Reports and Statements
Keep yourself updated on your company's financial performance
By Roselyn1 author6 articles
- Income Statement (P&L)Learn what an Income Statement (P&L) is, how to read it, and why it's crucial for tracking your business's profitability and health.
- Balance SheetLearn what a Balance Sheet is, what it contains, and why it's a critical tool for understanding your company's financial health.
- Cash Flow StatementLearn how the Cash Flow Statement tracks cash from operating, investing, & financing activities to show your company's true liquidity.
- General LedgerLearn what the General Ledger (GL) is, the master record of all financial transactions, and how it's used for troubleshooting and audits.
- Trial BalanceA guide to the Trial Balance, the internal report that verifies your books are balanced by confirming that total debits equal credits.
- Impacts of Cash Basis AccountingLearn the difference between cash & accrual accounting and how using the cash basis method affects your P&L, Balance Sheet, and reports.