Profit and Loss & Balance Sheet

Your Profit and Loss & Balance Sheets are the two most important reports in your business.

The profit and loss reports help you determine how much money your business is making and where your money is going, making it an essential tool for a successful business.

The balance sheet gives you the ability to review your business finances as a whole. This report tells you what assets you’re holding, what you owe, and how much profit you’ve made since day one. This valuable information helps you track your business’s progress from the beginning and provides a clear picture of where you stand.

How do we work?

Once we’ve received all of the necessary information, your profit and loss report can be produced instantly.

Upon request, we can send you a monthly or quarterly profit and loss and balance sheet report, providing you with valuable insight into your business.

At the end of the year, your Tax Agent will require a copy of these reports or access to the file so they can prepare your end-of-year tax return.

When working as a consultant, we will review your profit and loss balance sheet each month to ensure you’ve correctly allocated all of your transactions.