Transaction management and account reconciliation make financial reporting possible. If your transactions or accounts are messy, your financial reporting will be incorrect.


Why Financial Reporting Matters
Financial reports (like profit & loss or balance sheets) show the full picture of your business money.

• You see if your business is making or losing money.

• It helps you plan for growth and avoid surprises.

• You need it for taxes—so nothing gets missed.

• Banks, lenders, or investors may ask for reports before giving loans or support.

• It keeps you in control of your business finances.

• Empowers you to make strategic decisions for your business with clarity.
  

Think of it like a report card for your business—you can’t know how you’re doing unless you see the grades!