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.

 

[You]

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

 

[Kera]

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]

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.

 

[Sawe]

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.

 

[timewo]

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]

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.

 

[timewo]

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

 

[Stardom22]

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

 

[Rubz]

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.

 

[Ratine]

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

 

[cherry123]

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

 

[Unyime]

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

 

[Passiveearner]

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