General Ledger and Financial Statement Preparation

General Ledger and Financial Statement Preparation

Ensure the transparent and accurate portrayal of your financial health.

We track every transaction, maintain compliance with all regulations, and generate clear, concise financial statements that tell the true story of your business.
Think of us as your financial architects, translating raw data into a beautiful blueprint for success, ready for investors, lenders, or simply your own informed decision-making.

Several Key Steps and Deliverables

General Ledger

Data gathering

Collects all necessary financial documents, including bank statements, invoices, receipts, and any other relevant records.

Transactions recording

Accurately and consistently records all financial transactions in the General Ledger, categorized by accounts.

Account reconciliation

Ensures account balances in the General Ledger match external records, like bank statements and vendor invoices.

Monthly, Quarterly, or Annual adjustments

Makes necessary adjustments, like depreciation and accruals, to ensure accurate reporting at the end of each period.

Year-end closing

Performs closing procedures to finalize the General Ledger for the year and prepare for generating financial statements.

Financial Statements

Preparation of the Income Statement

Calculates the net income or loss by summarizing revenues, expenses, gains, and losses for the period.

Preparation of the Balance Sheet

Reports the company's financial position at a specific point in time, showing assets, liabilities, and owner's equity.

Preparation of the Cash Flow Statement

Analyzes the inflow and outflow of cash during the period, categorized by operating, investing, and financing activities.

Ratio analysis and insights

Provides analysis of key financial ratios to assess the company's financial health, liquidity, profitability, and solvency.

Report presentation

Delivers the completed financial statements and analysis in a clear and concise format, often with visual aids like charts and graphs.

Scale complex features and streamlining workflows with our QuickBooks Service

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Let's Meet for a Personalized Consultation.

Phone
(305) 671-0003Fax: (305) 671-6263
E-mail
info@piedracpa.com
Address
TOWN CENTER ONE
8950 SW 74th Court, Suite 1606
Miami, FL 33156
Business Days

Monday to Friday
9:00 a.m. to 5:00 p.m.