Geelong accounting and financial statement preparation for businesses

If you run a business in Geelong, accounting and financial statements are part and parcel of successful operation. These important tools take expertise, time and patience to complete and that’s why many businesses turn to CD&G Accountants for help.

Our professional team has wide experience when it comes to preparing these vital formal records for businesses across the region. We provide a quality financial statement accounting service, covering a range of statements including income and cash flow, ensuring your business successfully complies with all relevant acts and standards.

When it comes to financial statements, the `big guns’ include the income statement, cash-flow statement, balance sheet and changes in equity. While numbers and reports are confusing to many people, our talented Geelong accounting team can get them tamed and organised to give you a clear picture of where your business stands, its health and its progress.

So what do these statements actually show?

• Income statement – measures the financial performance of a business over a defined accounting period. The income statement, sometimes called a profit-and-loss statement, records key figures including revenues, expenses, gains, losses and net income over the period in question.
• Balance sheet – also called the statement of financial position, it is like a financial snapshot. It reveals the financial position of a company at the end of a specific calendar date.
• Cash-flow statement – outlines where a company gets and uses its cash for its operation, financing and investment activities over a specific period. It clearly sets out where the money’s coming from and where it’s going, and also provides a short-term health check of the company.
• Changes in equity statement – sometimes called a statement of retained earnings, it reports on the movement in owners’ equity over a given space of time.

If you are looking for a quality Geelong accounting firm to help prepare important financial statements for your business, then please don’t hesitate to contact our specialist team at CD&G Accountants.