A business plan outlines the company's goals, strategies, and operational plans, helping to guide business growth and success.
The balance sheet shows the company's assets, liabilities, and equity at a specific point in time, providing a snapshot of its financial position.
Project cost management involves estimating, budgeting, and controlling costs to ensure the project is completed within the approved budget.
Effective cash flow management ensures that a business has enough liquidity to meet its obligations and invest in growth opportunities.
Accurate financial records are crucial for legal compliance, tax reporting, and informed financial decision-making, contributing to the overall success and sustainability of the business.
