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Financial Statement Preparation
Understand Your Financial Story and Make Informed Decisions
Clear, accurate financial statements that reveal the health of your business and guide strategic decisions for growth.
The Problem: Without Clear Financial Statements, You're Flying Blind
Many business owners operate without a clear understanding of their financial position. They know money is coming in and going out, but they can't answer critical questions about profitability, financial health, or whether they're on track to meet their goals.
No Visibility Into Profitability
You're not sure which services or products are actually profitable, making it impossible to focus your efforts on what works and eliminate what doesn't.
Can't Make Strategic Decisions
Without accurate financial data, you can't confidently decide whether to hire, invest in equipment, expand services, or make other strategic moves.
Difficult to Secure Financing
Banks and lenders require reliable financial statements. Without them, you can't access loans, lines of credit, or investor capital when opportunities arise.
Missing Warning Signs
Financial problems often appear in statements long before they become crises. Without regular statements, you miss early warning signs of cash flow issues, declining profitability, or operational inefficiencies.
Our Solution: Financial Statements That Tell Your Business Story
I prepare accurate, timely financial statements that give you a complete picture of your business health. These aren't just numbers on a page—they're insights that help you understand where you've been, where you are now, and where you're headed.
With over 15 years of experience working with professional service providers and small businesses across California and Texas, I know how to translate complex financial data into clear, actionable information. I don't just generate reports—I help you understand what the numbers mean for your specific business.
Whether you need monthly statements to track progress toward goals, quarterly statements for board meetings or investor updates, or annual statements for loan applications, I'll deliver financial reports you can actually use to run and grow your business.
What's Included in Financial Statement Services
Core Financial Statements
Profit & Loss Statement (Income Statement)
Shows your revenue, expenses, and net profit over a specific period. Reveals which months are strongest, where money is being spent, and whether you're truly profitable.
Balance Sheet
Provides a snapshot of what your business owns (assets), owes (liabilities), and the owner's equity at a specific point in time. Essential for understanding your financial position and net worth.
Cash Flow Statement
Tracks the actual movement of cash in and out of your business. Critical for understanding whether you have enough cash to operate, even if you're profitable on paper.
Statement of Changes in Equity
Documents changes in owner's equity over time, including contributions, distributions, and retained earnings.
Additional Analysis & Reporting
Trend Analysis
Month-over-month and year-over-year comparisons to identify patterns, seasonal fluctuations, and areas of concern or opportunity.
Custom Reports
Reports tailored to your specific needs—by service line, location, project, or any other dimension that matters to your business.
Key Performance Indicators (KPIs)
Tracking of critical metrics specific to your industry and business goals, such as profit margins, revenue per employee, or client acquisition costs.
Budget vs. Actual Reporting
If you have a budget, comparison reports showing how actual performance measures against projections.
Notes & Explanations
Context for significant changes, unusual transactions, or important trends that help you understand the story behind the numbers.
Frequency Options
Monthly financial statements (delivered by the 15th of following month)
Quarterly financial statements (for board meetings, investor updates)
Annual financial statements (for tax preparation, loan applications, strategic planning)
Who This Service Is For
Business Owners Making Strategic Decisions
You're considering expansion, new hires, equipment purchases, or other strategic investments. You need accurate financial data to make informed decisions and avoid costly mistakes.
Businesses Seeking Financing
You're applying for a loan, line of credit, or seeking investors. You need professional financial statements that demonstrate your business's health and viability to lenders and investors.
Multi-Owner Businesses
You have partners or co-owners who need regular visibility into business performance. Financial statements provide transparency and facilitate informed decision-making among owners.
Goal-Oriented Entrepreneurs
You have specific financial goals and want to track progress toward them. Regular financial statements help you measure results and adjust strategy to stay on track.
How Financial Statement Preparation Works
Step 1: Initial Consultation & Needs Assessment
We'll discuss your business goals, who will use the financial statements, and what decisions you need to make. I'll determine what reports will be most valuable for your situation.
Step 2: Bookkeeping Foundation
Financial statements are only as good as the bookkeeping behind them. If needed, I'll clean up your books and establish accurate, reliable records as the foundation.
Step 3: Statement Preparation
I'll prepare your Profit & Loss, Balance Sheet, Cash Flow Statement, and any custom reports we've agreed upon, ensuring accuracy and clarity.
Step 4: Review & Analysis
I'll review the statements with you, explaining significant trends, highlighting areas of concern or opportunity, and answering any questions you have.
Step 5: Ongoing Monitoring
For monthly or quarterly statement clients, I'll track trends over time, alert you to important changes, and help you use this information to guide business decisions.
Understanding Your Financial Statements
Financial statements can feel overwhelming if you're not a numbers person. Here's what each statement tells you:
Profit & Loss
Answers: "Are we making money?"
Shows revenue minus expenses to reveal your bottom-line profit or loss for a specific period.
Balance Sheet
Answers: "What do we own and owe?"
Provides a snapshot of your financial position at a specific point in time—assets, liabilities, and equity.
Cash Flow Statement
Answers: "Where is our cash going?"
Tracks actual cash movement to show if you have enough liquidity to operate and grow.
Ready to See Your Business Clearly?
Let's discuss your needs and create a financial reporting plan that gives you the insights you need to make confident decisions.