Financial reporting is the process of preparing and publishing financial statements that provide information about a company's financial performance and position. Financial reporting is based on accounting principles and standards, which provide a framework for the consistent and comparable reporting of financial information.Financial reporting is important for a company because it provides transparency and accountability to its stakeholders, such as investors, creditors, and regulators. It also helps the company to communicate its financial performance and position to these stakeholders and make informed decisions.
What is Finanshels?Setting up a good small-business bookkeeping system can be an involved process, especially if you’re not an experienced bookkeeper. Rather than spending enormous time and effort on getting your books up and running, consider turning to Finanshels for help. We’ll set up your bookkeeping system to ensure that your business is starting off right – and we’ll save you a huge amount of stress.Want someone to help you organize your bookkeeping system? Try Finanshels
