In order to contribute to your Asset Control, we developed the Personal Asset Excel spreadsheet. A tool that allows you to manage your fixed assets in an automated way in Excel.
Net worth is a set of rights, obligations, and assets related to an individual or entity. It is part of accounting research.
So this is everything that the person has (assets and rights) and everything that they owe (liabilities). However, considering accounting reasoning, only assets, rights and obligations that can be denominated in currency are considered.
What is Personal Equity and what is it used for?
The Personal Equity Calculator is a tool used to show, in a very visual and practical way, what your financial situation is.
In the business context, it is often used by the accounting area to provide an understanding of the financial position of the business, especially with regard to the net worth of the organization – what is effectively available in cash.
On a personal level, the idea is the same. That is, to make a survey of all your assets and available cash on account, as well as the debts that need to be settled in the period.
Therefore, it includes some issues such as
The real estate in your name;
Cars and other such assets;
Money invested in investments;
Debts in general – like financing a car, for example.
With the Free Personal Net Worth Calculation Excel Worksheet you can do all the complex calculations in fractions of a second, resulting in accurate and ready information.
However the worksheet calculates the total($) assets and debts of the Personal Net Worth, giving the information in numbers and graphs, making it easy to visualize, and can monitor various information in a single graph, easily and effectively.