With over 30 years of experience, C.E. Thorn, CPA, PLLC, can prepare financial statements for small business owners in Wake Forest. Our financial statements offer information to help you track and manage your business financials.
Components of Financial Statements
Monthly financial reports give you a snapshot of your business's financial standing and 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 income and expenses accrued by your Wake Forest business. It indicates profitability during a set period and whether or not your business is performing well.
Balance Sheet
A balance sheet summarizes your business's financials and indicates your business's net worth. When you outsource your accounting services to C.E. Thorn, CPA, PLLC, we provide you with a balance sheet so you can view your net worth during a set period, such as over a fiscal year.
Benefits of Financial Statements
Having accurate and up-to-date financial statements can help you make informed decisions for your Wake Forest business. 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:
Contact Us Today for Financial Statement Preparation Services
in Wake Forest
Let us take care of your record keeping so you have more time to run your business. Contact us at 919-420-0092 or fill out the form below.
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