Good-Guy
VIP Contributor
Maintaining proper accounts and records is one of the main and important thing a businessman or a person who runs a business does. The field of accounts is one of the vast fields when it comes to business. One of the important aspects of accounts is the financial statements in a business. Financial statements consists of maintaing a proper records of your expenses, income, profits, and other kind of records in your business. In short, they are a great way to analyse financial activities that are being conducted in your business. Usually, an accountant is responsible for maintaining such statements and records, but being an owner, it is always a great idea to have some idea about how financial statements work. Do you maintain such statements?