For business owners and nonprofit leaders, financial statements are like doctor’s appointments. To keep your business healthy, you perform regular exams based on specific accounting periods, and you see your tax professional for intermittent check-ups and an annual physical. Financial statements generally include a balance sheet, income statement, and cash flow statement.
Read MoreAs a contractor or real estate developer, you know your trade well. You go into a build knowing it needs a solid foundation. Maybe you have to spend a little time silently correcting those who refer to the concrete slab as “cement,” but the point is, you know the project’s long-term structural integrity depends on the right mixture of compounds.
Read MoreFinancial statements provide business owners and management teams with valuable insights into their business’s financial health. The frequency of financial statements and the level of information included varies depending on a company’s specific needs and reporting requirements.
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