Prepare Financial Statements - Annually

As part of our Professional Accounting Services, we prepare a standard set of year-end financial statements for your organization on an annual basis.

All reports are posted in PDF format to your client portal in the Messages area and saved in the #Documents file within the YEAR END Financials folder. Financial statements are reconciled and delivered by February 25th following year-end.

Standard Contents of a Set of Financial Statements

• Balance Sheet: Shows your assets, liabilities, and equity as of the report date, providing a snapshot of your financial position at year-end.

• Profit & Loss (Income) Statement: Summarizes revenues, expenses, gains, and losses for the reporting period, showing the results of your operations.

• Statement of Cash Flows (optional): Shows changes in cash during the reporting period. If not needed, this report can be omitted. You may request it anytime or book an advisory meeting to help interpret it.

Benefits

• External: Receive finalized, tax-ready reports.

• Internal: Confidence knowing your financials have been handled thoroughly by experts.

Key Takeaway:

Annual financial statements provide a complete, accurate view of your business’s performance, giving you peace of mind and fully prepared reports for tax filing.