Bookkeeping is essential for helping you maintain accurate financial records. Yet, many businesses fail to implement this necessary process. Besides the fact you are required under law to keep specific books and records, doing so will save you frustration later on. 

The financial statements are used by investors, market analysts, and creditors to evaluate a company's financial health and earnings potential. The three major financial statement reports are the balance sheet, income statement, and statement of cash flows.

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