Maintaining Balance Sheet and Profit & Loss records and statements is vital for a business as it summarizes the business’ trading transactions – income, sales, and expenditure, and the resulting profit/loss for a given period. Let us help you keep it managed. A Balance Sheet gives a quick review of your business’s total assets and total liabilities along with tracking owner and shareholder investments (equity).

Your Balance Sheet compliments your P&L (Profit & Loss) and Cash Flow statements that tell the whole story of your investment. The Profit & Loss statements or income statements show your sales and expenses. Similarly, the cash flow statements relate everything about how and where your money is moving into or out of your business.

One should review their Balance Sheet and P&L statements monthly to check if everything is going in the same direction as planned or if there is any need for a change in strategy. However, due to so many responsibilities and a lack of knowledge and resources, most business owners often forget about it. But don’t worry. We will help you with your Balance Sheet Preparation & P&L tasks.