Accurate and timely produced financial statements are an important aspect of a medium to small sized business with lenders or growth plans that may include investors. Randolph Business Resources provides many financial statements on an on-going basis, tailored to the needs of each particular client, including cash flow statements, balance sheets, and income statements.
Our services range from financial reporting to lenders, banks and bonding companies, all the way to basic monthly reporting to owners. Each report includes a package of information that shows not only the actual report but also a variance analysis and a narrative of what happened during the month. Randolph Business Resources prides itself on offering their clients the added value of detailed analysis of prior performance, while projecting how these variances will affect the future of the company.
Every company needs a cash flow statement showing the progression of cash in a stated period of time. This report shows operating expenses, investment and long term asset changes, and cash received. The balance sheet is another important recurring report. This document organizes financial information based on a specific time frame as well, typically an established period of 4 weeks time. The assets section includes cash (from the cash flow statement), money owed from customers, inventory, and fixed assets such as the building and equipment. The liabilities section includes any money due to be paid out by the end of the period. And the Stockholders’ equity section is generally defined as the difference between the assets and liability sections.
The Income Statement shows the profitability of a company during a specific period of time. This could be 4 weeks, monthly, quarterly or annually. This report shows revenues, expenses, gains, and losses. It is common for even small companies to receive a number of these reports on a regular basis. With Randolph Business Resources, you always get a full explanation of the numbers, and interpretation of the information to help guide future financial decisions for the business.