The Importance of Accurate Financial Statements

DEDHAM, Mass. - July 20, 2016 - PRLog -- Part-time Chief Financial Officer Michael Barbarita emphasizes the significance of financial statements in his latest blog post.  Drawing on his many years of experience performing CFO Services, Michael writes that too many business owners have inaccurate financial statements.   With that in mind, Michael compiled a list of things that having accurate financial statements can help the business owner with such as:

·Making better business decisions

·Getting bank  financing and obtaining leases

·Keeping bank financing

·Selling the business

·Performing better financial analysis

·Having an effective estate plan

·Shareholder buyout or disputes

·Employee Stock Ownership Plans

·Litigation or Divorces

·Shareholder Buy and Sell Agreements

Having accurate financial statements can go a long way in alleviating the potential issues that may arise as a result of the events listed above.

The full blog post can be found at http://cfo-chief-financial-officer.blogspot.com/2011/08/cfo-services-financial-statements-and.html.