Financial Statement

Question

I was wondering what the formatting for the financial statements was called. I need to find which one it is for school. 
 
 Thanks.

Erzsi_I · Answer

Hi Dan Ha , 
 Thanks for your question! The formatting for financial statements typically depends on the type of statement you're working on. In Sage 50, financial statements include the following: 
 
 Balance Sheet : Displays the company&rsquo;s financial position at a specific date, showing assets, liabilities, and equity. 
 Income Statement : Also known as a Profit and Loss statement, it summarizes the company&rsquo;s revenues, expenses, and profit over a period. 
 Cash Flow Statement : Shows the flow of cash in and out of the business over a period. 
 
 For details on how to generate and format these statements in Sage 50, you can refer to this helpful guide: Sage 50 Financial Statements . 
 Let us know if you need assistance with a specific statement or format for your school project! 
 Warm Regards, Erzsi 
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