Build clean statements, model debt payments, and track depreciation with accurate accounting tools.
The core statements are the balance sheet, profit and loss (income statement), and cash flow statement. Together they show profitability, liquidity, and financial health.
Most businesses update monthly. High-growth or cash-sensitive companies update weekly to monitor runway and expenses.
Depreciation spreads the cost of tangible assets (equipment, vehicles). Amortization applies to intangible assets (software, licenses, goodwill).
APR includes fees and gives a truer cost of borrowing. Use the nominal interest rate for payment schedules and APR for comparing lenders.