Did you know? If you prepare financial statements just
for the benefit of your banker or the IRS, you are missing
out on a great profit-making tool in your business.
Your financial statements provide valuable information. With a few minutes of instruction you can learn to use them easily and profitably.
We at Payne & Henderson, CPAs can help you by preparing your financial statements and helping you to maximize the benefit from these statements.
Your balance sheet is simply a listing of all your assets, debts, and equity. It is a “still picture” of your company on any given date, like month-end or year-end. The income statement is a “moving picture.” It shows you how your balance sheet changed from one date to the next.
If your balance sheet shows that your net worth increased by $100,000 for this year-end over the last year-end, looking at your income statement will tell you how the change occurred. How many sales, how many expenses (and what kind), how many employees, and what other activity did it take to produce the increase in net worth?
In many businesses, there would be no net profit except for the profit made through the efficiencies created by using the financial statements.
We gauge our worth by the personal and business successes of our clients. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business. Our accounting services include the following....
Meaningful, well -organized financial records ensure that your business operations will run more efficently on a daily basis and are the foundation of a sucessful business. Our qualified staff can assist you with the day to day tasks associated with bookkeeping.
Compilation, Review, And Audit Services
Our firm provides professional compilation, review, and audit services to businesses of all sizes. We can quickly compile your financial records into meaningful GAAP-compliant financial statements, offer limited-scope review testing, and can deliver complete audit attestation.