Prepare Financial Statements

Each set of accounts is usually unique and non-repeatable. Financial statements are usually prepared by trained accountants who understand the requirements for each set of accounts. A person with no accounting training may be incapable of coming up with a proper set of financial statements. Thus, our advice is to hire the right person – a professional accountant – to ensure that the preparation of the financial statements can be completed with minimal trouble.

In order to prepare a set of financial statements effectively, you need the following information on hand:

• The general ledger and management account for the current year.
• The previous year’s financial statements.
• This year’s corporate tax transactions.
• Fixed asset listings and any other supporting information that you think may need to disclose.