story instead of sticking to the essay structure you learned in school.

It isn’t a resumé. You should try to describe yourself by telling a clear and cohesive story rather than providing a jumbled list of all of your accomplishments and ambitions.

Here are our top six tips for writing a strong personal statement.

Tip 1: Do Some Serious Self-Reflection

The hardest part of writing a personal statement isn’t the actual process of writing it.

Before you start typing, you have to figure out what to write about. And that means taking some time to reflect on who you are and what’s important in your life.

Here are some useful questions you can use to start your self-reflection. You can either answer these on your own by writing down your answers, or you can ask a trusted friend to listen as you talk about them together.

What were the key moments that shaped your life? (e.g. an important friendship, a travel experience, an illness or injury)

What are you proud of? (e.g. you’re a good listener, you always keep your promises, you’re a talented musician)

How do you choose to spend your time? (e.g. reading, practicing soccer, spending time with your friends)

What inspires you? (e.g. your grandmother, a celebrity, your favorite song)

Doing this self-reflection is crucial for figuring out the perfect topics and anecdotes you can use to describe who you are.

Tip 2: Try to Avoid Cliché Topics

College application committees read thousands of personal statements a year. That means there are some personal statement topics they see over and over again.

Here are a few examples of common personal statement topics that have become cliché:

Winning a tournament or sports game

Volunteering in a foreign country

Moving to a new home

Becoming an older sibling

Being an immigrant or having immigrant parents

If you want to make a strong impression in the application process, you need to make your personal statement stand out from the crowd.

But if your chosen personal statement topic falls into one of these categories, that doesn’t necessarily mean you shouldn’t use it. Just make sure to put a unique spin on it so it still delivers something the committee hasn’t seen before.

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Tip 3: Show, Don’t Tell

One common mistake you might make in your personal statement is to simply tell the reader what you want them to know about you, such as by stating “I have a fear of public speaking” or “I love to cook.”

Instead of simply stating these facts, you should show the committee what you’re talking about through a story or scene, which will make your essay much more immersive and memorable.

For example, let’s say you want the committee to know you overcame your fear of public speaking. Instead of writing “I overcame my fear of public speaking,” show them what it was like to be onstage in front of a microphone. Did your palms get clammy? Did you feel light-headed? Did you forget your words?

Or let’s say you want the committee to know you love to cook. Instead of writing “I love to cook,” show them why you love to cook. What’s your favorite dish to cook? What does the air smell like when you’re cooking it? What kitchen appliances do you use to make it?

Tip 4: Connect the Story to Why You’re Applying

Don’t forget that the purpose of your personal statement isn’t simply to tell the admissions committee who you are. That’s an important part of it, of course, but your ultimate goal is to convince them to choose you as a candidate.

That means it’s important to tie your personal story to your reasons for applying to this specific school or scholarship. Finish your essay with a strong thesis.

For example, if your story is about overcoming your fear of public speaking, you might connect that story to your ambition of becoming a politician. You can then tie that to your application by saying, “I want to apply to this school because of its fantastic politics program, which will give me a perfect opportunity to use my voice.”

Tip 5: Write in Your Own Voice

The personal statement isn’t supposed to be written in a formal tone. That’s why they’re called “personal” statements because you have to shape it to fit your own voice and style.

Don’t use complicated or overwrought language. You don’t need to fill your essay with semicolons and big words, unless that’s how you sound in real life.

One way to write in your own voice is by speaking your personal statement out loud. If it doesn’t feel natural, it may need changing. 

Tip 6: Edit, Edit, Edit!

It’s important to revise your personal statement multiple times in order to make sure it’s as close to perfect as possible.

A single typo won’t kill your application, but if your personal statement contains multiple spelling errors or egregious grammar mistakes, you won’t be putting your best foot forward.

ProWritingAid can help you make sure your personal statement is as clean as possible. In addition to catching your grammar errors, typos, and punctuation mistakes, it will also help you improve weaknesses in your writing, such as passive voice, unnecessary repetition, and more.

Let’s look at some of the best personal statements that have worked for successful candidates in the real world. 

Harvard Personal Statement Example

Love. For a word describing such a powerful emotion, it is always in the air. The word “love” has become so pervasive in everyday conversation that it hardly retains its roots in blazing passion and deep adoration. In fact, the word is thrown about so much that it becomes difficult to believe society isn’t just one huge, smitten party, with everyone holding hands and singing “Kumbaya.” In films, it’s the teenage boy’s grudging response to a doting mother. At school, it’s a habitual farewell between friends. But in my Chinese home, it’s never uttered. Watching my grandmother lie unconscious on the hospital bed, waiting for her body to shut down, was excruciatingly painful. Her final quavering breaths formed a discordant rhythm with the steady beep of hospital equipment and the unsympathetic tapping hands of the clock. That evening, I whispered—into unhearing ears—the first, and only, “I love you” I ever said to her, my rankling guilt haunting me relentlessly for weeks after her passing. My warm confession seemed anticlimactic, met with only the coldness of my surroundings—the blank room, impassive doctors, and empty silence. I struggled to understand why the “love” that so easily rolled off my tongue when bantering with friends dissipated from my vocabulary when I spoke to my family. Do Chinese people simply love less than Americans do?

This is an excerpt from a personal statement that got the applicant admitted to Harvard University. The applicant discusses her background as a Chinese-American by musing on the word “love” and what that means within her family.

The writer uses vulnerable details about her relationship with her grandmother to give the reader an understanding of where she comes from and how her family has shaped her.  

You can read the full personal statement on the Harvard Crimson website.

Tufts Personal Statement Example

My first dream job was to be a pickle truck driver. I saw it in my favorite book, Richard Scarry’s “Cars and Trucks and Things That Go,” and for some reason, I was absolutely obsessed with the idea of driving a giant pickle. Much to the discontent of my younger sister, I insisted that my parents read us that book as many nights as possible so we could find goldbug, a small little golden bug, on every page. I would imagine the wonderful life I would have: being a pig driving a giant pickle truck across the country, chasing and finding goldbug. I then moved on to wanting to be a Lego Master. Then an architect. Then a surgeon. Then I discovered a real goldbug: gold nanoparticles that can reprogram macrophages to assist in killing tumors, produce clear images of them without sacrificing the subject, and heat them to obliteration. Suddenly the destination of my pickle was clear. I quickly became enveloped by the world of nanomedicine; I scoured articles about liposomes, polymeric micelles, dendrimers, targeting ligands, and self-assembling nanoparticles, all conquering cancer in some exotic way. Completely absorbed, I set out to find a mentor to dive even deeper into these topics. After several rejections, I was immensely grateful to receive an invitation to work alongside Dr. Sangeeta Ray at Johns Hopkins.

This is the beginning of a personal statement by Renner Kwittken, who was admitted into Tufts University as a pre-medical student.

Renner uses a humorous anecdote about being a pickle truck driver to describe his love for nanomedicine and how he got involved in his field. You can feel his passion for medicine throughout his personal statement.

You can find Renner’s full essay on the Tufts Admissions page.

Law School Personal Statement Essay Example

For most people, the slap on the face that turns their life around is figurative. Mine was literal. Actually, it was a punch delivered by a drill sergeant at Fort Dix, New Jersey, while I was in basic training. That day’s activity, just a few weeks into the program, included instruction in “low-crawling,” a sensible method of moving from one place to another on a battlefield. I felt rather clever for having discovered that, by looking right rather than down, I eliminated my helmet’s unfortunate tendency to dig into the ground and slow my progress. I could thus advance more easily, but I also exposed my unprotected face to hostile fire. Drill sergeants are typically very good at detecting this type of laziness, and mine was an excellent drill sergeant. So, after his repeated suggestions that I correct my performance went unheeded, he drove home his point with a fist to my face. We were both stunned. This was, after all, the New Army, and striking a trainee was a career-ending move for a drill sergeant, as we were both aware. I could have reported him; arguably, I should have. I didn’t. It didn’t seem right for this good sergeant, who had not slept for almost four days, to lose his career for losing his temper with my laziness. Choosing not to report him was the first decision I remember making that made me proud.

These are the first three paragraphs of an anonymous personal statement by a Wheaton College graduate, who used this personal statement to get into a top-25 law school.

This statement describes a time the applicant faced a challenging decision while in the army. He ended up making a decision he was proud of, and as a result, the personal statement gives us a sense of his character.

You can find the full essay on the Wheaton Academics website.

Here are some common questions about how to write a personal statement.

How Long Should a Personal Statement Be?

The length of your personal statement depends on the specific program you’re applying to. The application guidelines usually specify a maximum word count or an ideal word count.  

Most personal statements are between 500–800 words. That’s a good general range to aim for if you don’t have more specific guidelines.  

Should Personal Statements Be Different for Scholarships?

Many scholarship applications will ask for personal statements with similar prompts to those of college applications.

However, the purpose of a personal statement you’d write for a scholarship application is different from the purpose of one you’d write for a college application.

For a scholarship application, your goal is to showcase why you deserve the scholarship. To do that, you need to understand the mission of the organization offering that scholarship.

For example, some scholarships are meant to help first-generation college students get their degree, while others are meant to help women break into STEM.

Consider the following questions:

Why is this organization offering scholarships?

What would their ideal scholarship candidate look like?

How do your experiences and goals overlap with those of their ideal scholarship candidate?

You can use the same personal anecdotes you’d use for any other personal statement, but you’ll have a better chance of winning the scholarship if you tailor your essay to match their specific mission.

How to Start a Personal Statement

You should start your personal statement with a “hook” that pulls the reader in. The sooner you catch the reader’s attention, the more likely they’ll want to read the entire essay.

Here are some examples of hooks you can use:

A story (e.g. When the spotlight hit my face, I tried to remind myself to breathe. )

A setting description (e.g. My bedroom floor is covered with dirty laundry, candy wrappers, and crumpled sheet music. )

A funny anecdote (e.g. When I was a little kid, my friends nicknamed me Mowgli because of my haircut. )

A surprising fact (e.g. I've lived in 37 countries .)

There you have it—our complete guide to writing a personal statement that will make you stand out to the application committee.

Here’s a quick recap: 

A personal statement is a short essay that shows an application committee who you are

Start with a strong hook that pulls the reader in

Tell a story to engage the reader 

Write in your own voice, not in a formal tone

Good luck, and happy writing!

Hannah is a speculative fiction writer who loves all things strange and surreal. She holds a BA from Yale University and lives in Colorado. When she’s not busy writing, you can find her painting watercolors, playing her ukulele, or hiking in the Rockies. Follow her work on hannahyang.com or on Twitter at @hannahxyang.

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Home » Google Sheets » 17☝️ Free Google Sheets Cash Flow Templates

• Updated: August 24, 2023

17☝️ Free Google Sheets Cash Flow Templates

Managing your business finances can be a daunting task, especially when it comes to tracking cash flow. You might be struggling with complex calculations, confusing spreadsheets, and overwhelming financial jargon

This issue can lead to inaccurate financial reports, poor decision making, and could even put your business at risk. But what if there was an easier way to monitor your cash flow?

This is where our blog post comes in handy. In this post, we have compiled a list of the 17 best free cash flow templates in Google Sheets. These Google Sheets cash flow templates are designed to simplify your financial management process, providing you with a clear picture of your business’s financial health. So, say goodbye to financial stress and hello to streamlined cash flow management.

What is a Google Sheets Cash Flow Template?

A Google Sheets Cash Flow Template is a pre-formatted spreadsheet designed to help you track and manage your cash inflows and outflows.

Ideal for both individuals and businesses, these templates offer a simple way to get a quick snapshot of your financial health. Built for use in the cloud-based Google Sheets platform, these templates come with pre-configured formulas to automatically calculate key metrics like net cash flow.

This makes it easy to assess your financial situation without requiring advanced accounting skills. Being cloud-based, they also offer the advantage of real-time collaboration, making it easier for teams to work together on financial planning and analysis.

Best Google Sheets Cash Flow Templates

Here are our top picks for the best cash flow templates for Google Sheets:

1. Free Downloadable Cash Flow Template

Designed by Thomas Plaizier

This Free Downloadable Cash Flow Template, designed by Thomas Plaizier, is a valuable tool for small business owners who want to keep track of their cash flow efficiently. It’s a Google Sheets template that allows you to monitor the cash coming in and going out of your business, including operating cash flow from sales, investing cash flow from investments, and financing cash flow from loans. 

The template also helps you calculate your beginning and ending cash balances, making it easier to understand your business’s financial health. It is user-friendly and customizable, allowing you to enter your business name and date for personalized record-keeping. 

This cash flow statement template is an excellent resource for managing your business finances and ensuring your cash flow remains healthy.

Open in Google Sheets  

2. Monthly Cash Flow Template

Designed by Vertex42

The “Monthly Cash Flow Template” by Vertex42 is a detailed Google Sheets template designed for comprehensive financial planning.

This powerful tool allows you to break down your monthly income and expenses, track your cash flow, and make informed decisions about your financial health. It provides sections for various sources of income and outflows, including payroll, business expenses, debts, living expenses, and savings.

The template allows you to examine your finances in detail, with fields for specific items such as auto maintenance, child care, eating out, groceries, and more.

 The template provides a clear visual of your start and end cash balance for each month for the entire year, helping you plan and manage your budget effectively.

Open in Google Sheets 

3. Weekly Cash Flow Template

Designed by Live Flow

The Weekly Cash Flow Template is a powerful tool designed to help you track and analyze your cash inflows and outflows on a weekly basis. Whether you’re a business owner or an individual, managing your cash flow is essential for maintaining financial stability.

The cash inflow section allows you to select profit and loss accounts and balance sheet accounts from the dropdown menus, making it easy to categorize your income sources. You can input estimates and actuals for each account, and the template will calculate the total cash inflow for the week.

Similarly, the cash outflow section allows you to select profit and loss accounts and balance sheet accounts to categorize your expenses. You can input estimates and actuals for each account, and the template will calculate the total cash outflow for the week.

At the end of each week, the template provides a summary of your cash balance, including the beginning and ending cash on hand. It also compares your ending cash balance to the minimum required cash balance, alerting you if your cash balance falls below the required threshold.

In addition, the template includes a check section, allowing you to verify the accuracy of your cash flow data by comparing it with the profit and loss by day and the balance sheet by day.

With the Weekly Cash Flow Template, you can gain a comprehensive understanding of your cash flow patterns and make informed financial decisions to ensure your financial stability and success.

This template was designed by Live Flow, a trusted provider of financial management tools.

4. Personal Cash Flow Statement Template

Adapted from an Excel Template by Excel Demy

This Google Sheets Personal Cash Flow Statement Template, adapted from an Excel template by Excel Demy, is a handy tool for managing your personal finances.

The template allows you to track your income and expenses in detail, categorized into various segments such as salary, profit, insurance, taxes, rent, loans, food, entertainment, utilities, memberships, personal consumption, and dining out.

A unique feature is the ability to visualize each category as a percentage of your total income or expense, enhancing your understanding of where your money is coming from and where it is going.

By calculating your net cash flow and showing your opening and closing balance, this template provides you with a clear view of your financial health and aids in better financial planning.

5. Cash Flow Analysis Template

Designed by ModelSheet Software

Efficiently manage your business’s cash flows with the Cash Flow Analysis Template. This financial spreadsheet solution enables you to predict cash shortfalls and excesses in advance, optimizing your financial plans.

This advanced model combines cash flow projections with an optional analysis of line credit. It generates a comprehensive overview of cash inputs and outputs, borrowing asset bases, loan balances, employee expenses, accounts payable and receivable data, along with optional features like account float estimation, planned versus actual cash flow comparison, and segmentation of cash flow into business segments.

Adjust the time grain feature to weeks, months, quarters, or years according to your requirements. Visualize key performance metrics with graphs and ensure your company stays financially ahead. A standard and basic version of this model is available, with an interactive and customizable format to suit your individual business needs.

6. Cash Flow Projection Template

Adapted from an Excel Template by Spreadsheet Page

The Cash Flow Projection Template provides a detailed breakdown of both incoming and outgoing cash over a ten-year period in millions of dollars. Incoming cash can include items like sales, loans received, new equity inflow, interest income, and other income.

Outgoing cash includes various types of expenses, such as purchases, wages, rent, utilities, advertising, and more. The template uses color coding for easy differentiation between input fields, linked cells, and calculations.

Each year’s projection is separated into months, and the template provides fields for the opening and closing balance for each period, thus welcoming detailed scrutiny of a company’s financial health throughout the year.

This Excel-adapted template is designed by Spreadsheet Page and is ideal for businesses looking to assess their financial future.

7. Cash Flow Forecast Template

This Cash Flow Forecast Template from Live Flow has been meticulously designed to help businesses predict their cash inflows and outflows.

The template covers aspects such as starting cash on hand, various incomes such as online and retail sales, and one-off incomes. It also factors in non-cash income items and balance sheet accounts like stock and capital. 

More importantly, it encapsulates outflows in detail, including the cost of goods, delivery fees, marketing, subscriptions, travel expenses, payroll, and more. It also accounts for non-cash expense items and cash requirements alerts for maintaining the minimum required balance.

This template can also be used for cross-verifying the cash balance with the total bank accounts to ensure no discrepancies. 

8. Discounted Cash Flow Template

Designed by Smartsheet Content

The Discounted Cash Flow Template from Smartsheet is an all-in-one solution for detailed financial analysis and business valuation. Designed for those with a detailed understanding of finance concepts, this comprehensive Google Sheets template allows you to capture all aspects of a company’s financial position in one place.

From corporate tax rates to detailed cash flow forecasts, this template caters to all your financial data needs. It includes placeholders to input past financial data with automatic formulae to calculate growth, costs, EBITDA, and more. It also allows you to predict future sales and growth, along with a robust structure for calculating net working capital.

In addition, this template provides an in-depth section for calculating Unlevered Beta and Relevered Beta based on the target debt/equity ratio, helping you assess risk more accurately. It also includes a Weighted Average Cost of Capital (WACC) calculation, providing a more comprehensive understanding of a company’s financial health.

The template concludes with the achievement of a business’s enterprise value along with implied multiples, giving investors a clear picture of the company’s worth. It also includes a terminal value model, allowing for the estimation of a business’s value into perpetuity.

This Discounted Cash Flow Template is perfect for finance enthusiasts, finance students, financial advisors, and business analysts who are looking to dive deep into a company’s financial health and predict future performance.

9. Budget Cash Flow Template

Designed by GooDocs

The Budget Cash Flow Template is a comprehensive tool designed to help businesses manage and predict their cash flow throughout the year. This Google Sheets template provides you with clear insight into the financial health of your business by tracking both cash inflows and outflows. 

With this template, you can itemize your income from different sources, such as cash sales, loan proceeds, and owner contributions. It also helps you keep track of your expenses, including wages, rent, materials, utilities, advertising, and more.

It further breaks down the numbers by quarters for more granular forecasting. You can see the opening and available balances for each quarter, as well as the net cash change.

And thanks to color-coded sections for when your cash flow is positive or negative, you can easily spot trends and make necessary adjustments.

10. Restaurant Cash Flow Template

The Restaurant Cash Flow Template from Live Flow is a meticulously designed Google Sheets template that serves as a comprehensive financial guide for restaurant owners. It helps track and analyze both the income and expenses of your restaurant business. 

The template includes categories like Online Sales, Retail Sales, and Sales of Product Income under “Income.“ The “Cost of Goods Sold“ section allows you to calculate the cost of items like T-Shirts, Shoes, and Delivery Fees. 

“Expenses“ is an extensive category that captures not just your restaurant’s operational expenses but also marketing, subscriptions, travel, equipment, payroll, general, and research & development expenses.

The template also allows tracking of “Other Expenses” which includes Home G&A. The layout effectively leads to the calculation of your net income by considering every potential monetary flow in your restaurant business. 

With the clarity it provides, this productivity tool aids in enhancing your profitability by allowing easy identification of unnecessary expenses and income opportunities.

11. Construction Cash Flow Template

Adapted from an Excel Template by Small Business Commissioner

The Construction Cash Flow Template is an invaluable financial tool designed to assist contractors and subcontractors in the construction industry in tracking and predicting the flow of cash in and out of their business.

This easy-to-use Google Sheets template offers a straightforward layout to track all aspects of cash flow. It starts with the opening balance and then provides space to record monthly cash inflow from various sources, such as contract payment claims, other receipts, and cash sales.

On the outgoing end, the template enables the tracking of various expenses like bank fees, fuel, material costs, site supervision, subcontractors, insurance, and waste removal, among others. It also accounts for less common expenses like PAYG Income tax installments, withholding tax, superannuation, net GST owing, and capital purchases.

At the end of the month, you can easily calculate the monthly cash balance, giving you a clearer picture of your financial health and helping you make informed financial decisions for your business throughout the year. This template is an adaptation of an Excel template by the Small Business Commissioner.

12. Cash Flow Graph Template

Designed by Layer

This Cash Flow Graph Template, powered by Layer, is a simple yet powerful tool for creating a financial model. Specifically designed for comprehensibility and customization, this template features four main segments for data input: Assumptions, HR, Software & Licenses, and Actuals.

The template comes with three output sheets: Summary, Cash, and P&L, which present, compute, and visualize data based on the information input in the remaining tabs. This makes it an ideal tool for financial planning, allowing you to map out potential cash flow paths and adjust budgetary assumptions.

13. Airbnb Cash Flow Template

Designed by Curtis Hearn

This Airbnb Cash Flow Template is a comprehensive financial planner designed specifically for those renting out property through Airbnb. Crafted by Curtis Hearn, this Google Sheets template breaks down all the costs associated with the purchase and running of a property, including purchase price, mortgage interest rate, down payment, closing costs, renovation budget, furniture budget, and more.

It helps you calculate your total cash upfront and the gross monthly rent you could earn from your property. It deducts all potential expenses such as property insurance, taxes, management fees, a sinking fund, and more to provide you with the net operating income.

The template also calculates your cash-on-cash return on investment, giving you a clear picture of the profitability of your Airbnb property operation.

This template is ideal for individuals managing Airbnb properties or those considering entering the space, as it offers an effective method for tracking costs and income.

14. Operating Cash Flow Template

Adapted from an Excel Template by Futurpreneur

Maintain a firm grasp of your company’s financial health with this comprehensive Operating Cash Flow Template.

This Google Sheets template is designed to track your business’s operating cash flow over a span of 12 months, providing an overview of your cash inflows and outflows during each month.

It covers a wide variety of financial components such as cash on hand, sales, collections, loans, expenses, purchases, wages, and much more, allowing you to keep track of your income and expenses in one place.

It also includes a section for essential operating data like sales volume, accounts receivable and payable, and depreciation. Adapted from a template by Futurpreneur, this resource is ideal for any business needing a practical and efficient way to monitor its cash flow.

15. Indirect Cash Flow Template

Adapted from an Excel Template by All Business Templates 

This Indirect Cash Flow Template has been expertly designed for use in Google Sheets, adapted from an existing Excel template by All Business Templates. It presents an in-depth analysis of a company’s cash flow, providing comparisons across three different accounting systems: FRF for SMEs, Income Tax, and GAAP.

The template primarily separates the cash flow into three categories – Operating Activities, Investing Activities, and Financing Activities. It further breaks down each activity into subsets, such as Net Income, Depreciation, Deferred Income Taxes, and others – contributing to a comprehensive financial snapshot. 

The template concludes with the net increase or decrease in cash over the period, providing the beginning and ending cash balances.

16. Hotel Cash Flow Template

Designed by Spreadsheet Daddy

This Google Sheets template, sourced from Spreadsheet Daddy, is specially designed for hotel businesses that want to monitor and manage their financial operations more effectively.

The template organizes cash flow into three primary activities: Operating Activities, Investing Activities, and Financial Activities. Each section allows you to document different financial transactions related to your hotel business. From regular operating costs to investments and dividends, this easy-to-use template helps ensure comprehensive financial tracking.

Moreover, the template includes the Net Cash Flow section to provide a clear view of your business’s financial health. The Stock-Based Compensation and Common Stock Dividends Paid sections are essential for businesses that engage in such activities. 

Overall, this efficient and intuitively structured template caters to the needs of hotel owners, helping them make informed financial decisions for their business’ growth and sustainability.

17. Cash Flow Monitoring Template

This Cash Flow Monitoring Template from Spreadsheet Daddy is a highly efficient tool designed to keep track of your income, expenditure, and overall cash flow over an extended period, ensuring your financial management is streamlined and effective.

It breaks down your cash flow month by month, comparing your forecasted and actual income and expenditure.

This comprehensive overview makes it easy to spot trends, manage spending, and ensure the health of your finances. Whether you’re running a small business, freelancing, or managing your personal finances, this template is a must-have tool.

How to Make a Cash Flow Template in Google Sheets

You can easily and quickly create a cash flow template by following the step-by-step guide below!

Step 1. Choose a blank cell, then input the text you need. Change the font, size, color, and alignment by going to the toolbar menu.

Step 2. Next, pick the cells you want to merge, click the Merge icon, and select Merge All from the list that appears.

Step 3. Select the cells you need, hit the Border icon, and then choose the color, style, and type of border.

Step 4. Choose the cells you want to colorize, select the Fill color option, then pick a color from the palette that displays to alter the color of your template.

And there you have it—your cash flow template is complete!

What is the cash flow formula?

The basic cash flow formula is Cash Inflows – Cash Outflows = Net Cash Flow. This calculates the net amount of cash coming into and going out of a business over a set period. Cash inflows typically include sales, loans, and investments, while cash outflows cover expenses like salaries, rent, and utilities.

How do I create a cash flow forecast in Google Sheets?

To create a cash flow forecast in Google Sheets, start by labeling columns for “Date,” “Cash Inflows,” “Cash Outflows,” and “Net Cash Flow.” Enter your projected incomes and expenses for future periods in the corresponding cells. Use formulas like SUM to calculate the total inflows, outflows, and net cash flow for each period. Depending on your business needs, you can extend these forecasts weekly, monthly, or yearly.

Personal Financial Statement Template Google Docs

Identify personal financial information needed, gather necessary financial documents, identify google docs template for personal financial statement.

• 1 Template 1
• 2 Template 2
• 3 Template 3
• 4 Template 4
• 5 Template 5

Make a Copy of the chosen Google Docs Template

Fill in personal information in the template, fill in assets information in the template, fill in liabilities information in the template, calculate total assets in the template, calculate total liabilities in the template, calculate net worth in the template, review filled in template for accuracy, approval: personal financial statement accuracy.

• Review filled in Template for Accuracy Will be submitted

Make necessary Corrections in the Template

Finalize personal financial statement, save and download the statement as pdf, print the statement if necessary, secure the printed or digital statement in a safe place, distribute the statement to concerned parties, approval: statement distribution.

• Finalize Personal Financial Statement Will be submitted

Archive the Google Docs Template for future use

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Free Balance Sheet Template for Google Sheets

• Last updated January 25, 2024

Balance sheets are part of the golden trio in financial statements. They’re used to report the amount you own and the financial obligations you have to settle. They also contain other metrics, such as assets and liabilities, that outline your financial standing.

Today, we will explore balance sheets, the benefits of using one, and the best balance sheet template for Google Sheets made just for you.

Get the template here: Balance Sheet Template

Table of Contents

What is a Balance Sheet?

Knowing the details of a company’s financial conditions is key in evaluating its ability to handle monetary obligations, investments, and growth opportunities. And one of the most reliable financial reporting statements in business is a balance sheet.

This form of financial statement overviews your enterprise’s assets, liabilities, and equity at a particular time. Balance sheets also show how these three categories are related to one another.

• Assets: An asset refers to owned things and properties of a company that can be liquidized. Note that only things and resources of value count as assets, such as inventory, investments, and cash. When listing your assets, you want to put the ones that can be quickly converted to cash at the top.
• Liabilities:  Liabilities concern the money flowing out of your company’s financial account. Opposite of assets, liabilities refer to financial obligations like outstanding business loans and employee wages that you have yet to settle.
• Equity:  Equity is simply the difference between a company’s total assets and total liabilities. It refers to the amount your company still owns after settling your monetary obligations.

From the name of this financial statement, your assets must equal the sum of your liabilities and equity. If they become unequal, your financial statement is off balance and is an unfit “balance” sheet.

Business and Personal Balance Sheet Templates

Are you required to create or use a balance sheet template? Balance sheet templates are only mandatory among companies and entities that are traded publicly. Still, there’s a lot of room for why this template would benefit you.

For one, they help small businesses understand their current financial health. And with this, the owners can create a more suitable plan to mitigate their liabilities when allocating their monthly or quarterly budget.

A well-organized balance sheet will also help an enterprise looking for investors—a sound financial condition may mean it’s worth investing in.

Additionally, you can also use balance sheet templates for personal uses. This lets you know your net worth (similar to equity) and the overall condition of your finances, while a personal balance sheet template can also help to improve your credit score.

What Should a Good Balance Sheet Template Google Sheets Have?

If you’re planning to create your balance sheet or find one online, you’d want to ensure that the following categories are in the template.

• Assets breakdown category
• Liabilities breakdown category
• Owner’s equity section
• Financial ratios

You want to be as detailed as possible when listing your assets, so having a dedicated section is essential, allowing you to add any assets you can potentially miss. The same reason is for having separate liabilities and owner’s equity sections.

Balance sheets are not one-off financial statements. They are either prepared monthly, quarterly, or annually at the end of every accounting period . So, having a date field is also necessary for your template.

Lastly, there must be a section for financial ratios, which are said to be the dessert in a balance sheet. They are calculated after listing all your assets, liabilities, and equity. The ratios indicate whether your enterprise has good liquidity, can pay its obligations, and how much profit the company earns.

Our simple balance sheet template features all of these sections and formulas that automate your calculations. To get a copy, simply go to your Google Sheets account and add your monetary details.

How To Use This Free Balance Sheet Template

Once you open a copy of our free template,  you’ll be redirected to the “Balance Sheet” tab. This is where you will enter the details of your financial data.

1. List Your Assets

From left to right, you’ll first see the “Assets” category, which is further divided into three more sections: “Current, Fixed, and Other Assets.” Here, you’ll list all your items and investments that will bring money into your account.

• Current Assets:  These are assets you can encash in one year from your indicated date in the template. Typically, you’ll include your marketable securities, together with your cash, cash equivalents, inventory, prepaid expenses, and accounts receivable.
• Fixed Assets:  Properties and equipment you use to gain income for your business count as fixed assets. These are usually long-term items, exceeding at least a year before getting encashed. Fixed assets also depreciate in value due to wear and tear.
• Other Assets: These account for items of value that you own but do not belong to any of the categories we’ve listed above.

To use this section in our template, simply enter the corresponding amounts in the highlighted cells (the same is true for the Liabilities category in the next part). These are summed up automatically with an overall figure per category.

Related: Inventory and Sales Tracking Spreadsheet Template

2. Detail Your Liabilities

In the next section, you can include your unfinished debts, wages to settle, and similar expenses under the “Liabilities” section. They’re also categorized into two: “Current and Long-term Liability” categories.

• Current Liabilities: These refer to outstanding monetary obligations you need to settle within one operating cycle or one year from the date you indicated in the template. Current liabilities include accounts payable (e.g., pending payment to suppliers), income taxes, employee salaries, and short-term debts.
• Long-term Liabilities:  Given its name, it’s easy to guess that long-term liabilities are the ones that need to be paid for at least one year and more. These include bonds payable, pension obligations, business loans, lease payments, and other similar expenses.

3. Fill the Owner’s Equity Category

Owner’s equity, also called shareholder’s equity, refers to the total amount of money left after settling all of a company’s liabilities. A better way to visualize it is when you liquidate all your assets to pay off all your debts—the money left is the owner’s equity. These include your investments as the owner, retained earnings, treasury stock, and more.

The amount you put in here gets summed up in its own category. But it’s also added to your liabilities on the outlook. So the sum of the two should equal your total assets.

4. Check Your Financial Ratios

This section requires no modifications as they automatically get populated as you fill out the other categories. While there are a lot of financial ratios that you can use, we selected five of the most commonly utilized in business.

• Current Ratio:  This indicates the relationship between your current assets and current liabilities. Generally, a good current ratio should be greater than or equal to 1.00. Values lower than that are considered alarming. You can compute it by dividing your current assets by your current liabilities.
• Debt Ratio:  This ratio will tell how much leverage you’re using. You can calculate this by dividing your total assets by your total liabilities. Your company will have a good debt ratio if the quotient is less than 0.5. Values higher than that mean that your company is mostly running through debt.
• Debt-to-Equity Ratio:  If you’re looking to compare the amount of debt your company has against its total equity, you’ll need this financial ratio. You can find this by dividing your total liabilities by your total owner’s equity. In general, a good debt-to-equity ratio shouldn’t go over 2.00.
• Assets-to-Equity Ratio:  This financial ratio tells how much the owner or the shareholders own from the total assets of a company. You can compute this by dividing your total assets by your total liabilities. The optimal ratio is anywhere below 2.00.
• Quick Ratio:  The quick ratio is good to use when liquidating your assets in the short term. You can get this figure by determining the difference between your current assets and your inventory and dividing it by your current liabilities. A good ratio is either equal to 1.00 or higher.

Benefits of Using a Balance Sheet Template

While balance sheets are only mandatory for publicly traded companies, there are several benefits to using one, even for small business owners or individuals trying to keep their finances in check. Let’s look at the benefits below:

• Assessing your financial conditions:  Your balance sheet contains the amount of money (liquid or fixed) you currently have, together with any outstanding payments. There are also financial metrics that you can use to determine whether your company has an excellent capacity to handle its monetary obligations.
• Attracting investments:  Investors want to see whether you can be trusted before giving you their money. Balance sheets provide the perfect opportunity to showcase your company’s ability to grow your investor’s funds and provide other insights through your financial ratios.
• Making data-driven decisions:  Using what you can find on your balance sheets, you can accurately adjust your financial plans for the betterment of your company.

Creating a balance sheet doesn’t mean you need to hire a professional to do it for you, especially if hiring one is outside of your budget or business outlook. If you don’t know where to start, feel free to get a copy of our ready-to-use balance sheet template today.

Final Thoughts

Balance sheets provide a lot of insights not only for you but also for potential investors. They give you a quick overview of the amount you possess, the pending expenditures and debts you need to pay, and your equity. Creating an accurate balance sheet today can make a huge difference in your finances, so don’t forget to get a copy of our balance sheet template for Google Sheets!

Want to learn more? These Google Sheets online courses  are an excellent place to start!

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• Free Google Sheets Profit and Loss Template
• Google Sheets Expense Tracker: Free Template & How to Use
• Free Google Sheets Inventory Template + How to Use
• The 9 Best Google Sheets Templates to Streamline Your Life

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FREE 20+ Sample Personal Statement Templates in Google Docs | MS Word | Pages | PDF

For domestic purposes too budget plays a significant role. For those who are interested in making economical use of their wealth the template available for Personal statement is the right stop. Sneak into the different sample for personal statements. Make a sample list of your expenditures and tally it with your income.

Sample Personal Statement

Personal statement sample - 5+ documents in pdf, word, sample law school personal statement - 7+ examples in pdf, sample personal statement - 8+ examples in word, pdf.

Maintain a potential work sheet to analyze your profit margin. Download these  Sample Statements  for free and also make sure you set yourself as an example for others. You can download them in any format suiting your demand. It hardly consumes a heavy portion of your time so get set go and make your wealth be utilized wisely.

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Personal Statement Worksheet Template

This template is available in PDF format and consists of 4 pages. It is best suited for students who are/have applied for a course in a college/ university analysis . There are questions asked about why was the particular subject was chosen, what personal skills and achievements would make the student best at the subject, what are the individual’s hobbies and several more questions regarding aims and ambition

Personal Statement Format

diversity.umn.edu

This template sets two sample essays which appeals to the scholarship committee regarding why the applicant deserves the scholarship. Qualifications as a meritorious student, responsibilities and work experiences till date, and why the applicant requires the scholarship for financial aid are all explained in the vivid description. You can refer to these samples to write your own scholarship sample essay .

Personal Statement Template for Graduate School Template

careercenter.depaul.edu

Available in a 12-page PDF format, this is best suited for college-aspiring students who are explained about what the personal statement is all about, pieces of advice for what and how should personal statements be written, and exercises about knowing yourself better to write an excellent final personal statement.

Sample Personal Statement for College Template

york.cuny.edu

This template is only on one page in PDF file which consists of a sample essay pertaining to a personal statement on an sample application to college. The example template talks about why the candidate has chosen the college amongst others, why the candidate deserves a scholarship and what talent and skill contributions can the candidate make if they are students of the institution.

Personal Statement Example

Basic Personal Statement for a Job Template

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Personal Statement Outline Template

upsd.wednet.edu

Why You Need Sample Personal Statement?

Colleges are extremely prestigious institutions where students need to prove themselves to be worthy of admission. Most of the scholarship programs and universities ask for personal statements written in an essay format ranging from 300 to 500 words to elaborate on why you are commendable of being an alumnus of the educational institution. You can also see  Capability Statement Templates

Often the rounds of selection are rigorous if you aspire to join the top college leagues. Naturally, that itself is anxiety-inducing. Students who are neurotic bunnies tend to mess up their essays format under the pressure of being selected. That is why sample personal statements prove to be an excellent guide for all the nervous aspirants out there.

When You Need Sample Personal Statement?

While your mark sample sheets and GPAs speak for itself as your achievements, personal statements help the college officials judge you personally. Sent in with your applications, these personal statement essays help the selection panel determine if you are a qualified addition to the school.

When nervousness and stress to be qualified in a good university hits, even the brightest of students can commit the silliest blunders. Often students don’t know what is appropriate to write and what is not which might lead to their applications being rejected. Referring to these samples helps you write your own personal statement and comes with guidelines of the do’s and don’ts.

Benefits of Sample Personal Statement Template

Sample personal statements can be extremely beneficial if referred during the times needed the most. It is available for students applying for college and universities or individuals seeking for jobs. These sample personal statements are editable and customizable for your personal use. You may refer to them as much as you like as they are available for free and in easily operable softwares like PDF and MS Word. You can also see  Projected Income Statement 

There are guidelines explained elaborately in simple words to curb the nervousness of the young students. If you are applying for scholarships, there are several available sample templates to see what the scholarship look for in an essay. All of these templates benefit you in securing your dream job or university by the aforementioned ways.

If you are looking for “how to write personal statement essays”, you need not look further as our site offers several example templates to sample reference in PDF or MS Word format. Stop fretting about what to write, just download the templates which are best suited for your needs and refer to them confidently. We wish you the best for your future endeavors.

If you have any DMCA issues on this post, please contact us !

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Statement Sheet Template in Google Docs

Be Guided on How to Come Up with a Scope, Work, Budget, Income, Invoice, or Financial Statement. And Template.net's Free Statement Sheets Offer You Variations of Statements and How to Make Them. Also, Take Your Sample Statement Sheet to the Next Level by Incorporating an Invoice Template, Following the Proforma Invoice Format, and Adding an Excel Monthly Budget Template.

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Your financial statement shows the activities and profitability of your business. Whatever type of financial statements you need, be it a cash flow or income and any other sample financial sheet, we highly suggest a unique template that is waiting for you in our compilation of 100% customizable and professionally written Statement Sheet Templates. We have a variety of easily editable templates like  Personal Financial Statement, Profit and Loss Statement for Small Business, Earning Statement Pay Stub, and Income Statement. We’ve made them accessible with all versions of Google Docs and printable in either personal and commercial printing. Hurry and get yours now from these Ready-Made Statement Sheet Templates in Google Docs!

How to Create a Statement Sheet in Google Docs

Statement sheets are used in financial statements to accommodate the business's income and expenses in a specific timeframe. It tracks the business's financial accounts, and it is used as an expense tracker as well. The statement sheet usually comprises an annual period, but it can also be monthly or quarterly. For a huge and small business, statement sheets show the inventory of accounting costs and expenses that are associated with the revenue. In simple terms, it presents how much the industry has earned and lost over a specific time. It will help the business to be fully aware of the yearly account statements. Under the statement sheets, the following cases include the standard profit and loss statement, balance sheets, billing, and so on.

Statement sheets are useful when it comes to evaluating your business's financial progress. With this, you will be able to find relevant solutions on how to make some improvements to gain or to maintain your profit. If you intend to make one, you can create a statement sheet by only using Google Docs and blank statement spreadsheet templates. To be guided, here are some step-by-step instructions to create one.

1. Begin with the Net Sales

For the first step, launch your Google Docs application and begin with the net sales that are being subjected for a specific time. Business net sales usually present the gross sale at a particular time, budget, discounts, product returns, lost and damaged goods, and more. It must be organized from the reduction of various expenses to net profit over a specific period of theme, whether annually or monthly basis.

2. Calculate Profit

In every statement sheet, the calculation of profits usually takes place, whether it is a vendor account or any other small business. The profit showcases the cost of goods or services that are being provided. The cost of goods or services includes the following materials that were being used and labor which produces the products. Compute the total amount of profit from the cost estimates of the products or services and subtract it to the net sales to be able to arrive at the gross profit.

3. List the Following Operating Expenses

For the third step, list down the following expenses such as costs of good or services that were being allocated. General expenses include the following materials, utilities, salaries, and rent. Make a guided assessment sheet to classify these expenses for selling, administrative, and general expenses. After that, total each of these operating expenses and subtract them from the gross profit to come up with the operating income.

4. Elaborate the Non-Operating Expenses

Since we have operating expenses, some expenses are not directly for operations, and these are called non-operating expenses. The following non-operating expenses include interests, installments, loans, devaluation, and tax expenses. This section will also have to record a standard profit and loss statement where you can evaluate the gain and loss of the specific inventory.

5. Layout Everything

Now that you have compiled your data, layout each of these data in a statement sheet template. Put your net sales at the top portion of the content and make sure that the pieces will follow in order. Next, supply the gross profit that you have calculated from Step 2. Then, add the operating costs as well as the operating income that was being calculated from Step 3. Lastly, incorporate the non-existing expenses to reveal the final net income. You can proceed with constructing a financial analysis for you to be able to assess everything.

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