Our Accounting Services Include:
Basic financial statement preparation
Financial statements (or financial report) is a formal record of the financial activities and position of a business, person, or other entity. Relevant financial information is presented in a structured manner and in a form easy to understand. They typically include basic financial statements, accompanied by a management discussion and analysis
- Balance Sheet
A balance sheet or statement of financial position, reports on a company’s assets, liabilities, and owners’ equity at a given point in time.
- Profit & Loss Statement
An income statement or profit and loss statement (P&L), reports the company’s revenues and expenses during a particular period. The purpose of the income statement is to show managers and investors whether the company made or lost money during the period being reported.
- Cash Flow Statement
A cash flow statement reports on a company’s cash flow activities, particularly its operating, investing and financing activities.
- Budget vs Actual Statement
One of the objectives of financial reporting is to measure how well the company is doing in comparison to what it projected. The Budget vs Actual statement is essential in achieving this objective.
Financial Accounting – for Investors, Regulators & Suppliers
Financial accounting keeps tract of a company’s financial transactions. Using standardized guidelines, the transactions are recorded, summarized, and presented in a financial report or financial statement which includes a Balance Sheet & Income Statement, Cash Flow Statement and notes. Some companies issue financial statements on a routine schedule. The statements are considered external because they are given to people outside of the company, with the primary recipients being owners/stockholders, as well as certain lenders, vendors, customers and State boards.
Management Accounting – for Owners and key Managers
Management accounting involves partnering in management decision making, devising planning and performance management systems, and providing expertise in financial reporting and control to assist management in the formulation and implementation of an organization’s strategy.