Financial Statement Preparation Services

Like your business taxes, these must be prepared at least on a quarterly or annual basis. However, financial statements can be prepared whenever they are needed to give a clear picture of where a company stands. GPL can help you keep a grip on your firm’s financial position by preparing the following financial statements as frequently as you need them:


  • Income Statements: With your accounting journals and general ledger, we can give you a clear picture your bottom line.
  • Statement of Retained Earnings: The definitive record of the amount of profit retained for your company’s growth, and the dividends paid out to investors.
  • The Balance Sheet: The clearest possible picture of your company’s financial position on the last day of an accounting cycle. Your assets, liabilities, and owner’s equity will all be crystal clear.
  • Statement of Cash Flow: This statement draws upon the information from the other three statements, as well as balance sheets from two different years in order to show the company’s financial position in a cash basis.

Question: How often do I need to have financial statements prepared for my company?

Answer: Financial statements should be prepared whenever business tax filings need to be prepared are needed, as they are the only reliable way to know what your income, expenses, and profits are. However, they are useful tools whenever you need an easily accessible overview of your current financial positions.


More FAQs

Why GPL?

GPL is more than just another outside bookkeeping firm. We are a full-service company that sits at the center of an eco-system of knowledge and business connections. When you hire us, you not only get clear and accurate financial statements, you gain access to experts who can advise you on how to improve your business, bankers who may be able to help you with funding, insurance agents who can make sure you have the right coverage, and so on. We are home to a dream team of dedicated professionals, all of whom are are as dedicated to your financial success as you are.


Our Team

Dwayne Bishop

Dwayne Bishop


About Us

GPL Tax & Accounting is here to handle your personal and business tax preparation and planning needs. We can also handle your bookkeeping and accounting requirements. GPL provides all the tools and know-how you need to be in the best tax position while staying compliant with all tax regulations.

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What is a financial statement?
A financial statement is an outline of the financial activities of a business, an individual or any other entity.

What are the common elements of financial statements?
Typically, financial statements for businesses include: income statements, balance sheet, statements of retained earnings, and cash flows.


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