While non-profit organizations are not concerned about showing a profit for investors, these entities still must report financial activities to board members and local, state, and federal tax agencies. Just like for-profit businesses, non-profits use financial statements to report revenue generated and expenses incurred, although they may have different names.
As a business owner or manager, you likely spend some time generating and analyzing financial statements. However,.
Although individual financial statements each provide different snapshots of financial health, all financial reports.
We often hear prospective clients come to us explaining they are in need of clean financials. Interestingly, this is.
Many small businesses reliably produce a set of financial statements each year, listing assets and liabilities,.