We regularly prepare financial statements for our clients’ business or personal needs. When preparing a financial statement we create a formal record of your business or personal financial activities and present your relevant financial information in an organized manner that’s both simple and understandable.
Our financial statements are typically accompanied by a balance sheet that reports your company’s assets, liabilities or debts, and ownership equity at a given point in time. Financial statements can also include an income statement that reports your company’s income, expenses, and profits over a period of time as well as the sales and various expenses incurred by your company during the stated period.
Financial statements are regularly required by third-parties such as government agencies, bonding companies, banks, shareholders, and grants.
Personal financial statements can be required of people in situations such as applying for financial aid or for a personal loan. Normally, a personal financial statement consists of a single form for reporting personal sources of income or expenses, or both, and personally held assets, debts or liabilities. The form that is actually filled out is typically determined by the organization supplying the loan or the aid.
The purpose of a financial statement for a business entity is to provide information about the financial position of the business, and the performance and changes in financial position of the business that is valuable to various users in making fiscal choices. We specialize in making sure that our financial statements are dependable, relevant, comparable, as well as understandable. As a business owning client our financial statements are valuable in instances involving important business decisions in regards to your operations and are also valuable to your potential investors with interest in your company or business.
