Manage InvestmentUnderstand where you are
FINANCIAL STATEMENTS
Understand where you are
Being in business means that you must have up to date, and timely information, to enable you to make informed decisions about the business and its direction. Never before has this been more true, with what the 2020 year has thrown up for us.
We work closely with our clients to help them understand their business and the numbers behind it. We help you to understand what the numbers are telling us, and help find ways to allow you, the business owner, to achieve your goals.
We are big believers in having the right tools for the job, and having up to date financial information is imperative, to allow you to determine, measure and achieve your goals.
With technology allowing us faster access and more accurate information, there is no excuse not to be at the forefront, using this technology to your advantage. We are certified Xero advisors, and thus can help you with the implementation and use of the Xero accounting software.
BALANCE SHEETS
Shows business/company assets, liability, shareholder equity at a specific point in time.
INCOME STATEMENTS
Shows business/company profit and loss, and how efficiently a business is operating.
CASH FLOW STATEMENTS
Shows cash coming in and out of a business/company over a specified reporting period.
Financial Statements and Accounting
Why does your business need up to date financial statements?Understanding the position that your business is in at any given time with current financial statements is essential for business owners and stakeholders. Planning for growth, whether this is investing in additional equipment, software, upskilling staff, bringing on additional team members, or expanding to more locations relies on accurate information to make informed decisions.
Dealing with unexpected events, changes, or pivoting business models requires a comprehensive view of the state of the business, cash flowing in and out, profitability, and potential for restructuring to ensure that the correct amount of tax is paid, but no more.
As a busy business owner, you may not have the time or expertise to navigate bookkeeping, reconciliation, or generation of financial statements. You may need assistance in interpreting financial statements, comparing to previous reporting periods, or understanding cash available for purchases to nurture growth.
That’s where Burley Tax & Advisory can help. We can break down complex financials into easy to understand actionable steps. Take your business to the next level, with qualified tax and business advisory services that make your job as a business owner so much easier.