Free financial report templates
A financial report, also called a financial statement, is a formal record that depicts the financial position of a business at any given point in time. There are three vital financial reports that every business must generate to gauge its financial performance over the fiscal year.
The balance sheet
The balance sheet is a key financial statement that provides details about a company's assets, liabilities and shareholder's equity at any point in time. By comparing two or more balance sheets from different points in time, a company can know how much it has grown, making the balance sheet an excellent indicator of business growth.
The income statement
The income statement is also called the profit and loss statement, statement of operation, statement of financial result or income, or earnings statement. It is a picture of a company's income and expenditure. The income statement indicates whether a company has made a profit or loss for a given period.
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capabilities for business
