Financial Statements Archives | Bookvalu
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Financial Statements

Running a Small Business is anything but easy. As a Small Business Owner the majority of your time is spent just trying to keep the lights on and fighting the next fire. But there comes a time when every owner needs to decide whether or not they will and can grow their Small Business. But exactly how to grow your small business is challenging.
Financial Analysis to many Small Business owners comes across as rocket science or overly complex. Well, that doesn't have to be the case.
The Cash Flow Statement is perhaps the most telling Small Business financial statement. It's telling because the Cash Flow Statement measures all of the cash inflows and outflows of your business.
The Balance Sheet is a critical financial statement for a Small Business and deserves your time and attention as a Small Business Owner. Think of the Balance Sheet as a summary of a company's financial activity.
As a Small Business Owner, you have likely encountered an Income Statement, or as it's also known a Profit and Loss Statement. But, what is an Income Statement?