A financial statement is a document that offers an in-depth view of a business’s financial status. It may focus on the business’s revenue, its expenses, or its investments. Whatever the focus is, the statement will include detailed information about the current status and future projections of the financial matter. PDFSimpli makes it easy to include visual representations such as graphs, too.
There are several key pieces of information that every financial statement needs to include. The most important is an indication of the company’s current financial status. Financial data such as bank account balances, average revenue sums, and projected expenses should support this status statement. Finally, a financial statement should identify any notable changes since the publication of the prior financial statement.
There are several different types of financial statements. One of the most common is a balance sheet, which summarizes the financial balances of a company or organization. An income statement is similar, but it details the company’s revenue compared to its expenses. A cash flow statement accounts for any fluctuations in the balance sheet. You can find all of these financial statement forms at PDFSimpli!
