PROFIT SHEET -BALANCE SHEET-CASHFLOW STATEMENT

Description

Profit & Loss Sheet (Income Statement)

Captures a company’s performance over a specific period by summarizing revenue, costs, and expenses. It automatically calculates gross profit, operating profit, and net profit, helping you understand profitability and cost control.

Balance Sheet

Provides a snapshot of the company’s financial position at a specific date. It lists assets, liabilities, and equity, ensuring they balance (Assets = Liabilities + Equity). Useful for assessing financial stability and liquidity.

Cash Flow Statement

Tracks the movement of cash in and out of the business, categorized into operating, investing, and financing activities. It helps monitor cash availability, manage liquidity, and ensure the business can meet its obligations.