Financial Reporting
What is Financial Reporting?
The 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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Statement of Changes in Equity- Display Ownership over the business after debt and liabilities are paid off.
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Income Statement- Reports Revenue and Expenses, profit & loss statement
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Cash Flow Statement- Cash Spent on Operating, Financing, and Investing Activities
Our Pick
FreshBooks
FreshBooks is a financial reporting software that creates financial reports for you including;
Invoices, Expense Reports, Item Sales, Accounts Aging, Payments Collected, Accounts 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.
