Financial Statement Write-up

Preparing accurate and timely financial statements is critical to a successful business. You as an owner, executive or manager rely on key financial statements to evaluate how your business progresses. Vendors use financial statements to assess if you are credible. Bankers and investors use financial statements to approve investments and to verify achievement results against pre-determined performance thresholds. The government uses financial statements to validate profits, tax liabilities and your viability as a vendor. Financial statements are the books by which your business is judged.

We can provide you compiled financial statements. This includes compilation of prospective financial statements (forecasts and projections), and preparation of personal financial statement that are frequently required for compliance with governmental and commercial lending institutions. Standard management reporting is also available for clients not requiring formal write-up services.

Whether you're a business with no internal accounting staff or one with a group of accounting professionals, we will work with you to gather the appropriate source documents and to prepare financial statements that meet your need. Financial statements can be written monthly, quarterly or annually depending on your reporting requirements. If your staff is stretched or if you don't have an accounting staff, we can also help you with the bookkeeping necessary to provide the background for financial statements. 

The most common financial statements are...  

• Income Statement

An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.

• Balance Sheet

A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.

• Statement of Cash Flows

A statement of cash flows shows the flow of cash in and cash out of the business under operating, investing, and financing activities. A statement of cash flows is useful in determining the short-term viability of a company, particularly its ability to pay bills.