Holbrook & Manter has extensive experience and expertise when it comes to small business financial statement preparation, making us your go-to accounting partner no matter if you submit your statements on a monthly, quarterly or annual basis. Get all of your resources and documentation in order today!
The first step in financial statement prep is to compile all of your documentation and sort each piece of information in a meaningful manner. Whether you’re a startup that’s just starting out or a seasoned business that has been around the block a few times, you already know how quickly things can get complex and messy. Our Business Services & Solutions Team will refresh your memory when it comes to exactly which documents you will need and how to keep everything organized before heading into the financial statement compilation phase.
We’re here to help you each step of the way, from attaching receipts to related statements, to actually tracking down all expense receipts, bank statements and credit card statements.
A small business typically submits three different financial statements:
Each of these resources is important when it comes to establishing business performance benchmarks and forecasting the future. Some small slip-ups in the organizational department could cost you big, especially as you work to ensure the maximum efficiency of your organization and its tight budgets. Inaccurate reporting can alos result in bad decision-making, higher risks to investors/stake-holders and a hit to your business’ credibility, not to mention whatever “billable time” may accrue in an attempt to clean up the mess.
You can easily mitigate risk and avoid faulty reporting by taking preventative action, planning ahead of time and passing off these duties to an experienced outsourced accounting firm – may we suggest Holbrook & Manter?
While these questions may feel daunting at first, they’re tasks we deal with on a daily basis. We’ll navigate the waters for you, help you get caught up and steer you in the right direction moving forward so it doesn’t have to be so complicated next time around!