Statements of Financials
Simplifying financial comprehension.
We offer Business Financial Statements and Accounting Services.
Business Development Services, devotes time, effort, and professional expertise to assisting our clients in preparing business financial statements.
Professionally compiled business financial statements greatly enhance the comprehension of the numbers for all users. Reliable and accurate business financial statements are vital to any business and serve as a crucial tool for making sound business decisions.
How can I determine if I require business financial statements?
Often the need for business financial statements is driven by the need to file tax returns (personal, corporate and trust), minimize, plan and determine tax liabilities and support business decisions. Most sets of business financial statements of owner-managed enterprises are prepared for one or more of three groups of users: managers, owners and banks or other creditors. In many jurisdictions business financial statements, income statement and balance sheet are required by law for most corporations. Please review the requirements of your corporation based on the jurisdiction in which your business is incorporated.
We provide the following services for reporting, accounting, and business financial statements:
- Preparation of business financial statements
- Notice to Reader
- Sales tax/HST/GST services
- Financial forecasts
- Special reports
Deciding the suitable level of reporting
Our team of professionals at the firm assesses and determines the suitable level of reporting by gathering extensive information about your company, its operational context, as well as its strengths and weaknesses. Apart from recognizing the client's requirements, we also take into account the needs of other users who utilize the financial statements.
Reader's Notice
We compile business financial statements for clients without conducting an audit or review. These financial statements present information that is a "representation of management" and do not include any opinion or assurance.
Banks and other creditors often require audited or reviewed business financial statements as part of their lending agreements.
Financial Statement Preparation
Information Of Statements
At Business Development Services, the preparation of financial statements follows a specific order to ensure the seamless transfer of information between statements. Our skilled accountants are experts in this process, ensuring that your financial statements are prepared in the necessary sequence with precision and accuracy.