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This text has been translated by auto-translation. There may be a slight difference between the original text and the translation. (Original Language: 日本語)
Finance / Insurance / Useful info
For Business Owners ! The Importance of Financial Statements and Accounting Bookkeeping
For business owners operating in the U.S., an accurate understanding of their company's financial condition is an essential component of their business strategy. In particular, the Balance Sheet ( Balance Sheet ), Income Statement ( Income Statement ), and Cash Flow Statement ( Cash Flow Statement ) are important indicators of the health of the business . This article explains the role of these financial statements and why daily accounting entries are important. In addition, we will discuss the relevance and differences between the financial statements and the end-of-year corporate tax returns (LLC, S-Corp, C-Corp, and Partnership).
What are Financial Statements
The primary financial statements, the balance sheet, income statement, and statement of cash flows, each contain different information and provide important measures of the health of the business along with the time period each document represents.
Balance Sheet ( Balance Sheet )
Main accounts:
Assets : Cash, accounts receivable, inventory, fixed assets, etc.
Liabilities : Accounts payable, debt, taxes payable, etc.
↓ To be continued !
https://www.hkstanfield.com/blog/ financialstatements/
Irvine Accounting Firm - U.S. and Japanese Taxation ・ Over 20 years of experience in accounting ! Company formation. Accounting services and financial statement preparation. Human Resources ・ Payroll.
- Posted : 2024/05/23
- Published : 2024/05/26
- Changed : 2024/05/23
- Total View : 420 persons
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