The frequency of financial statement preparation depends on the company’s needs and regulatory requirements:

  • •Monthly or Quarterly: Many companies prepare interim statements to monitor performance, manage cash flow, and meet stakeholder expectations.
  • •Annually: Annual statements are required for corporate tax filings and shareholder meetings.
  • •On-Demand: Statements may be needed when seeking financing, pitching to investors, or during mergers and acquisitions.

Regular preparation helps businesses stay informed about their financial position and respond proactively to challenges.