Choose your...

Country Language
Secure online accounting
that saves you time
90% off for 6 months
Buy now
Buy now and get
90% off for 6 months
See plans & pricing
for 12 months
When purchased in bundles of 10
50 %off for 3 months
50 %off for 12 months
  • Invoices
  • Expenses
  • Reports

What are Financial statements?

Financial statements (Definition)

Financial statements refer to a set of reports that show how a business is performing financially and all business activities related to running the business. These statements are used by accountants to prepare tax reports or government agencies for auditing purposes. This information provides accuracy for tax purposes and allows a business to invest accordingly or seek financing. Financial statements include the balance sheet (which shows assets, liabilities, and equity), income statement (provides revenue and expenses and net income for a set period) and cash flow statement (shows how well a business generates revenue in order to pay operating expenses, fund investments and pay any outstanding debt).

Ready to run your business better with QuickBooks Online?