Balance sheet is a financial statement that shows the assets, liabilities, and equity of a company at a specific point in time. This statement provides a snapshot of a company's financial position.
An income statement is a financial statement that shows the revenues, expenses, and profits or losses of a company over a specific period of time. This statement helps startups measure their financial performance.
A cash flow statement shows the inflows and outflows of cash for a company over a specific period of time. This statement helps startups understand their cash position and cash flow trends.