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Financial Statements

It is vital to keep a current record of your daily business activities. This will help you prove and track all of your expenses and income, simplifying tax season. We understand this will be tricky for start-ups and small businesses; however, if you develop some great habits from the beginning, it can help you keep your paperwork organized. Let Kochhar & Co. help you with your financial statements.  Our dedicated Chartered Professional Accountants can answer all of your questions or concerns.  

We know how essential these statements are for shareholders and banks to make essential decisions. We can provide you with the fast and reliable help you require. Delivering compliance and accuracy for your annual statements is our top priority. Our Kelowna Chartered Professional Accountants are available to serve your business.

Educating our clients to streamline their processes is an important part of what we do. We can teach you how to keep better records for your personal and business transactions. Having accurate, easy-to-produce financial statements is extremely valuable. Save time and money by working with our qualified team.

Benefits of Hiring a Professional Accountant

Experienced accounting services can make a huge difference. We have the experience and skill to present the financial facts logically and congruently. There are key principles of accounting that help us create an understandable document that depicts an accurate description of your business.  

We adhere to the required guidelines to accurately present your financial information in an unbiased manner. Some clients need the statements for third parties and others for internal requirements. Our CPAs in Kelowna can help you prepare accordingly.  

Financial Statements Definition

Financial statements refer to the business activities that your business has been involved in for a particular period of time.  By viewing these statements, stakeholders and lenders can comprehend a business’ net asset position. These financial statements additionally disclose the income, expenses and revenue that are incurred to manage the business.  

When are Financial Statements Needed?

It is commonly required to show financial statements when selling your business or applying for a loan. These financial statements can also be utilized by a business internally to help create growth strategies and showcase areas to minimize spending. Having accurate financial statements is essential to helping you achieve your goals.