What is this?

Personal financial statements provide a snapshot in time of what you own (your assets), what you owe (your liabilities) and what would be left if you sold what you own to pay what you owe (equity).

Weather you are applying for a bank loan, evaluating insurance coverage, planning for retirement, or just want to know where you stand financially, Pry Professional Group can help. 

How does it help me?

Banks will sometimes require you to provide them with personal financial statements when you apply for a personal or business loan.  The banks are looking for positive asset to liability ratios as well as positive cash flow.  Pry Professional Group will aid you in gathering the necessary information to construct personal financial statements and presenting it in the proper format.  This will ensure the bank has the necessary information to make their decision.

When evaluating your insurance coverage, personal financial statements can help you determine where you have adequate coverage and where there are holes.  Pry Professional Group does not sell insurance, allowing us an objective perspective when helping you make insurance decisions.

Personal Financial statements can also be used as a retirement planning tool.  Financial planning uses your personal financial statement as a starting point to the planning process by identifying the types of assets in your portfolio, your diversification, and if your assets will cover your retirement goals.

Who do I contact for questions?

For more information on using the Pry Professional Group Accounting Services to create greater operating efficiency and growth for your company, contact Nikki Clement at nclement@PryGroup.com or 419-423-4481.

What do I need to bring?

A list of items needed will be provided to you prior to your appointment.