Small business owners must deal with numerous accounting reports to monitor their business’s finances and ensure its financial health. Profit and loss statements, accounts receivable aging reports and cash flow statements are just a few of the essential documents necessary for planning growth and staying on top of money matters. However, some small business owners may overlook the statement of shareholders’ equity ― part of the balance sheet ― while focusing on money coming into and leaving the organization. However, income shouldn’t be your only focus if you want a genuine idea of how your operations are faring.
We’ll explain more about the statement of shareholder equity and how it fits into your business’s overall financial picture.
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Donna Fuscaldo, Staff Writer
Donna Fuscaldo is a senior finance writer at business.com and has more than two decades of experience writing about business borrowing, funding, and investing for publications including the Wall Street Journal, Dow Jones Newswires, Bankrate, Investopedia, Motley Fool, and Foxbusiness.com. Most recently she was a senior contributor at Forbes covering the intersection of money and technology before joining business.com. Donna has carved out a name for herself in the finance and small business markets, writing hundreds of business articles offering advice, insightful analysis, and groundbreaking coverage. Her areas of focus at business.com include business loans, accounting, and retirement benefits.
