Category Archives: Financial Statements

How To Retrieve Missing Tax Documents

Tax season is just around the corner and it’s time to start planning and organizing your prerequisites. For even the most avid of planners, some documentation required to file taxes are completely dependent on their employers and clients they’ve earned income with. Now’s the time to start researching about how to get those tax documents on time in order to receive your earliest refund or get that tax bill out of the way.  Many individuals will be faced with challenging, … Read more

Some Tips on Understanding The Statement of Cash Flows

statement of cash flows

Besides the Statement of Assets and Liabilities, or Balance Sheet, and the Statement of Income and Expenses, simply known as the Income Statement, there is the Statement of Cash Flows, which every business should have. It is of paramount importance in the financial health of a business, because it organizes and spells out your cash flow in direct terms. All three statements, in fact, work together to give you the whole picture of your business finances, but the Statement of … Read more