What templates are included in the financial reporting package?
This package includes templates for balance sheets, income statements, and cash flow statements. These are the three fundamental financial statements every business needs.
The balance sheet provides a snapshot of the company’s financial health at a specific point in time. It helps with financial modeling, budgeting, and managing cash flow by detailing what the company owns (assets), what it owes (liabilities) and how much has been invested into the company (equity).
An income statement, otherwise known as a profit and loss (P&L), is a record that measures and shows all the revenues and expenses a company incurred during a specific period of time.
A cash flow statement summarizes the movement of cash in the company. It describes operating activities, investing activities, and financing activities.
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