Business Finances -

Provides a snapshot of what the business owns (assets), what it owes (liabilities), and the owner's equity at a specific point in time.

Tracks the movement of cash in and out. It is critical for ensuring liquidity, as a profitable business can still fail if it runs out of cash to pay immediate bills. 2. Strategic Financial Planning business finances

Every business must master three core reports to understand its financial health: Provides a snapshot of what the business owns