What are Financial Statements and why do I care?
Let’s get to the most important part first, namely why you should care about your financial statements. Your financial statements show how your business is doing, they provide various ways to measure goals and output, and, if you don’t know what’s going on in your business, they will show you. Most significantly, they will let you know if you are making money. Your financial statements will help you answer questions like: Can I hire a new employee? Do I have enough money to pay my bills? Can I spend this money on new computers? Am I reaching my goals for…