Financial Statements

Often times owners, mangers, shareholders, and directors are surprised by how much or how little they spent on a certain expense, or a project they thought was profitable which turned out to not be the case (which would explain their cash-flow shortfalls), financial statements help you asses and review your businesses' financial performance, support business decisions, and uncover inefficiencies.

Financial statements are used to report finances to shareholders at year-end, used by potential investors, banks to obtain loans, income tax filing purposes and many others. They also help to facilitate year-over-year comparisons, budget-to-actual and variance analysis.

The accountants at SMS have the professional expertise and knowledge in compiling and constructing this data with the relevant financial reporting frameworks. We also utilize comprehensive and helpful visuals (see below) to illustrate key performance metrics to better communicate and spotlight business health. Dashboards and analytical tools translate complex data into easy-to-understand charts and key performance indicators. Visualizing data enables your team to gain new insights and quickly identifytrends that impact the business.