Answers the question:
How much is the company making after expenses?

This report outlines how much your sales bring in each month, quarter, and year. We can outline sales generally, or even outline them by projects and divisions, sometimes companies may like to know the portion of sales via credit card to evaluate transaction fees. This is the report that answers income questions as well as questions about how money is spent.

Answers the question:
How much is my company worth?

This report outlines your company assets (bank accounts, other savings, accounts receivable, equipment, furniture, etc.) and liabilities (accounts payable, shareholder loans, short term and long term financing, etc.) Once we know those two items, your equity (or company worth) is calculated.

Answers the question:
How do we ensure accuracy?

This report outlines each single transaction within your business accounts. It begins with how much money your business account holds at the start of the month and ends with how much money your business account holds at the end of the month. This is the part where you often hear 'correct to the penny'. That is the standard for accounts to be reconciled.