Do you prepare financial statements?

[Passiveearner]

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?

 

[Springtime]

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.

 

[Stardom22]

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

 

[Shavkat]

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]

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

 

[eldavis]

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