BFS provides financial reporting services to help your company become successful. In fact, businesses that do not have a system for proper financial reporting are destined to fail. Because financial reporting provides information which reports to the company owner and stockholders the company’s financial position. Our financial accounting and bookkeeping professionals provide services which will power your business. And you can look to us for efficient reporting.
Reliable information is essential for asset management, and the proper use of those assets. So the owner of a small business performs analysis of financial statements in order to see where the company is. Accurate information also give a picture of where the company has been, and where it should go. But there are several types of financial reports. And there are several types of financial analysis an owner or manager can use to keep a handle on the firm including ratio analysis. And these tools are used to forecast the firm’s needs in the future.
Financial reports are the documents and records our accountants put together to track and review money your business is making. Or in some cases, they determine how much the company is not making. And the purpose of financial reporting is to deliver this information to the lenders and shareholders. Then the stakeholders of your business can make intelligent decisions. Therefore, financial reporting must be part of the essential contract between you and any third party supporting this part of your business. Because your lenders and investors have the right to know if their money is being spent wisely and returning a profit. And accuracy is key.
Deliberate dishonesty and incompetence are the two main sources of statement inaccuracy are . And there are two principle ways to combat these problems. The first method is to regularly hire an outside accounting firm to audit the financial statements. Because the outside accountant tests reported account balances for accuracy in an audit. As importantly, the auditor tests to see that the accounting principles used in recording transactions are in conformity with GAAP and applied on a consistent basis. And Business & Financial Solution can help uncover deficiencies in the success of your company. Because we provide you with the key information needed to ascertain the facts.
Business & Financial Solutions can play a vital role with your company. We provide accurate solutions. And we deliver results on time. Because we know financial statements are an important part of a business operation. They let business owners know where they stand currently in areas such as assets, liabilities, income and cash flow. But the statements also show how well you have done during a completed fiscal year. Additionally, the financials play a part in the planning process of a business, especially for one preparing to launch.
The BFS team of accountants and bookkeepers compose a unique group of professionals. And each has unique qualifications to help with the success of your company. And our firm has two convenient locations in Rockville and Frederick MD. Also, we have a location in Vienna VA. We are conveniently located in the Washington DC Metro Area. We customize accounting services that meet your requirements.
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