The financial statements you produce for your company are the fundamental documentation that helps prospective investors or banking institutions to understand the stability and viability of your business when you are looking to attract investment.
These statements are also vital to communicating the profit or loss as well as the proper use of funding to shareholders and business partners. Having your financial statements in the correct format and style is crucial to allow others to be able to read these documents.
However, without having expensive auditors and accounting specialists in your employ or at least contracted to your company, it could be a significant challenge to produce these documents. The solution is Business-in-a-Box, our business templates have all the necessary financial documentation you need to produce proper financial statements and related documents for your business.
Your company uses its financial resources to perform the daily tasks of your sector of business, and the proper presentation of these results form a vital part of your corporation’s future planning. Without presenting proper audited financial statements your business might not be able to continue operating in the business marketplace. These statements are made up of various documents and the formatting of these documents must comply with the regulated statutes and standards of the accounting fraternity.
Regardless of which jurisdiction your business operates in, these accounting principles are mostly the same and they are used for the sourcing of funding and providing your shareholders with the reports and information that you have been doing a great job as officers of the corporation.
Running a business requires the combination of various moving parts like staff, product, and marketing initiatives but all these factors need a sustainable foundation based on financial stability. This means that your company needs strong financial grounding to grow and function in the business world. The only way to do this is by having proper financial statements with which to show banks and investors that you can apply their funding to make the company grow with their funding. This is also true for showing that your business is using the available funding in the correct manner, making sure that the money is going to the right initiatives and delivering on forecasting and projections.
The financial industry uses standardized reports and documentation to provide the financial standing of your business, Business-in-a-Box provides you with expertly designed templates that have been created by accounting specialists with the help of lawyers to make sure that when you use our templates you get the best financial statements for your business.
These documents provide the following information about your business:
The use of financial statements as a management tool is well known in the business arena, they provide the vital information that you need to make decisions on where to steer the company as director or CEO. There are 3 core financial statements that are used by executive management to guide a corporation is the right direction:
Global statistics show that very few new businesses make it through the first 36 months of trading and often the reason for this is the incorrect financial management of the business. That does not mean that the business is not a good business, it is just that no proper financial principles were applied in the day-to-day management of the business.
Business-in-a-Box believes that all businesses should get the best opportunity to prosper and so we have created a database of business templates that will give you the ability to manage your business finances in the best possible manner. Our Financial Statement template catalog is designed by lawyers and accounting specialists and will give you the freedom and certainty to manage your company successfully.Sign upto get your financial statements and more than 1900 other business templates that will make the running of your business a dream.