Financial Reporting & Analysis
Accounting of the Palm Beaches, LLC offers Financial Reporting and Analysis services; empowering business owners to have a better understanding of their company and identify situations or trends that may be hindering the growth of their business.
Financial statements are the formal records or reports of the financial undertakings of a person or a business. This is the central source of an organization’s financial data. They convey an in depth picture of the organization’s financial position and profitability.
There are three primary financial statements:
There are an additional two statements:
Exceptional businesses understand what the numbers mean. They utilize budgeting and forecasting tactics to guide their business in achieving a desired outcome. Forecasting allows business owners to see future outcomes that -- if it is not the desired outcome -- can be changed through current decision making. On the other hand, a budget provides a feedback loop as to how the business is performing against expectations. The business owner can proactively make decisions to ensure that the business meets or exceeds it goals.
Financial Statement Analytics, is another resourceful process. The process looks over financial activity across multiple periods to determine fluctuations within the business financials. Analytics allows business owners to gain a better understanding of changes in their financial activity
Our services include Financial Statement Preparation, Forecasting, Budget and Analytics. Your Financial Statements will be prepared as GAAP accrual and/or Other Comprehensive Basis of Accounting as needed. We offer:
Financials & Analysis
Financials in different format and reporting structures:
Benefits of Comparative Financial Statements over Single Financial Statements are the complete set of financial statements that an entity issues, revealing information for more than one reporting period. They are useful when trying to determine:
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Learn more about our Financial Statement Services to assist in generating your financial statements; as well as, handling your budgeting and forecasting needs.