Financial Statement Preparation

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Louis F. Patten CPA provides Financial Statements Services in the Lake Worth, Boynton Beach and Wellington areas.


Financial tools such as Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.  An income statement, otherwise known as a profit and loss statement, basically adds an itemized list of all your revenues and subtracts an itemized list of all your expenses to come up with a profit or loss for the period.

An income statement allows you to :
1. Track revenues and expenses so that you can determine the operating performance of your business.
2. Determine what areas of your business are over-budget or under-budget.
3. Identify specific items that are causing unexpected expenditures. Like phone, fax, mail, or supply expenses.
4. Track dramatic increases in product returns or cost of goods sold as a percentage of sales.
5. Determine your income tax liability.

Having Louis F. Patten CPA review your financial statements allows him to evaluate your business in an effective manner and provide a path to determine your business’ efficiency and growth potential.

Louis F. Patten C.P.A. is a full service accounting firm.

Contact us today for reasonable rates on our financial statement preparation services.

 


7556 Lake Worth Road, Suite 105, Lake Worth, FL 33467

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