Financial Statements

Your financial statements are the first defense against financial problems and the first alarm bell when you’ve already hit one. 

A financial statement summarizes all of your financial activities. There are three statements to be aware of: balance sheet, profit and loss, and cash flow. 

When you use all statements together, you can summarize your assets, liability, revenue, and expenses. Investors, financial advisors, and founders tap into the business' financial statements to better understand financial health. 

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