Reports for Whom?

Founders often wonder if they’re doing their reports right.

What they should be asking is this:

For whom?

• For a bank?

• For your board?

• For a potential investor?

• For better internal reporting?

• For the government for tax purposes?

• For the government for compliant contracting?

Here’s the thing:

All of these audiences have slightly different requirements for your accounting and reporting.

There isn’t one “right” way to do them; It’s the way that works for your company and for your audience.

So before you run off seeking GAAP compliance or some other fancy standard,

Ask yourself:

Who are your reports for?

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