The IRS has a January 31 deadline that requires you to report the annual earnings of your full-time employees (W-2s) and most independent contractors (1099s). This deadline includes mailing copies of the tax forms to the people who worked for you. Use the sheet for monthly, quarterly, and annual tasks. Close the books with less runaround. Share this sheet with your accounting team to easily manage your financial month end process and keep everyone on schedule. Here’s a sample financial statement template that shows the order of how each statement works together to report the full economic position of a company beginning with the balance sheet. Let’s look at who uses the P&L and what they use it for. Aside from the income statement and balance sheet, where each of these reports indicate the financial standing of a company, the cash flow statement is used to identify how the money moves in and out of company during an indicated reporting period.