Entrepreneurs should prepare their own financial statements and NOT use financial software because they need to fully understand how the numbers were generated.

Question

Quizplus · Accepted Answer

While it is important for entrepreneurs to have a strong understanding of their financial statements, using financial software can actually help them generate accurate and reliable statements. The software can help automate calculations and provide financial insights, allowing entrepreneurs to focus on analyzing and utilizing the data, rather than spending time on manual calculations. However, it is still important for entrepreneurs to regularly review and understand their financial statements, regardless of how they were generated.

Entrepreneurs Should Prepare Their Own Financial Statements and NOT Use