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Financial Reports
It is the process of using financial statements that disclose financial data demonstrating the financial health of the organization during the specified period. This information plays an essential for management to make decisions concerning the future of the organization. It is crucial for capital providers such as investors and creditors about business profitability and financial stability. Bookkeeping Geeks allows senior management to share the success of the past and future expectations of the company.
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Benefits of Financial Reporting:
Demonstrate Financial Conditions
Supports Forecasting and Decision Making
Mitigate Financial Errors
Examining Cash Flow
Reduces Tax Burden