Financial Reporting
What is Financial Reporting?
šThe Formal recording of the financial activities of your Small business into accounting reports and/or financial statements including:
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Balance Sheet- Snapshot of Assets, Liabilities, and Owner’s Equity
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šStatement of Changes in Equity- Display Ownership over the business after debt and liabilities are paid off.
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šIncome Statement- Reports Revenue and Expenses, profit & loss statement
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šCash Flow Statement- Cash Spent on Operating, Financing, and Investing Activities
Our Pick
FreshBooks
šFreshBooks is a financial reporting software that creates financial reports for you including;
šInvoices, Expense Reports, Item Sales, šAccounts Aging, šPayments Collected, šAccounts Payable Aging, Balance Sheet, Cash Flow, Profit & Loss
FreshBooks provides support to Small Businesses who have challenges managing their finances, keeping records for taxation, decision making, analysis of products or services, reducing errors and representation to third parties including investors, shareholders, creditors, and customers.
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