Financial Reporting
Financial reporting for small businesses
Profit and loss, balance sheet and cash flow every month, with a written note on what changed and why, so you can decide on numbers instead of instinct.
What you get
What lands in your inbox each month
Statements are only useful if you can read them. These come with the numbers and the explanation, in that order.
Profit and loss, this month and against the same month last year
Balance sheet showing what the business owns and owes
Cash flow statement, so you see timing and not just totals
Profit split by job, class or location where that is useful
Budget against actual, once there is a budget to measure
Receivables aging, so you know who is slow to pay
Payables aging, so nothing lands on you unannounced
A short written summary in plain language
About that summary
Four things it tells you
What moved this month, and by how much.
Which of those moves were one-offs and which are becoming a trend.
Anything in the numbers that is worth a decision.
What is worth watching next month.
Who it is for
Owners about to make a real decision
Reporting earns its keep at the moment you have a choice to make. If any of these are on your desk this year, the numbers need to be current.
Planning a hire
Pricing a service
Applying for a loan
Taking on a partner
Watching cash closely
Opening a second location
Preparing to sell
Getting started
How we start
01
Free consultation
A call about what you need to know each month and what you are currently guessing at.
02
Check the foundation
Reports are only as good as the books under them, so Robert checks the file is accurate before reporting on it.
03
Set the format
You decide what you actually want to see. Reporting on things you will never read is wasted work.
04
Monthly, then quarterly
Statements and a summary every month, plus a call each quarter to talk through what they mean.
Questions
Reporting questions we get asked
I already get reports from QuickBooks. How is this different?
QuickBooks will print a report from whatever is in the file, accurate or not. The value here is that the underlying books are reconciled first, and that somebody reads the output and tells you what it means rather than leaving you to interpret it.
Do I need to understand accounting to use these?
No. That is the point of the written summary. The statements are there in full for your CPA or your lender, and the summary is there for you.
Can you report profit by job or by location?
Yes, as long as the chart of accounts is set up to track it. If it is not yet, that is part of the setup work, and it is usually the single most useful change a growing business makes to its books.
My bank is asking for financials. Can you produce those?
Yes. Lenders generally want a profit and loss and a balance sheet covering a set period, and those come out of current, reconciled books without extra work. Robert can tell you what your lender is likely to ask for before you apply.
How quickly after month end do I get them?
Once the month is closed and every account is reconciled. Robert will give you a target date at setup and hold to it, because a report that shows up late is a report you make decisions without.
Service area
Financial reporting across the East Valley
Robert focuses on businesses in seven cities around Fountain Hills and works with others farther out remotely. He can meet in person when a set of numbers needs talking through.
Get in touch
Want to know your numbers monthly?
Book a free consultation with Robert. Tell him what decision is coming up and he will tell you what you need in front of you.
Book a free consultationPhone
Hours
Monday to Friday, 9am to 5pm Arizona time.