What is A Monthly FinAncial Report

A Monthly Financial Report is a document that provides a snapshot of your company's financial health and performance month over month. It typically includes the three core financial statements: 

• Income Statement : Often called a Profit and Loss Statement, an Income Statement summarizes revenues, expenses, and the resulting net profit or loss for the month.
• Balance Sheet: Presents a company's assets, liabilities, and equity at a specific point in time, usually the end of the month.
• Cash Flow Statement: Tracks the inflow and outflow of cash, detailing how much cash is generated from operating, investing, and financing activities.