We understand the critical importance of precise and compliant financial reporting for your business’s success and compliance obligations. Our dedicated team of financial experts is committed to delivering meticulously prepared financial statements that provide clarity, transparency, and confidence to stakeholders.
Why Choose Us?
- Accuracy and Compliance: We adhere to strict quality standards and regulatory requirements to ensure the accuracy and compliance of your financial statements.
- Expertise and Experience: Our team comprises seasoned financial professionals with extensive experience in financial reporting across various industries.
- Timeliness and Efficiency: We prioritize timeliness and efficiency in our financial statement preparation process, ensuring that your statements are delivered promptly and reliably.
- Customized Solutions: We understand that every business has unique reporting needs. Our services are tailored to accommodate your specific requirements and preferences.
A1: The key components include the Balance Sheet, Profit & Loss Statement, Cash Flow Statement, and Notes to Accounts.
A2: Companies must file their financial statements within 30 days from the date of the annual general meeting, which must be held within six months from the end of the financial year.
A3: The financial statements must be prepared by the company’s management and signed by the Chairperson of the company, Managing Director, or at least two Directors, including the CEO and CFO.
A1: While not mandatory under law, it is advisable for partnership firms to prepare financial statements to maintain transparency and aid in financial decision-making.
A2: A partnership firm should prepare a Balance Sheet, Profit & Loss Account, and Partners’ Capital Account to reflect their financial position and performance.
A3: The financial statements of a partnership firm should be signed by all the partners or by any partner authorized by the firm.
A1: Yes, LLPs are required to maintain proper books of accounts and prepare a Statement of Accounts and Solvency annually.
A2: LLPs must file their financial statements with the Registrar of Companies within 30 days from the end of six months of the financial year.
A3: The financial statements of an LLP must be signed by the designated partners.
A1: Sole proprietors are not legally required to prepare financial statements but doing so is beneficial for tracking business performance and filing taxes.
A2: Sole proprietors should prepare a Balance Sheet and a Profit & Loss Statement to manage their finances effectively.
A3: The financial statements of a sole proprietorship are signed by the sole proprietor.
A1: NGOs must prepare a Balance Sheet, Income & Expenditure Account, and Receipts & Payments Account.
A2: NGOs registered under the Societies Registration Act or as a Trust must file their financial statements annually, typically within six months of the end of the financial year.
A3: The financial statements of an NGO are prepared by the management and signed by the President or Secretary and one other member of the governing body.
