- Competitors
Want to compare their business to ours business and check on the profit of both business. - Owners/Shareholders
To improve the business and make more profit to control the weakness of the business. - Government
To check whether the accounts are prepared to all the rules to calculate the tax from the profit. - Managers
To develop the business and take consecutive action where necessary to improve it. - Banks
Check the profitability and the cash situation of the business before giving loans and to judge whether the business will pay back. - Employees
To check the stability of the business if it is not good and they might decide to leave, demand for higher pay. - Suppliers
Will want to check whether the business is in a good cash position to ensure they will pay their debts. - Potential Buyers
Potential buyers will want to see whether how much the business is worth and also if it is making enough profits and has a good future.
Only for non-commercial educational purposes for those who are interested in Accounting