The Purpose of Financial Statements

The Purpose of Financial Statements

Financial statements are the way that you can track the performance and changes of your company or organization. Regardless of the type of business or nonprofit you are running, there are many different people that would be interested in the financial statements...

End of year projections

End of year projections: It is important to have realistic end of year projections, an ability to forecast revenue and expenses so that investors, business owners and Boards can make sound decisions regarding growth. Your financial projections are a quick overview and...

Your Financial Statements – Profit and loss

Profit and Loss Let’s continue this week with your income statement also known as profit and loss (the P&L) for your company.  Your P&L is a summary of your income and your costs and expenses for a set period of time, typically done monthly or quarterly...

Your Financial Statements – The Balance Sheet

Balance Sheet You didn’t start your business or become the head of an organization because you are a financial expert. You are there to grow and succeed. The accounting, bookkeeping and financial aspects of your business are important to how you run your...
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