Financial statements are a collection of reports about our chapter's financial results, financial condition, and cash flows. They are useful for the following reasons:
-To determine the ability of a business to generate cash, and the sources and uses of that cash.
-To determine whether a chapter has the capability to pay back its debts.
-To track financial results on a trend line to spot any looming profitability issues.
-To derive financial ratios from the statements that can indicate the condition of the chapter business.
--To provide an accurate audit on a yearly basis.
Any questions regarding the monthly statements please refer them to the Chapter Treasure.