A report is a document that contains information that presents a particular aspect of a company's operations. Such reports can cover many aspects of the company, such as its assets and liabilities, revenues and expenses, and operations.
Types Of Accounting Report :
1. Balance Sheet : Balance sheet is the most essential report for any company. To bring balance to the tally of your revenue, it is important that you understand what all of your customers want. You should always be on the look out for ways to bring them more value. With this in mind, there are some activities you can perform to ensure that you are not overpaying for your services.
2. Income Statement in tally : The income statement is the most important financial document for companies and businesses. It summarizes the revenue and expenses of a company or business. While it is not very complex to read, it does require attentiveness and thoughtfulness to understand accuratel
3. Cash Flow Statement in tally : Cash flow statement is a useful way of predicting the cash flow of a company or an individual. Its importance will also be increasing in future as there are more and more business to business transactions that need cash. This helps in giving a better grasp on the profitability of a business.