Why do I need Financial Statements?
Having financial statements at your fingertips can give your business the edge it needs to obtain financing. Financial statements are a necessary tool in analyzing your company’s financial position for decision-making purposes. They can be distributed to lenders, creditors, and investors to evaluate financial performance and business value. Internally, they are used to monitor and manage the organization’s fitness and cash flow.
Financial statements might also be required annually by your financial institution after solidifying financing for your business.
The main four financial statements are:
– Income Statement (Profit & Loss)
– Balance Sheet
– Cash Flow Statements
– Statement of Shareholders Equity
DAK-Tax professionals work closely with you in the preparation of financial statements. We will help you learn to analyze the information and understand your numbers.