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  1. Financial Statements for Small Businesses: Tips

    • Financial statements provide a formal record of an organization’s financial activity, its current financial status and an idea of how well it may (or, may not) perform in the future. Financial statements can … See more

    Why Is A Financial Statement Important?

    Financial statements(opens in new tab)include all of a small business’s operational results, its current financial position and its current cash flow. Financial statements … See more

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    What Should Be Included in A Financial Statement?

    Business owners and their accountants use income statements, balance sheets and cash flow statements to analyze a company’s financial performance. The income stat… See more

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    How Do I Write A Financial Plan For My Business?

    You can create a financial plan whether you’re just launching your business, preparing to expand it in some way or readying to pursue a new source of funding. Using the fi… See more

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  1. Sample financial statements for small businesses include12:
    • Balance sheet templates, which show the assets, liabilities, and equity of a business at a given point in time.
    • Income statement templates, which show the revenue, expenses, and profit or loss of a business over a period of time.
    • Cash flow financial statement templates, which show the inflows and outflows of cash from operating, investing, and financing activities of a business over a period of time.
    • Business startup costs templates, which show the estimated expenses and sources of funding for a new business venture.
    • Business budget financial statement templates, which show the planned revenue, expenses, and cash flow of a business for a future period.
    • Break-even analysis financial statement templates, which show the level of sales or output that a business needs to achieve to cover its fixed and variable costs.
    • Depreciation schedule financial statement templates, which show the amount of depreciation expense for each asset of a business over its useful life.
    • Petty cash log templates, which show the transactions and balances of a small amount of cash kept on hand for minor expenses.
    Learn more:

    30 Free Financial Statement Templates for Small Businesses

    • 1. Balance Sheet Templates ...
    • 2. Income Statement Templates ...
    • 3. Cash Flow Financial Statement Templates ...
    • 4. Business Startup Costs Templates ...
    www.doctemplates.net/free-financial-statement-te…

    Using this information, you can figure out how to prepare several examples of financial statements:

    • Sales: $3,200,000
    • Cost of goods sold: $1,920,000
    • Gross Profit: $1,280,000
    smallbusiness.chron.com/examples-accounting-fin…
     
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