“Show me the money” is a more appropriate line here than you may think, as money is at the core of a business, and the statements constitute a business’s financial center of gravity.

Business owners and managers at all levels need financial statements to have full knowledge of their business’s performance, but so do investors, creditors, government regulators and the Internal Revenue Service.

The three basic financial statements are:

The Income Statement, which is a summary of sales revenue (or income) and expenses that determines the profit (or loss) of a business for a certain period of time;

The Balance Sheet, which is a summary of a business’s assets, liabilities, and owners’ (or shareholders) equity that presents the financial position at the end of the period;

The Cash Flow, which is a summary of cash sources and uses for that period.

CWA will provide you with a set of accurate, timely and efficiently prepared financial statements both for internal and external use, as well as with a full set of financial statements ratios which can help you evaluate and compare a business’s current performance with its past performance or with another business’s performance.