Your business’ financial reports provide a key summary of transactions for a given time frame, and also provide an important overview of the value of your company to you as an owner, your stockholders and lenders.
Deb’s Financial Reporting Process
Financial reports are a set of documents prepared at the end of an accounting period that contains a summary of accounting data for your business. Simply put, these are reports used to judge the financial strength of your business. Without these reports you would not know how your business is doing – is it growing or are you losing business. It’s important to look at these reports at least monthly.
When you partner with Deb’s Bookkeeping, we will prepare each of the following financial reports for you every month:
- Profit & Loss (P&L) – Statement of Income and Expenses,
- Balance Sheet – Statement of Assets and Liabilities,
- Periodic Accounts Payable aging reports, and
- Accounts Receivable aging reports.
Does your business have additional financial reporting needs? We understand that each company has different accounting requirements and goals. Deb’s Bookkeeping has over 15 years’ experience correcting challenging financial reporting issues and managing business’ books to keep them accurate and up-to-date for a reasonable monthly cost. We can do the same for your business!