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Financial Statement Preparation Service Chandler AZ

We Assist with Financial Statement Preparation

Financial Statement Preparation Service Chandler Az

Make informed business decisions with our financial statement preparation services in Chandler, Arizona. Our experienced team of professional accountants at LBS Tax Services offers personalized services to help you understand and leverage financial statements, which are vital tools for tax preparation and managing accounting records. We can help maintain your financial health while preventing issues regarding liens and bankruptcy. Put your trust in LBS Tax to deliver comprehensive financial statement preparation services with your needs in mind.

Types of Financial Statements

Balance Sheet

A balance sheet is a detailed overview of your company’s financial history, showing you and your company’s assets, shareholder equity, and liabilities. Balance sheets are usually dated and can give you valuable information about how your company is progressing financially. You can also use balance sheets for cash flow management, evaluating where your money is being spent and how to lower your asset amounts and meet future financial goals.

Income Statement

Also known as a profit and loss statement, an income statement is a form of financial reporting showing how much your company earned as revenue for a specific period. Underneath the gross revenue amount is a list of the expenses paid during that period, the total of those expenses, and a net income amount.

Income Statement Expenses Include:

Financial Statement Preparation Service Near Me Chandler Az

  • Entertainment
  • Business insurance
  • Material fees
  • Payroll
  • Advertising costs
  • Production costs
  • Utilities
  • Mortgage/rent for business space
  • Mailing costs
  • Cash Flow Statement

Your cash flow statements consider business expenses and evaluate how well you can meet its financial obligations. It takes the important information from balance sheets and provides the amount of net cash you are left with for each of your company’s primary financial activities. This statement helps you understand the economic stability of your company. It shows how your business will generate revenue in the upcoming months and determines if you need additional funding or a new growth strategy.

Contact LBS Tax Services Today

LBS Tax’s financial statement preparation services help you make informed financial decisions and meet future goals for your business. Our professional accountants offer personal attention to manage your financial records, ensuring you effectively understand and leverage financial statements. With these vital tools for tax preparation and managing accounting records, you can maintain your financial health and steer clear of issues like liens and bankruptcy. Ready to take control of your financial future? Contact us and find out how LBS Tax can benefit your business today.

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