| Financial Snapshot Report |
Analyze key financial metrics, trends, and insights derived from the main financial statements. This report provides a quick overview of your small business's financial health, enabling you to identify areas of strength and potential challenges. Understanding your financial snapshot is essential for proactive decision-making and strategic planning. While a bookkeeper may generate this report, it’s not the only report provided.
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| Monthly Financial Snapshot |
Get a detailed, month-by-month overview of your small business's financial performance. This report allows you to track progress, identify seasonal trends, and make timely adjustments to your business strategy. Analyzing your monthly financial snapshot is crucial for maintaining consistent growth and profitability.
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| Financial Snap Graphs |
Visualize your financial data with easy-to-understand graphs and charts. This report provides a clear picture of your small business's financial trends, making it easier to communicate financial information to stakeholders and make data-driven decisions.
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Income Statement
(Profit and Loss Statement) |
Gain insights into your small business's revenues, expenses, and profitability over a specific period. The income statement, also known as the profit and loss statement, is a fundamental financial report that helps you assess your business's financial performance and identify areas for improvement. This is the only report generated by the bookkeeper.
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| Balance Sheet |
Understand your small business's assets, liabilities, and equity at a specific point in time. The balance sheet provides a snapshot of your company's financial position, allowing you to assess its stability and solvency. Rarely, if ever, generated by bookkeepers.
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| Statement of Cash Flows |
Analyze the inflows and outflows of cash in your small business. The statement of cash flows helps you understand how your business generates and uses cash, which is crucial for effective cash management and financial planning. Rarely, if ever, generated by bookkeepers.
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| Performance Ratios |
Assess your small business's financial health and performance using key performance indicators (KPIs) and ratios. This report helps you identify trends, benchmark against industry standards, and make data-driven decisions to improve profitability and efficiency.
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