Bank statements can be an excellent source for preparing financial reports such as Profit & Loss, Balance Sheet, Cash flow etc due to several key reasons:  1. Accuracy and Reliability:  • Official Record  • Error Detection  2. Comprehensive Transaction History:  • Complete Data  • Categorization  3. Cash Flow Management:  • Real-time Overview  • Liquidity Assessment  4. Audit Trail:  • Traceability  5. Budgeting and Forecasting:  • Historical Data  6. Fraud Detection and Prevention:  • Monitoring  7. Tax Preparation:  • Expense Tracking By leveraging the detailed and accurate information provided in bank statements, businesses can prepare comprehensive and reliable financial reports, enhancing financial decision-making and strategic planning. As you have seen my expertise level, I can prepare your reports just matter of 7 days or even faster just from your bank statements and the work done in your accounting software which you can verify anytime.