Accounting Document Templates

Question & Answers related to Accounting Document Templates

• What are the most common financial documents?

  1. Income statement: also known as a profit and loss statement, this document shows a company's revenue, expenses, and net profit over a specific period of time.
  2. Balance sheet: this document shows a company's assets, liabilities, and shareholder equity at a specific point in time.
  3. Cash flow statement: this document shows the inflow and outflow of cash within a company over a specific period of time.
  4. Invoices: these are documents that are sent to customers to request payment for goods or services that have been provided.
  5. Purchase orders: these are documents that are sent to suppliers to request goods or services.
  6. Credit memos: these are documents that are issued by a company to provide a credit to a customer's account.
  7. Debit memos: these are documents that are issued by a company to request payment from a customer.
  8. General ledger: this is a record of all the financial transactions of a company, including those that are recorded in the income statement, balance sheet, and cash flow statement.
  9. Tax returns: these are documents that are filed with the government to report a company's income and taxes owed.
  10. Annual report: this is a document that is issued by a company to provide financial and operational information to shareholders and other stakeholders.