Prepare Financial Statements – Included Quarterly

As part of our Professional Accounting Services, we prepare a standard set of financial statements for your organization on a quarterly basis.

All reports are posted in PDF format to your client portal in the Messages area and saved in the #Documents file within the QUARTERLY Financials folder.

Standard Contents of a Set of Financial Statements

• Balance Sheet: Shows your assets, liabilities, and equity as of the report date. It provides a snapshot of your financial position at a specific point in time.

• 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.

• General Ledger: Displays all transactions for the reporting period across all accounts. For businesses with high transaction volume, this report may be provided separately in Excel to reduce page count.

Benefits

• External: Matches your books to bank statements every quarter for complete accuracy.

• Internal: Peace of mind knowing your numbers are verified and balanced.

Key Takeaway:

Quarterly financial statements provide a clear, verified view of your business’s financial health, giving you confidence and accuracy in your accounting.