6. What financial reports do I get, and when?

Each month, as part of Monthly Bookkeeping, you'll receive three monthly reports delivered as PDFs to your email inbox:

• Profit and loss account. Your income and expenses for the month.
• Balance sheet. What your business owns and owes at month-end.
• Cash flow statement. How cash moved in and out during the month.

Internal use: These three monthly reports are internal management reports intended for your own use. They're not an accountant's report on unaudited accounts.

Formal statements: Whenever you need formal financial statements for external parties such as investors or lenders, your UK chartered accountant is the right person to engage.

Next-day close: We aim to email you these reports by the end of the first working day after the end of the month.

Not a guarantee: It's a target we work to rather than a guarantee, and it depends on your records and bank feeds being complete. Working days exclude weekends and bank holidays in England and Wales.

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