Are you wondering whether or not you need to prepare and maintain financial statements when your business is profitable? The answer to this is yes. Business owners might be convinced that their business is doing quite well but will need evidence for stakeholders, including investors, creditors, shareholders, government agencies, and, of course, peace of mind. Feeling successful is eminent, but the preparation of financial statements and seeing the facts & figures proves your success is empowering. Better Decision Making Financial statements are requisite when it comes to making crucial business decisions. Business owners examine various other information than bank statements whenever considering whether they can afford to invest back into their business or not. Financial information gives a clear and accurate visual of how the company is currently doing, so the business owners have a means of monitoring their company's progress and recognizing growth opportunities. More On-ti