Financial Statements

Financial statements or reports are formal records of the financial activities and position of a business.

A balance sheet or statement of financial position, reports on a company’s assets, liabilities, and owners equity at a given point in time. The essential information you need to have for your business.

Every business has to record their expenses and their income, this will help you realize how profitable your idea is.

Learn what are the basic reports and how to put them together.