Having accurate financial statement is vital to all businesses. Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.
By doing bookkeeping for your business Comptabilité KC Accounting produces accurate financial statement. An income statement allows you to track revenues and expenses so that you can determine the operating performance of your business and identify your income tax liability.
A balance sheet gives you a snapshot of your business’ financial condition at a specific moment in time. A balance sheet helps you quickly get a handle on the financial strength and capabilities of your business, to identify and analyze trends, particularly in the area of receivables and payables.
Comptabilité KC Accounting provides a financial analysis statement to facilitate your business decisions.