Financial statements is something you need to review every year, but also every month. This goes above more then just checking your business bank account once and moving on with your life. In this episode, I breakdown the 5 financial statements you need to understand and be reading on a monthly-basis to get a better understanding of your business. Those statements are the:

1. Profit & Loss By Month Report
2. Balance Sheet - Year-to-date
3. Statement of Cash Flows - Year-to-date
4. Accounts Receivable Aging Summary (Accrual Businesses only)
5. Accounts Payable Aging Summary (Accrual Businesses only)

These statements will give you everything you need to know to grow your business. If you're bookkeeper isn't sending these statements over, find someone who will!!!!

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