“It is a good practice to have interim financial statements prepared throughout the year. A buyer will always want to review the most recent financial information on the company. If it has been nine months since the company’s last official income statement, this can be a problem. It may take another month or two to prepare an interim statement. It makes a seller look bad when it cannot provide timely financial statements to a buyer. Put the procedures in place so that statements can be prepared on a monthly, or at least quarterly, basis. Review”