When it comes to small business accounting, most people know that it is important to keep your records updated for taxes. However, there are many more benefits from small business accounting that you can use to grow, improve and expand your business. Here are some of the most important accounting reports for your small business that you should know about.
- Profit and loss statement/income statement
- Balance sheet
- Accounts receivable aging
- Revenue by customer
- Accounts payable aging