Sooner or later someone’s going to ask you, “So, how are we doing financially? Did we put that grant to good use?” They aren’t asking how much is in the checking account. They want to see three different statements:
Key Things You Need to Report
| | » | Income vs. Expense
-- tells us if we are covering our costs |
| » | Cash Flow
-- tells us if we can pay our bills (now). Learn more |
| » | Balance Sheet
-- tells us what we have right now |
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