If your bank or stakeholders require monthly, quarterly, or annual financial statements, we can provide a cost-effective solution in preparing your financial statements. We prepare financial statements based on the accounting method that you use for tax purposes, and omit substantially all footnote disclosures. A balance sheet and income statement of this nature will often satisfy the requirements of bankers and other stakeholders. We can also prepare additional supplemental reports as needed. We rely on our understanding of accounting principles and your business to prepare your financial statements without performing an audit or other analytical procedures. We do not perform compilation, review or audit services.
The five Financial Statements are:
- Income statement
- Statement of comprehensive income
- Balance sheet
- Statement of stockholders’ equity
- Statement of cash flows