Financial Statement Preparation

Financial statements provide a snapshot of your business’s financial standing at a given point in time. They provide insight into its operations, performance, and cash flow by showing your company’s revenue, expenses, debt, and profitability. Financial statements are read and analyzed for tax, financing, and investing purposes and used by the reader to make decisions regarding the company’s allocation of resources.

Balance Sheet

A balance sheet summarizes your company’s assets (what it owns) and liabilities (what it owes) at a specific point in time. It provides insight into your company’s financial position and is used to estimate its liquidity, funding, and debt positions.

Income Statement

An income statement shows your business’s financial performance over a stated period of time. It does so by reporting your company’s income, expenses, and profits or losses. Sometimes referred to as a “profit and loss statement,” it is typically used for internal analysis and by lenders or investors interested in learning how profitable your business is.

Cash Flow Statement

Also referred to as “statement of cash flows,” this statement reports your company’s cash flow activities, particularly its operating, financing, and investing over a given time period. It helps management, investors, and shareholders make critical decisions based on how much your business is earning and spending.

Our Financial Statement Preparation Services

Accurate and timely financial information is at the center of every business decision. Financial statements help you assess how well your business is performing and gauge the strength of its financial position. At our New York-based accounting firm of Rosen Kuslansky, every financial statement we prepare is done so with the utmost care and attention to detail. From financials required for a small business loan application to a complex financial report needed before a merger or sale, we will provide you with these valuable financial tools both quickly and efficiently. Call us today at (212) 675-2600 to get started. We look forward to speaking with you.