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ACCOUNTING SERVICES FOR ALL, llc
~ Peace of mind for our clients ~
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FINANCIAL STATEMENTS
WHEN ARE THEY REQUIRED?
Although required mostly from public corporations to comply with GAAP, financial statements are also part of the documentation that small private corporations or non-for-profit organizations must submit for bank loan applications, yearly registrations, or status filing with IRS. These are not required for individual tax returns.
tyPES OF FINANCIAL STATEMENTS WE OFFER
- Income Statement (based on Revenues and Expenses, Profit or Loss)- Balance Sheet (also called Statement of Financial Position) based on Assets, Liabilities, and Equity - Cash Flow Statement (showing the incoming and outgoing cash from three categories of transactions: operations, investments, and financing)
- all bookkeeping services needed to compile financial statements