The 5 Most Important Accounting Reports for Your Small Business
- 3 years ago
When it comes to small business accounting, most people know that it is important to keep your records updated for taxes. However, there are many more tips for small business accounting that you can use to grow, improve and expand your business.
Here are some of the most important accounting reports for your small business that you should know about.
Profit and loss statement/income statement:
Balance sheet:
Accounts receivable aging:
Revenue by customer:
Accounts payable aging:
Paying late can sour relationships and may lead to late fees and other costs. Just pay on time. You might even get an early payment discount from some vendors. That’s a big win-win!
Here are some of the most important accounting reports for your small business that you should know about.
Profit and loss statement/income statement:
Balance sheet:
Accounts receivable aging:
Revenue by customer:
Accounts payable aging:
Paying late can sour relationships and may lead to late fees and other costs. Just pay on time. You might even get an early payment discount from some vendors. That’s a big win-win!