I l @ ve RuBoard |
By now it's probably apparent that one of the reasons to maintain your financial books is so that you can see how you're doing in business. If you own a small business and either sell or produce products or provide a service to customers, you will want to know if you're making a profit, covering your expenses, or operating in the red or the black. The best way to see how you're doing is to create the following three statements:
Most home businesses don't have to do a complicated financial analysis to keep records straight. But there is an advantage in knowing your business' financial bottom line. What's the advantage? Financial reports tell you whether you are operating in the black or the red, whether you can spend or need to save, and whether or not you are traveling along the course you intended to follow. |
I l @ ve RuBoard |