Financial Reporting
Funders Bookkeeping Solutions creates easy-to-understand reports that show how your business is doing, so you can make smart decisions.
- Our Capabilities
Three financial statements we regularly create for our clients include an income statement, balance sheet, and statement of cash flows.
- Income Statement or Profit and Loss Statement
Recaps your firm’s total revenues and expenses over an explicit accounting period—usually a month, quarter, or year. It presents the business’s net income or net loss for the period.
- Balance Sheet
Exhibits your company’s total assets, liabilities, and stockholder equity at a particular point in time. It displays a current view of your business’s financial position, including economic resources the company owns and the sources of financing for those resources.
- Statement of Cash Flows
Expresses how your cash position has changed over a particular accounting period. This statement helps you monitor whether you have the sufficient cash flow to continue to operate and pay your bills on time. Unlike an income statement, it only includes cash activity and does not consider non-cash activities like sales or purchases on credit or depreciation.
- Benefits to Your Business
- Cash flow tracking: Helps businesses understand how much cash they have available and identify cash flow risks. This can help businesses ensure they have enough cash to grow and take advantage of opportunities.
- Budgeting and forecasting: Helps businesses prepare for the future by creating budgets and plans for spending.
- Business growth: Accurate financial reports can help you track expenditures and compare them to previous years.
- Debt management: Helps you optimize your debt management.
- Insights in real-time: Provides real-time insights and tracking to assist you in making quick decisions.
- Business trend identification: Helps you identify and forecast business trends.
- Liability management: Helps you manage liabilities and keep them in check with assets.
- Regulatory compliance: Helps you ensure they are operating within legal and ethical boundaries.
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