The objective of financial statements is to provide information about the financial position.

Financial statements must be understandable, relevant, reliable and comparable. Assets, liabilities, equity, income and expenses are directly related to an organization’s financial position.

As your business grows your bookkeeping and accounting requirements also grow with it. By using your bookkeeping records we are able to prepare your annual accounts (or year-end accounts) which will form the basis of your Self-Assessment tax return.

Financial statements can be used for different purposes:

• Owners and managers require financial statements to make important business decisions that affect its continued operations.
• Prospective investors make use of financial statements to assess the viability of investing in a business.
• Financial institutions (banks and other lending companies) use them to decide whether to grant a company with fresh working capital or extend debt securities.
• Government entities (tax authorities) need financial statements to ascertain the propriety and accuracy of taxes and other duties declared and paid by a company

Whether you are a closed corporation, sole trader, partnership or limited company, Finpro accountants can prepare your financial statements. Our accountants offer competitive pricing with flexible appointment times and are dedicated to offering a professional and friendly environment.