growthforce financial statement pix
Do you have confidence in your financials? Naturally, you should be able to answer "Yes", absolutely and without a doubt. The reality for many businesses, however, is that things aren't always as they seem.
Inaccuracies in financial reporting can occur for any number of reasons – human error, blatant dishonesty and accidental misinterpretation of the numbers are just three of the many reasons your financial records could be out of order.
When it comes to accounting, there are two foundational financial statements that have their tales to tell: balance sheets and income statements. Each one has its own role in your company's story, and they work together to create the bigger picture.
HERE, GrowthForce's president and CEO Stephen King gives you a quick look at each of these financial statements and the cautionary tales they can reveal.