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The Complete Idiot's Guide® To Accounting > Part 5: Putting On a Show - Pg. 219

Part Putting On a Show 5 After you've closed the books, you'll want to prepare statements that show how well your business is doing. You'll need these for internal management as well as to provide necessary information to financial institutions and investors who provide financing for your business. You'll also need to report your business activities and payroll matters to governmental agencies.