Contact Time
Mon-Friday 9:00am-5:00pm
By Appointment Only
Contact Email
[email protected]
Phone Number
(510)706-2877
We provide comprehensive bookkeeping services to produce regular monthly financial statements according to Generally Accepted Accounting Principles (GAAP) to assess the financial health of your business. Monthly reports include balance sheets, income statements, statements of cash flows, statements of retained earnings, and all supporting schedules.
A balance sheet contains company assets, liabilities and shareholder equity over a specific time period. It is a financial statement that provides a quick look of what a company owes and owns.
Also known as Profit and Loss, the income statement provides a snapshot of revenue and expense during a specific time period.
The statement of cash flows is a financial statement summarizing the cash flows into and out of the company, with an emphasis on the types of business activities that generate and use cash: daily operations, investments, and financing.
When your business earns profits, the profits are either distributed as dividends to owners or reinvested into the business. Retained earnings are the cumulative profit kept since the business’s inception. The statement of retained earnings demonstrates the difference between the company’s retained earnings account between two set time periods and the specific items that affected the change.
