In my business, I track several key reports: balance sheets, profit and loss statements, accounts receivable aging reports, and cash flow statements. These reports provide a full picture of a client’s financial health. Once prepared, I share these reports directly with my clients, ensuring they’re not just accurate but also easy to understand, so my clients can use them to make informed decisions.

One report I rely on heavily is the cash flow statement. By breaking down cash inflows and outflows, I help clients understand if their business has enough liquidity to meet obligations and plan for growth. Recently, a client was considering expanding their operations but wasn’t sure if their cash flow could support it. With a detailed cash flow analysis, I showed them where adjustments could free up capital, giving them confidence to move forward without jeopardizing their finances.