Cary Financial Statement Preparation

Let our Cary accounting professionals help you and your business prepare your financial statements. We offer preparation and guidance for your personal or small business statements.

We also can help you understand your financial statements to more effectively manage your business, increasing your profitability.

Monthly Financial Statement Preparation

Financial reports should be prepared each month to keep proper record keeping. Monthly statements can help you better predict how your business will do for the fiscal year. When you keep accurate records, you can compare previous months and years to get an estimate of what your earnings will be.

• Current Ratio – A great way to look at your company’s overall financial health. You can determine how your assets offset your liabilities
• Debt to Equity Ratio or D/E – This ratio is calculated by dividing your companies liabilities or debt by your net income
• Receivables Outstanding – Dividing your receivables by the average sales per day for a fiscal year, you can determine how many days it takes to collect income from clients and your business’s performance
• Profit Margin – this ratio is calculated by dividing your net income by revenue. Once you determine your expense payout, dividing by the total collection will provide you the margin of profitability

Our experienced financial team is available to help you make better financial business decisions. C.E. Thorn, CPA, PLLC., understands the difficulties of financial statement and we want to share our expertise with you. By learning the basics of your financial statement, you can help maximize your profit.

We will be available to answer any questions you may have until you are comfortable with your finances and are ready to make profitable business decisions.

Find Out Why Cary Trusts Carson Thorn, CPA, PLLC., for Financial Statement Preparation

Our financial service professionals are available for ongoing monthly services to help you make sound financial decisions. The CPA’s of Carson Thorn will help guide you to a more secure financial future.

Find out how you can benefit from our expertise by calling (919) 420-0092 or complete our online contact form today!