Financial Reporting and Analysis
Financial statements offer insight into past performance, but what about future prospects?
Income Statements
Also known as profit and loss statements, income statements present a business's financial performance over a specified period. They quantify revenue generated, expenses incurred, and resulting net profit or loss.
Balance Sheets
Balance sheets detail a business's assets, liabilities, and capital at a specific point in time, offering a snapshot of income and expenditure over the preceding period.
Accounts Receivable
Aging reports for accounts receivable provide visibility into balances owed to your company by customers.
Accounts Payable
Aging reports for accounts payable offer insight into balances owed by your company for supplies, inventory, and services received from other companies.
Budget vs. Actuals
This comparison evaluates budgeted income and expenses against actual amounts, enabling you to identify variances and gauge performance relative to budgetary expectations.
