CreatedThursday, February 13,2020 at 12:28 PM
Owners spend years amassing the knowledge and experience necessary to become masters at their craft. Passion for the work and the satisfaction of helping clients is what drives them – not necessarily administrative tasks like financial accounting and reporting. Yet, even when a trusted outsourced business partner manages back-end financials, it’s still important for company leaders to understand the need for these reports and to have a clear understanding of how they reflect – and can impact – the company’s operations. Let’s look at a key report, the financial statement, and demystify its purpose.