There are a variety of different financial reports that a Sydney chartered accountant or Sydney accountant can prepare for the purposes of financial reporting. Some of the types of financial reports our Sydney chartered accountants and Sydney accountants can provide include:
- Profit and loss statements – as the name suggests, this report provides a breakdown and summary of the profits and losses of a business over a specified period of time. Usually, the income minus the expenditures and disbursements will show whether the business is making a profit or a loss.
- Cash flow statements – This is the breakdown of the cash coming into and leaving the company. A cash flow statement is useful in determining the short term viability of a business.
- Balance sheets - a balance sheet lists all the assets and liabilities of a business. This allows a person to understand the capital available in a company.
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