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Share your comments and insights about this discussion post. As a small business owner in today's...

Share your comments and insights about this discussion post.

As a small business owner in today's economy the three financial reports I would use on a daily basis would include a balance sheet, an income statement, and a cash flow statement. The balance sheet would tell me what my business is worth by including the businesses assets, liabilities, and equity. It could help me make decisions regarding the profits of my business. The income statement would tell me what I earned and what my expenses are to operate my business. This would allow me to make decisions to help my company run more efficiently. The cash flow statement would include records of the cash coming into and flowing out of my business as well as a summary of total cash available. This statement could help me decide to continue or stop certain services offered by my buisness.

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ekkarill92 answered 1 year ago
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