PAP takes the mystery out of your financials.
A balance sheet gives you a snapshot of your business’ financial condition at a specific moment in time. It can identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, than you need to collect your receivables more aggressively.
An income statement, otherwise known as a profit and loss statement, basically adds your list your revenues and subtracts your list your expenses to come up with a profit or loss for the period. It can also identify what expenses need to be evaluated, to minimize the cost of doing business and putting more money in your pocket!
Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors. Accuracy and completeness in these two documents will increase credit availability and quantity.
PAP is dedicated to ensure you fully understand how to interpret and utilize the financial information we provide. Also willing to customize and create special reports, graphs and charts to assist you.
See all of Profit Accounting Plus Services.