Net Worth Express (www.networthexpress.com) helps develop personal financial statements for use in applying for and maintaining credit with financial institutions, according to Bay Gruber, president of the company. ‘A CPA is often the first resource a person turns to when needing to create a personal financial statement. Net Worth Express gives CPAs an easy way to create the statement with a client-ready and financial institution-ready statement that is easy to read and is completely based on GAAP,’ he said. ‘The program automatically formats all of the schedules and balance sheets so that it flows and guides the user through data entry using a menu-driven interface with step-by-step
guidance.’
The end result of the program is
reporting functions that generate
the specific information that banks
and other lenders need, in the format
they want. The program also allows
individuals to accurately calculate
and get a clearer understanding
of their own net worth. Net Worth
Express is designed for use by accountants,
financial institutions and individuals.
The features designed specifically
for accountants include a compilation
report, notes to the financial statement,
and supplementary information including
detailed asset and liability schedules,
income and expenses. The compilation
report can be printed onto firm
letterhead and offers customizable
footers and other components.
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