Financial Reporting
Financial reporting is the disclosure of financial results and related information to management and external stakeholders (e.g., investors, customers, regulators) about how a company is performing over a specific period of time.
Financial reports are usually issued on a quarterly and annual basis and include the following:
- Balance Sheet or Statement of Financial Position – reports on a company’s assets, liabilities, and owners’ equity at a given point in time, usually the end of a fiscal quarter or year.
- Income Statement or Profit and Loss Report – reports on a company’s income, expenses, and profits over a period of time, such as a fiscal quarter or year. This includes sales and the various expenses incurred during the stated period.
- Statement of Changes in Equity or Statement of Retained Earnings – reports on the changes in equity of the company during the stated period, such as a fiscal quarter or year.
- Cash Flow Statement – reports on a company’s cash flow activities, including its operating, investing, and financing activities. These are typically referred to as sources and uses of cash.
We at Jack Salem & Associates strive to achieve the highest standards of accuracy, reliability and integrity in reports we prepare.
Accounting Services
GST Compliance
Jack Salem & Associates ensures that your business is receiving the full amount of GST credits owing from the ATO and ensure that your GST compliance is up to date and any obligations have been met.
Financial Reporting
Financial reporting is the disclosure of financial results and related information to management and external stakeholders about how a company is performing over a specific period of time. Our experts team can assist you for preparing accurate and efficient reports.
Bookkeeping & Payroll
We offer a wide range of bookkeeping and payroll services for small and medium sized businesses including BAS preparation, Annual Payment Summaries, Software setup.
Accounting Systems Implementation & Setup
We will assist you to choose suitable software package for your business and able to help you to set up and provide training for particular accounting program to make sure you will generate specific reports in no time.