Annual financial statements represent the closing of a fiscal year, and include a calculation of profit and loss. The counterpart for freelance (self-employed) professionals and for small businesses is called “excess revenue statement“. It serves the same purpose.
The balance – the comparison of assets and liabilities on the balance sheet date – is a key component of financial statements. Deadlines are adjusted by type of company and can range from three to twelve months.
Annual financial statements are among the most important documents for you as a business, because they contain all the ‘bare’ facts of your company: balance sheet, profit, loss – all this and much more is shown on this statement.
Your job is to provide me with the necessary documents. I transform the numbers
from your accounting records (and other data) into a ’round’ package.