Download Using the Accounting Wizard
Transcript
ACCOUNTING REPORTS FINANCIAL REPORTS Financial Reports Financial Reports are Profit and Loss, Balance Sheet, and Statement of Cash Flow. The following explains each report. Profit and Loss: View summarized or detailed reports for the business. Profit and Loss reports are also called “Income Statements”; they show your income (also called revenue or sales), costs, expenses, and profitability for a time period. It shows how well the company is performing. 68