Apex Financial Statements & Business Services

At C.E. Thorn, CPA, PLLC., we specialize in providing guidance and preparation of financial statements to Apex businesses. It is our duty to provide you with professional service to help you increase your profitability. Let us teach you how to better manage your financial statements creating more time for you to grow your business.

Preparation of Monthly Statements

Monthly statements are necessary to measure your business’s growth and potential earnings. By comparing previous months and years, you can evaluate the health of your business and you can even estimate what your potential end of year profit can be.

• Current ratio – This is a snapshot of a company’s ability to pay back its debt. A high current indicates a company is in good financial health
• Debt to Equity ratio – Helps determine the value of your business or ability to pay off personal debts. This ratio reflects a business’s risk level to potential investors and is used to evaluate the potential of default for personal loans
• Receivables Outstanding – When services are rendered prior to payment, the debt is known as an outstanding receivable. Once the payment has been made, it is no longer outstanding. Purchasing goods or services on credit is a common example of outstanding receivables
• Profit margin – A way to evaluate your margin of income versus your payout. To calculate subtract your total debts and expenses from your net income and divide by sales.

Our team of accounting professionals are here to help serve Apex, Wake County and the Greater Triangle. Our goal is to provide our clients with the knowledge and confidence to make sound financial decisions.

As a valued client, you can rest assured that we will be available to answer the financial questions that you have, and help guide you to a more profitable economic state.

Contact C.E. Thorn, CPA, PLLC., for All Your Financial Service Needs

The professionals at C.E. Thorn, CPA, PLLC., are here to provide ongoing monthly services. Our team will guide you through making proper financial decisions, and be available for consultation for your financial planning.

Call (919) 420-0092 today or complete our online contact form to speak with an Apex Certified Public Accountant.