Do you prepare financial statements?

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Passiveearner

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Financial statements tend to be a very important aspect of any kind of business. Financial statements are a table of records and they contain analysis of expenditures and profits of a Company. This includes analysis of depreciation of assets as well in many cases. So, do you prepare them?

 

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Springtime

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Every business should prepare financial statements such as Profit & Loss statement, cashflow statement, Balance Sheet. Such information helps the shareholders to understand the financial situation of the company.

 

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Stardom22

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The financial statements are indeed very important to track the way of spending on your money for that reason.

 

Shavkat

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I can do it, but I have not done it for a long time. I used to do this when we still have the family business. I am familiar how to do it when I took my MBA before.

 

nomad

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Apart from budgeting and a balance sheet, I do not prepare for any kind of financial statements.

 

eldavis

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I do not prepare any financial statements, I recently started using one of the zoho apps for my recording.

 

You

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I don't prepare financial statements. However, I do keep track of my personal finances and update my budget regularly.

 

Kera

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I have never been in a position to prepare financial statements per say. I just submit details of transactions I handle in the workplace to the account department and they do the financial statement.

 

cherry123

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I believe every business should prepare financial statements like Profit & Loss statement, cashflow statement, Balance Sheet to help know the financial situation of the company.

 

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Sawe

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• #10

I don't have a business right and so I don't make financial statements. But I understand how important it is. It helps track business funds as they go in and out.

 

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timewo

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I was preparing draft financial statements earlier to help my relative who was a tax consultant with several clients. Now I only prepare my own financial statements.

 

freelancermaria

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• #12

I do not run a business, so I do not deal with financial statements. The last time I did anything like that was back in high school.

 

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timewo

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I prepare financial statements only for myself and while filing the income tax returns if required since I have some training.

 

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Stardom22

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• #14

For me l bet that the financial statements are very important tools in the establishment of the successful businesses.

 

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Rubz

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• #15

I do not have a business of my own for now so i do not prepare financial statements. When i do, i will make sure to prepare financial statements because i believe they are very essential for a business.

 

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For now l can say that l really don't need them because l simple have no use for them.

 

cherry123

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• #17

I think it would be the best to always employ or hire a professional to help out with preparing your business financial statements

 

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Unyime

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• #18

Financial statement for a business? I don't. My personal financial statement? The bank prepares it for me.

 

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Passiveearner

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• #19

Financial statements are mostly prepared by accountants. However, most businesses hire accountants and many people prepare financial statements themselves. This requires financial knowledge.