Preparation of Financial
Statements
Financial Statements to keep your obligations upto date
Financial statements are formal records of a company’s financial activity. These statements present the current landscape of your business and form a key part of a business plan that will help businesses attract an investor or obtain a bank loan. Creating a robust accurate set of financial statements for your business starts with day-to-day bookkeeping and should consider the end-to-end process of Record to Report (R2R) including documentation. At AWF Bookkeeping we can extract the data from these records in a proficient manner so your accountant can create financial statements in a timely manner and accurately.
AWF Bookkeeping can help your accountant with various reporting such as the income statement, the statement of retained earnings, the balance sheet, and the statement of cash.
From annualized, special purpose financial reports (most relevant for privately-owned businesses and SMEs) to general purpose financial reports (that grow in complexity as your business grows), how you set up your reporting at the outset creates significant efficiencies and overall benefits to the business. You must have access to reliable, real-time data that can be used for a number of purposes – for example, in Board and shareholder reporting, for ATO tax governance and other regulator programs, and with your banks and other key lenders.
The team at AWF Bookkeeping works with our clients – from all industries – on their financial reporting needs. We have the skillsets and experience to support your business as it meets its financial reporting obligations, with an investment in automation technology and systems that promote efficiency and accuracy.
We can scale up your reporting requirements as you grow or to meet new business milestones, spot red flags or potential issues in your reporting – from underpaid GST, to miscalculated superannuation payments – and help you proactively manage these with the relevant regulators.
