Preparing Financial Statements
Table of Contents:
How We Prepare Financial Statements
To end the cycle, you prepare the financial statement, which means getting the balance sheet, income statements, and cash-flow statements ready to review. That can be quarterly or annually, depending on how it works best for your company. To have a financial statement, you need to have extremely well-kept books following the generally accepted accounting standards. If you don’t follow the standards, you’ll have trouble during a financial statement audit.