Financial statements and reporting are a valuable tool to see past performance, but what about seeing what the future holds? We can also provide data analysis and create budgets and projections to help keep your business on the right trajectory!
Income Statements: An income statement also known as a profit and loss statement, presents the financial results of a business for a stated period of time. The statement quantifies the amount of revenue generated and expenses incurred by an organization, as well as any resulting net profit or loss. Revenues – Expenses = Net Income
Balance Sheet: A balance sheet is a statement of the assets, liabilities, and capital of a business or other organization at a particular point in time, detailing the balance of income and expenditure over the preceding period.
Accounts Receivable: A/R is an aging report allows you to view the balances that are owed to your company by customers.
Accounts Payable: A/P aging report allows you to view the balances you owe to other companies for supplies, inventory and services your company receives.
Budget vs. Actuals: Compares your budgeted income and expenses to the actual amounts so you can tell if you were over or under budget.