Created11 days AGO
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.