3 Basic Financial Statements You Should Know ??
No matter if you're just sprouting as a Pre-Seed or soaring high at Series C, your financial statements are the heartbeat of your company's financial well-being. But let's face it, generating and deciphering them can be a real challenge for most founders.
In this week's newsletter, we’re diving into the most common (and important) financial statements to know about.?
Get ready to make numbers your new best friend!
3 Basic Financial Statements?
Regardless of your startup’s size or long-term strategy, you’ll need to review three basic financial statements on a regular basis. Those statements showcase the overall health of your company, and your accounting decisions can change the overall picture you’re presenting.?
The 3 primary financial statements in accounting are the profit and loss (or income) statement, balance sheet, and cash flow statement. We’ve introduced these major financial reports in previous blogs, and we’ll link to those pieces throughout this article.
Whether you’re founding a startup or jumping on board at a promising company, these reports play a vital role in your finances—and Zeni’s expert team can help you generate the 3 financial statements more accurately. Here’s what you need to know.
Generate Your Statements In One Click
Need quick and accurate access to monthly reports on your P&L, Balance Sheet, or Cash Flow? Access everything you need in Zeni’s Reports tab, whether it’s a snapshot, an itemized list, or a detailed report. You can even customize the reports further by adjusting the period, or adding unique columns like the rolling 12-month average.?
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More On Financial Reports
Your gross profit is included in your P&L statement. When calculating profitability, you need to ensure that you are properly using the gross profit margin formula. Learn how to do it in this article.
If you're new to accounting or finance, understanding financial statements can be quite challenging. This article will help you grasp the basics, use practical tips to assess your business's health, and find ways to improve it.
Operating expenses determine how much you spend on the day-to-day business operations. This blog covers why operating efficiency must be a top priority for startups.
You Ask, We Answer
From last week’s newsletter — Startup Bookkeeping 101 ??
Have A Question About Financial Statements?
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