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how to prepare financial statements of a company
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4 Answers
Interesting question and one that can't be answered quickly as it takes a few accounting classes to learn.
If you have a business, I can recommend QuickBooks. We use this in our business. It's an easy-to-use accounting program that will generate financial statements for you at the push of a button. Check them out here: www.quickbooks.com.
Your simple questions underlies a likely lack of any understanding of accounting. People go to college and graduate school to study this subject, where I have spent my whole career. You cannot ask a question this simple and expect a simple answer.
I urge you to contact an accounting or bookkeeping service in your area and contract with them to keep accurate books and records for you. An accounting system will not do this for you.
probably best to go to an accountant and ask them how they want you to do your books because in the end you take them back to them and they will provide you with all the reports you need. this way no mistakes and it will go better for you when its tax time because it was done by a professional accountant there is less likely to be an audit.
You can try using an accounting software like WorkingPoint. The premium version includes extensive and customizable reports on assets, accounts payable and receivable, inventory value and anything else you might for a complete picture of your revenue and expenses. www.workingpoint.com
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