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New Accounts Only DO NOT USE FOR RENEWAL New Accounts On y DO NOT USE FOR RENEWAL City of Portland Oregon Bureau of Licenses 111 SW Columbia, Suite 600 Portland OR 972015814 Office: (503) 8235157
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What is new accounts onlly?
New accounts only are financial statements that are prepared for a newly established company during its first year of operation.
Who is required to file new accounts onlly?
Newly established companies are required to file new accounts only.
How to fill out new accounts onlly?
New accounts only can be filled out by preparing financial statements such as balance sheet, income statement, and cash flow statement for the first year of operation.
What is the purpose of new accounts onlly?
The purpose of new accounts only is to provide stakeholders with the financial performance and position of a newly established company.
What information must be reported on new accounts onlly?
Information such as assets, liabilities, revenue, expenses, and cash flow must be reported on new accounts only.
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