Simple Accounting Worksheet For Midwives Page 20
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21Instructions: Simple Accounting Worksheet
Midwife Schedule of Financial Reporting
Name of
Description of the
Where You Get the Information
When The
Statement
Statement
Statement Should
Be Compiled
Simple Accounting
A record of ALL your
This is a record of all your transactions. Everyday you
Everyday
Worksheet
businesses’ financial
need to record when someone pays you, when you pay
transactions
for something, receivables, and payables.
Income Statement
Captures the revenues
The information for the income statement comes from the
Monthly
and expenses of your
Accounting Worksheet. At the end of every month you
business for a specified
can take the total amounts recorded in your Worksheet
period of time
income statement columns and transfer this to the income
statement.
Balance Sheet
Is a picture of everything
The information for the balance sheet comes from the
Monthly
the business owns, has,
Accounting Worksheet. At the end of every month you
and owes on a specific
can take the total amounts recorded in your Worksheet
day
balance sheet column and transfer this to the income
statement.
Cash Flow
A record of the inflow and
The information for the cash flow statement comes from
Weekly/Monthly
Statement
outflow of the businesses’
the Accounting Worksheet. At the end of every month
cash
you can take the total amounts recorded in your
Worksheet cash in and cash out column and transfer this
to the income statement.
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