It is best to prepare your financial statements at least once a year, ideally when drawing up your budget.

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It is recommended to prepare financial statements at least once a year, ideally when creating a budget. This allows for a comprehensive view of the organization's financial health and can help identify areas for improvement or potential issues. However, financial statements should also be updated regularly throughout the year to ensure accuracy and provide timely information for decision-making.

It Is Best to Prepare Your Financial Statements at Least