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ST B12/15 Umar Band (358 8110) TO: CITY MANAGER EXECUTIVE MAYOR SUBMISSION GROUP FINANCIAL SERVICES DEPARTMENT: MUNICIPAL FINANCE MANAGEMENT ACT (MFA): IN-EAR FINANCIAL REPORT ((MONTHLY BUDGET STATEMENT)
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01
Gather all relevant financial documents and records, including income statements, balance sheets, and cash flow statements.
02
Review and organize the financial information in a clear and systematic manner.
03
Begin by entering the date of the financial statement at the top.
04
Include the name and contact information of the individual or organization preparing the statement.
05
Start with the income section, where you list all sources of revenue for the specified period. This can include sales, services rendered, and any other income streams.
06
Deduct any costs of goods sold or operating expenses directly related to generating revenue.
07
Calculate the gross profit by subtracting the cost of goods sold from the total revenue.
08
Move on to the expense section, where you record all other expenses incurred during the period, such as rent, utilities, salaries, and marketing costs.
09
Include any non-operating income or expenses, such as gains or losses from investments or one-time events.
10
Calculate the net profit or loss by subtracting all expenses and non-operating items from the gross profit.
11
Enter the closing balance for any cash and bank accounts at the end of the period.
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Include any additional sections or information required by your specific reporting guidelines or industry standards.
13
Double-check all calculations and ensure that the financial statement is accurate and balanced.
14
Sign and date the financial statement to certify its completeness and accuracy.

Who needs per02aug 14monthly financial statementin-year?

01
Business owners and managers who want to assess the financial health and performance of their company.
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This financial statement is a report that provides a summary of financial activities for a specific month within a fiscal year.
Businesses and organizations that are required to keep accurate financial records and report to relevant authorities.
The statement should be filled out by recording all financial transactions that occurred during the specific month and ensuring accuracy.
The purpose is to provide an overview of financial performance and help in making informed decisions for the future.
Revenue, expenses, profits, losses, assets, liabilities, and any other financial data relevant to the specific month.
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