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The bank wants to make sure they can get their money back.
The employees want to make sure they can get paid
Suppliers care about making sure you can buy the products.
The government cares fro tax reasons.
General public may turn into investors or lenders and or customers.
It can help you figure out what is going wrong so you can fix it.
Make sure your data is up to date, Relevant and accurate. Income statement is how much money you make and how much you spend, Cashflow is where the money goes and where it comes from. Change in equity just shows how much equity has changed. Budget works out future events. Assets are things that matter to your business. Margins need to be though of, Amount between cost and profit. WE need income statement and proposed assets and liability (Loans and so on) 9.5% IS SUPERANNUATION percentage.
Revenue streams are the ways you get money in.
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