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Behind On Your Books,
Business Owners?

Let Me Rescue Your Financials Today!

Behind On Your Books,
Business Owners?

Let Me Rescue Your
Financials Today!

4 Important Uses of Financial Statements

by | Mar 31, 2023 | Accounting, Bookkeeping

Owners and Executives who know what they’re doing swear by the use of financial statements. 

Financial statements reflect your company’s financial performance. It shows profits, liabilities, and more. And, it is a track record of how successful (or unsuccessful) an Owner’s or Executive’s decisions have been over time. 

So, if you want to grow your business and scale your company, a spot-on, accurate financial statement is the key to making informed decisions. 

I’m your local, expert outsourced accounting department for a third of the cost. 

With more than 15 years of experience, I deliver spot-on, accurate reports weekly, monthly, quarterly, or whenever you’d like so you know exactly where your business stands. 

This is where Local Accounting Services can help you a ton with your accounts payable system and processes.

As your Outsourced Accounting Department, I’m going to share the four important uses of financial statements so you can grow your business, scale your company, and keep your books from becoming a mess. 

Why Are Financial Statements Important?

Financial statements perform a variety of important functions in a business. 

First, they reflect the success and health of your business. They also share important financial information that help Owners and Executives make decisions. And,  they act as a “track record” for the success or failure of the company. 

Here are 4 Important uses of Financial Statements in YOUR business: 

#1. Bridging the Gap in Management

The past, present, and future are wrapped up in your financial statements. So, when you’re looking at a statement, you’re looking at the financial history and trajectory of your operation. This means that if there are any lapse in judgment or hiccups, you can see them at a high level on the financial statement.

Primarily, you’re able to see the gap between management and owner expectations. 

#2. Availing Credit from Lenders

Most companies need to borrow funds to function at some point in time. They rely on lenders to get from now to tomorrows–or next week. This means that financial statements play a huge role in how much these companies can borrow. If you have spot-on, accurate financial statements, banks are more likely to give you a loan versus an operation how has scattered, inaccurate reports. 

Get your financial statements right and you can open up a ton of upside opportunity for your business. Smart Owners do this all the time. 

#3. Use for Investors

Looking for investors? Financial statements hold the secret to getting more investors for your company. The better your company’s financial position, the more likely investors are willing to risk their capital on your operation. 

Keep your financial statements spot-on and accurate to create opportunities for investors. 

#4. Use for Government

The government, IRS, and other bodies depend heavily on financial statements. Your statements show how your operation is functioning from a financial standpoint. How your financial statement reads helps the government and IRS determine taxes and regulatory policies. 

This is why having an Outsourced Accounting Department in your corner is so beneficial. They manage your reports, as well as help you reduce tax obligation–legally.

How Do I Hire Virtual, Outsourced Bookkeeping & Local Accounting Services?

Hire me, your Local, Master Outsourced Bookkeeper & Expert Virtual Accountant, today.

I bring your books current the very first time. Bringing back months and years!

I deliver accurate, spot-on reports weekly, monthly, quarterly, or whenever you like without fail. 

And, I help you forecast your financial future so you can know exactly where your business stands financially. 

Don’t let behind books and inaccurate accounting get in the way of growing your business.

Hire me, the Top Rated Local® Master Bookkeeper & Expert Accountant, to rescue your books now!



I am so happy I found Kendra and her bookkeeping and CPA services! They have been so efficient, reliable, friendly and accessible. I was previously with another company for 30 years and do not regret making this change.

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My company engaged Kendra for bookkeeping and accounting services and I am very happy that we did. Kendra is a pleasure to work with and always accommodating via phone or on our Zoom meetings.

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Furever Bookkeeping has been our financial savior. Our small business went through several bookkeepers before hiring Furever Bookkeeping. Furever Bookkeeping has been responsive, adaptable, and provided excellent communication throughout the pandemic. The level of customer service we have experienced is unmatched for a small business such as ours.

-Orman M.



Kendra brought years of my business’s financials current and balanced my books quickly. She and the whole furever bookkeeping squad know what they’re doing. Helped my business exponentially.

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Kendra served as our law firm’s outside, independent bookkeeper. When she started working for us she inherited financial books that were a complete mess. She was able to straighten them out and, since then, has kept our books accurately and complete. I can ask her at anytime where we stand financially and she can tell me instantly. She is very personable and a delight to work with. During her tenure working with us, even though she was an independent contractor, she became our firm’s CFO. I do not hesitate to recommend her.

-Fred P.



The entire Furever Bookkeeping team helped my Consulting Firm and me streamline our Accounting system using technology for efficiency sake. This saved us a ton. Kendra and her team are gems.

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Kendra has been instrumental for our business. If you are looking for an accounting team that is professional, timely, and great at communicating call Furever Bookkeeping. They were a life saver for my company!

-Renee D.



Kendra’s team is top notch and reconciled back years under budget. Thanks to the entire team. We continue to grow as a direct result of her knowledge and strategy.

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Kendra Moore
Owner/Master Bookkeeper
Expert Accountant

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Our clients range in annual revenue from $200K up to in excess of $75M+. Simple or complex financials across MULTIPLE industries are our Core Capabilities.

About Me

Furever Bookkeeping & Accounting Services brings 15+ years of Expert Bookkeeping & Master Accounting to each of our clients. Kendra Moore and her team have over 37 years experience in: Bookkeeping & Accounting. Serving MD, VA, DC, DE, PA & Surrounding Areas.

Our Certifications

We are approved Accounting & Bookkeeping Federal Government Contractors, DUNS #079524284, as well as for the State of Maryland, NAICS #541219.

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