Financial Reports

Financial reports provide a clear picture of a company’s financial health, enabling business owners, investors, and stakeholders to make informed decisions. These reports summarize financial activities, track performance, and ensure compliance with tax and regulatory requirements.

Our Financial Reporting Services

1. Balance Sheet Preparation

A balance sheet provides a snapshot of your company’s financial position at a specific point in time. It details:

• Assets (cash, inventory, accounts receivable)

• Liabilities (loans, accounts payable, expenses)

• Equity (owner’s investment and retained earnings)

This report helps businesses assess their net worth, financial stability, and ability to meet obligations.

2. Profit & Loss Statement (Income Statement)

The income statement shows your company’s revenues, expenses, and net profit over a period. It helps businesses understand:

• How much revenue is generated

• Cost of goods sold (COGS) and operating expenses

• Profitability trends over time

This report is crucial for tracking financial performance, identifying cost-saving opportunities, and making strategic adjustments.

3. Cash Flow Statement

The cash flow statement tracks money flowing in and out of your business. It is divided into three sections:

• Operating Activities: Cash from day-to-day business operations

• Investing Activities: Cash from asset purchases or sales

• Financing Activities: Cash from loans, investments, or dividends

This report helps businesses maintain liquidity, avoid cash shortages, and plan for future investments.

4. Customized Financial Reports

Beyond standard financial statements, we offer customized reports based on your business needs. These may include:

• Break-even analysis: Helps determine the revenue needed to cover costs

• Budget vs. actual reports: Compares projected vs. actual expenses and revenues

• Departmental or project-based reports: Provides insights into specific areas of business performance

5. IRS & Regulatory Compliance Reports

We ensure that your financial reports align with U.S. tax and regulatory requirements. Our services include:

• Preparing financial statements for tax filings

• Ensuring compliance with IRS and GAAP regulations

• Providing reports for audits and investor reviews