The different financial statements available, by bookkeepers for small businesses in Sydney

In this article, our bookkeepers for small businesses in Sydney will tell you the 5 different types of financial statements that will be available for you if you hire a small business bookkeeper.

The five different financial statements include:

  • Income statement: reports the company’s net income for the period
  • Statement of comprehensive income: is made up of a corporation’s net income and comprehensive income
  • Balance sheet: is a report of a company’s assets, liabilities and equity
  • Statement of stock holders’ equity: lists the components of stockholders’ equity, their balances and the changes that occurred during the period recorded
  • Statement of cash flow: is a recording of the businesses inflows and outflows of cash for the period

5 simple statements that have the ability to tell you everything you need to know about your business. So feel free to contact our bookkeepers for small businesses in Sydney and let us take care of your accounts!