Financial Statements
Financial statements provide a "picture" of your business' financial condition, and are used for internal control and/or for presentation to others to secure external financing. We will prepare an income statement, also called a profit and loss statement or a "P&L", and a balance sheet for your business. The income statement lists your income, expenses, and net income (or loss). The balance sheet is a financial "snapshot" of your business at a given date in time; and lists your assets, your liabilities, and the difference between the two, which is equity or net worth of the business.

Financial Projections
We can prepare financial projections which management can use to plan and evaluate a business' financial performance, and to make informed decisions. Some uses of financial projections are to:

• prepare a budget
• prepare a business plan
• project cash requirements
• develop strategies
• raise external financing
• monitor performance

There are many aspects which we can forecast, including:

• expenses
• revenues
• cost of goods sold
• capital expenditures
• cash flow
• balance sheet
• income statement

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