At some point in everyone’s life, a financial institution will hand a preprinted multiple page document to an individual and ask them to prepare a personal financial statement. At first glance, it appears to be simple since it lists everything needed. However, after hours of debating on what goes where, the task can become confusing. Our accountants are here to help.

Proper presentation is the key. If assets or liabilities are noted in the wrong area, it will give the financial institution a false impression of your financial position. At best, it will only delay financing. At worst, you could be denied. On occasion, a financial institution has questioned the “false representation” by the individual because it is signed under penalties of perjury.

Avoid any risk and enlist Stabrowski & Associates to help you present your financial situation in the best light. Although rare, financial institutions have requested an audited personal financial statement, and we can prepare these for you, too.

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