A Balance Sheet Report Template or (A financial Statement) is a record of the financial activities of business or other entity. Balance Sheet Report meant to present the financial information of the business, entity in question as clearly & concisely as possible for the both business & for reader. The Balance Sheet Report shows the record of transaction made during a year by the company. It includes the balance sheet, income statement and statement of cash flows. The users of the Balance Sheet Report are investors, shareholders, an employee, owner and manager totally depending upon its reliability, relevance and comparability. The Balance Sheet Report may be required when the company has the intention of taking the loan from the bank. The components of the financial reports are assets, liabilities, income and expenses. The audit is only possible when the entity has its all financial reports. The financial report can include information on debt, going concern and accounts.
Balance Sheet Reports are often audited by government agencies, accountants, firms etc to ensure the accuracy & for safe tax, financing, investing purposes. Financial Statement are integral to ensuring accurate & honest accounting for the businesses and individuals alike.
Balance Sheet Report for the Business usually included following reports,
Below you can download the free Latest Balance Sheet Report Template: