With over 30 years of experience, C.E. Thorn, CPA, PLLC, has prepared financial statements for small business owners in Morrisville. Our financial statements provide you with information that can help you track and manage your business financials.
Components of Financial Statements
Monthly financial reports can help you determine the financial health of your Morrisville business and give you a clear idea of your income and expenses. Financial statements include two main components; an income statement and a balance sheet.
Income Statement
The income statement shows your income and expenses. It shows profitability during a set period and indicates whether or not your business is performing well.
Balance Sheet
A balance sheet summarizes your business's financials and indicates net worth. When you outsource your accounting services to C.E. Thorn, CPA, PLLC, we maintain a balance sheet so you can view your net worth during a set period of time.
Benefits of Financial Statements
Having accurate and up-to-date financial statements can help you make informed business decisions. Financial statements prepared by a CPA can help you with:
- Staying tax-compliant during end-of-year tax planning
- Business expansion decisions based on information in your financial statements
- Accessing a snapshot of your business's financial health
Additional Accounting Services We Provide:
- Business Tax Preparation
- Monthly Bookkeeping
- Accounting for Startups
- Small Business Accounting
- Choosing a Business Entity and Obtaining Federal Tax ID
We Also Provide Financial Statements for Businesses in the Following Locations:
Get in touch with experienced financial professionals in Morrisville Today
Call 919-420-0092 or Contact us today using the form below to see you can benefit from working with C.E. Thorn, CPA, PLLC.
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