Financial Statement

Our team of expert accountants has the knowledge and vast experience with many industries.

In a matter of days your business financial statement will be prepared by our accountant and will communicate financial statements in easy to understand manner for you.

How we can help?

Notice to Reader

Notice to Reader statement is normally required by financial institutions. Notice to Reader is the compilations of information provided by the company. The information undergoes no tests and the accountant preparing them offers no opinion or assurance.

Statement of Cash Flow (if required).

The cash flow statement (CFS) measures how well a company manages its cash position, meaning how well the company generates cash to pay its debt obligations and fund its operating expenses.

Statement of Financial Position

This statement provides the financial health of a company at a specific point in time. Investors and creditors (e.g. bank) will use this statement to determine how efficiently a company is using its resources and how efficiently is it being financed.

Notes to Financial Statement

Notes to the financial statements disclose the detailed assumptions made by accountants when preparing a company's: income statement, balance sheet, statement of changes of financial position or statement of retained earnings. The notes are essential to fully understanding these documents.

Statement of Comprehensive Income

Comprehensive income is the variation in a company's net assets from non-owner sources during a specific period. Comprehensive income includes net income and unrealized income, such as unrealized gains or losses on hedge/derivative financial instruments and foreign currency transaction gains or losses. This statement provides a holistic view of a company's income not fully captured on the income statement.

Retained Earnings Statement

The statement of retained earnings (retained earnings statement) is a financial statement that outlines the changes in retained earnings for a company over a specified period.

Business Registration Benefits

What are the benefits of business registrations in Canada?

Registering your business gives your potential customers confidence that they are dealing with a reputable organization and helps to build your business brand. It also provides the base for potential future loan and grant applications.

How can real estate corporation benefit in Ontario?

A personal real estate corporation offers real estate professionals the ability to take advantage of the flexibility in income planning and tax planning that incorporation brings which was not available in Ontario.

How are new businesses during COVID-19 are able to withstand?

Our team has access to wide range of Government programs. We would love to help your existing or new business to apply and get benefits from the eligible programs.