Reports and Statements
The Value of Financial Reports and Statements
Reporting is a vital element of every business as it provides relevant details about current financial positions, assists with forecasting, and informs decisions around budgeting, marketing, and inventory. They also highlight areas of the business that are working well and the areas that need attention.
Reports and statements are designed with three goals in mind: to present the most fundamental financial information, analyse the strengths, weaknesses, and trends of those numbers then identify any future course of action as a result.
Exact BAS and Bookkeeping Are Reporting Gurus
At Exact BAS and Bookkeeping, we have several options when it comes to running reports and preparing financial statements. We can provide the simplicity of standard reports, edit a report to focus on a certain component or fully customise your reports to accommodate specific needs.
Profit and Loss statements are key as they indicate the projected amount of profit or loss a business can expect during a trading period. Measures such as sales, expenses, margins, liabilities, and equity are easily identified and interpreted.
Aged Debt reports indicate how much money a business is currently owed from invoices that have already been issued to customers, yet remain unpaid. Broken down into categories such as individual client balances and total number of days outstanding, this report indicates how old the debt is for each customer.
Certain businesses need to report payments made to contractors for services rendered. Rest assured we are also well versed in preparing and lodging a Taxable Payments Annual Report (TPAR.)
Exact BAS and Bookkeeping identify pain points you didn’t even know you had. We can simplify the following areas of reporting:
Income Statements (Profit and Loss)
Balance Sheets
Accounts Receivables Due and Aged Debtors Report
Accounts Payables Due and Aged Creditors Report
Preparation and Lodgement of Taxable Payments Annual Report (TPAR)
Your Success Is Our Success
You got into business to focus on your strengths and passions; we did exactly the same thing. What you consider mind-numbing… we consider number nirvana! We genuinely thrive on keeping your reports up-to-date and presenting statements that give you a clear picture of where your business is and where it’s going.
If you are facing a mountain of reports we can resolve this for you, so you can get back to the business of your business. Exact BAS & Bookkeeping are committed to:
The Personal Touch - we cater to your circumstances
Attention To Detail - perfection is the expectation
Cost Effective - ask about our options for small businesses, startups, and tradies
Certified Experts - we are registered BAS Agents with the Tax Practitioners Board
Cloud-Based Bookkeeping - Xero Advisor and Payroll Certified, also MYOB Essentials
Complaint - in all the latest rules and regulations
Time Management - never met a deadline we didn’t like
Efficient - expect easy, effective, and expert service
Dedicated - we have your business’s best interests at heart
