We create financial statements including the following:

Income Statement

An income statement, also known as a profit and loss (P&L) statement, shows an itemized list of your revenues less expenses, to arrive at net income at the end of the reporting period.

Benefits of an income statement:

• Track net income and compare year-over-year, to help grow and expand your business

• Identify areas where expenses can be managed and reduced

• Identify which service type and/or product mix will be most beneficial to expand for the business

• Identify any losses due to theft and/or shortages

• Determine whether you are operating within your budget

Balance Sheet

A balance sheet shows a snapshot of your assets and liabilities at the end of the reporting period.

Benefits of a balance sheet:

• Identify any cash and/or liquid assets that are sitting idle, and instead could be used in growing the business

• Determine total debt and accounts payable, to flag early signs of insolvency

• Accurately reflect the value of assets within the business, through the calculation of depreciation and amortization

• Analyze trends, such as those related to receivables, to ensure timely collection

Cash Flow Statement

A cash flow statement shows the movement of cash flow, both in and out of the business, from operations, financing and investing, over the reporting period.

Benefits of a cash flow statement:

• Identify any cash that is sitting idle, and instead could be used in growing the business

• Determine if the business is in need of additional cash and financing

• Assistance in planning budgeting for the next reporting period