A financial statement is a report that summarizes a company's financial transactions. It includes an income statement, balance sheet, and cash flow statement. It is important for businesses to have one as it helps them to track their financial performance, identify areas of improvement, and make informed decisions. This is especially important for SARS as they require businesses to submit financial statements for tax purposes. Don't wait until the last minute, click the button below to start the process and ensure your business is compliant.