The three major financial statements required under Generally Accepted Accounting Principles (GAAP) are often enough to evoke sheer terror from even the steeliest entrepreneurs – and it’s no surprise why. GAAP or “accrual basis” financial statements can make-or-break your ability to make educated decisions and plan strategically for your business.
Need more funds to expand your business? Look no further than financial statements to weigh your debts, shareholders’ capital, and other loans you’ve taken to decide which type of financing is optimal. READ MORE