At least annually we prepare financial statements for all our business clients. These incorporate a profit and loss statement and a balance sheet report. These are prepared to meet the ATO reporting requirements and also to assist our clients in understanding the financial performance and position of their business.
For some business clients we prepare financial statements on a more frequent basis. These are used for more regular analysis of the business performance and for tax planning purposes. With many of our business clients using MYOB to maintain their financial records, we often help them to undertake analysis using Microsoft Excel and produce regular management reports.