How to edit financial statements in a PDF with MobiPDF (video tutorial)

How to edit financial statements in a PDF with MobiPDF

Editing financial statements, including balance sheets and cash flow statements, can be essential for keeping your business records up to date. MobiPDF offers you an easy way to modify and update financial documents. This tutorial will guide you through the process of editing your financial statements in just a few simple steps.

1. Open your financial document in MobiPDF

Start by opening MobiPDF on your computer. From the menu, either select the document from your recently opened files or upload it directly by clicking the "Open" button.

Steps to quickly opening your PDF

1. Open MobiPDF and click on "Open".

2. Browse your computer and select the financial document you want to edit.

2. Access the edit feature

Once your document is open, navigate to the toolbar at the top and click on the "Edit" feature. This will allow you to start modifying the contents of your document.

Steps to start editing

1. Click the "Edit" button on the top toolbar.

2. Click on any section of the document that you want to edit, such as asset valuations, liabilities, or equity.

3. Fill in the financial information

For financial documents like balance sheets and cash flow statements, you’ll need to update various sections.

How to edit a balance sheet

1. Assets: list all current assets such as cash, inventory, and prepaid expenses, as well as fixed assets like land and equipment.

2. Liabilities: include mortgages, interest payable, taxes payable, and any long-term liabilities.

3. Equity: calculate ownership interest by subtracting liabilities from assets. For businesses, include capital stock and retained earnings.

How to edit a cash flow statement

1. Cash flows from operating activities: update the cash received from customers and merchandise, along with payments for interest and taxes.

2. Cash flows from investing activities: track transactions related to acquiring and selling assets or businesses.

4. Work with tax return forms

For tax reporting, such as completing IRS Form 1120 for corporations, MobiPDF makes it easy to fill out and update the form.

Steps for filling in tax forms

1. Open the IRS Form 1120 or another tax form in MobiPDF.

2. Fill in the income, gains, losses, deductions, and credits for the corporation.

5. Save and finalize the document

Once all the required fields have been filled in, review your document for accuracy. Once you’re satisfied with the changes, save the updated financial statement.

Steps to saving your document

1. After editing the financial document, click "Save" to preserve the changes.

2. Your document is now ready for sharing or submission!

Conclusion

With MobiPDF, editing financial statements is simple and efficient. Whether you’re updating balance sheets, cash flow statements, or even tax forms like IRS Form 1120, MobiPDF allows you to modify your financial documents with ease. For more detailed tutorials, make sure to visit our MobiPDF YouTube channel!