Business Financial Statements in Louisville, Kentucky
If you own a business, you know if you need to borrow money from your bank, they will ask you for your business's Financial Statements. Whether your bank asks you for Financial Statements or not, a Profit and Loss Statement can be one of the most beneficial pieces of information a business owner can have. A Profit and Loss Statement provides business owners with information about how their business is performing.
Many of our business owners have us prepare their Financial Statements for them. They provide us with their business bank statements, check journals, and credit card statements each month. We balance their check book and prepare a Balance Sheet as well as a Profit and Loss Statement. These statements provide the information business owners require to make educated business decisions.
We encourage all business owners to do this. You cannot make good business decisions if you do not have the information about how well your business is performing.