Financial statement preparation and analysis for businesses Forms for Houston
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FAQ
But with the help of computer software, you may be able to prepare your own financial statements. If you need to prepare financial statements for a third party, such as a banker, sometimes the third party may request that the financial statements be prepared by a professional accountant or certified public accountant.
How Do I Write a Financial Plan for My Business?Step 1: Make A Sales Forecast.Step 2: Create A Budget for Your Expenses.Step 3: Develop Cash Flow Statement.Step 4: Project Net Profit.Step 5: Deal with Your Assets and Liabilities.Step 6: Find the Breakeven Point.
The cost of a financial statement review generally ranges from $1,500 to $5,000. Many CPAs will include the review at the time your taxes are prepared and roll the cost together.
Prepare Financial StatementsBookkeepers will also be responsible for preparing some significant financial statements for small businesses. These can include a profit and loss statement, balance sheet and cash flow statements.
Compiled financial statements generally range in costs from $800 $3,500 based on the size and complexity of your company and can take 1-2 weeks to complete.
Only a CPA can prepare an audited financial statement and a reviewed financial statement. However, both CPAs and non-certified accountants, including bookkeepers, can prepare compiled financial statements.