Online Financial Statement Preparation Service
Financial statements are the tools for businesses to communicate their story. They represent the profitability and financial strength of a business. Financial statements also enable your business make informed decisions by highlighting which areas provide the best results and returns. This makes financial statement preparation a step of utmost importance in your accounting cycle. Preparation of financial statements can be simple or complex, depending on the size of an organization.
We at Tax Seva Kendra possess the technical skills and depth of knowledge required to assist you in the preparation of timely and high-quality financial statements.
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Our team of qualified professionals have an asset management audit background and are experienced in both US GAAP and IFRS reporting for all types of fund formats. Our expert financial statement preparation team is formed to be able to prepare financial statements for non-audit clients and also for many audit clients.
We possess the necessary knowledge and experience to assist you in not only preparing compliant, reliable and timely financial statements, but also in improving the quality of financial reporting. Our aim is to provide you with a competitive edge in today's competitive environment.
Balance Sheet displays everything that is owned (assets) and owed (liabilities) by a company, including the owner's equity. It also illustrates how a company is utilizing its assets and shows the overall status of your business at a particular point of time.
Profit & Loss Report
The profit & loss report shows the revenues earned and expenses incurred during a particular period of time. It is also called income statement and shows a company's ability to generate sales and manage expenses over that period of time.
Cash Flow Statement
Cash Flow Statement shows the debit and credit of cash transactions during a particular timeframe. This helps in identifying cashi flows through operating, financing or investing activities.
Lenders need your financial statements to determine your credit worthiness and to see whether you are eligible for receiving funds from them.
With the help of financial statements, investors can determine whether investing in your business will be profitable for them or not.
The amount you pay as tax is determined based on the assets and income that your company has which is defined by these financial statements. Assessing these statements throughout the year as a part of your regular tax planning activities is important. You need to prepare financial statements to calculate your state and Central tax obligations.
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