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Accounting

Financial Reporting

Financial statements that help you understand the business behind the numbers. Reliable financial reporting gives owners, management teams, boards, and other stakeholders greater visibility into financial performance and position.

A desk with a laptop, financial reports and accounting books, the firm's name and monogram on the wall behind it

Turn Accounting Data Into Useful Information

Financial statements should do more than satisfy a reporting requirement. They should help you understand what is happening within your organization.

Akato & Associates prepares financial reports designed to provide clear, organized financial information for management and decision-making.

Financial Reporting Services

  • Profit & Loss Statements — Understand revenue, expenses, and profitability over a specific period.
  • Balance Sheets — See your organization's assets, liabilities, and equity at a particular point in time.
  • Cash Flow Reporting — Better understand how cash is generated and used throughout the organization.
  • Comparative Financial Reporting — Compare current results with prior periods, budgets, or other relevant benchmarks.
  • Management Reporting — Customized reporting may be developed when management needs greater visibility into particular areas of the business.
  • Board & Organizational Reporting — Financial reporting designed to help boards and organizational leadership understand financial activity and position.

Understanding the Numbers

Financial statements become more valuable when you understand what is driving the results.

Depending on the engagement, we can help identify trends, unusual fluctuations, changes in expenses, cash-flow considerations, and other financial developments requiring management's attention.

Frequently Asked Questions

How often should financial statements be prepared?
It depends on the organization. Many businesses benefit from monthly reporting, while some organizations may require quarterly or other reporting schedules.
What's the difference between bookkeeping and financial reporting?
Bookkeeping focuses on maintaining accurate accounting records. Financial reporting organizes that accounting information into statements and reports that help users understand financial performance and position.
Can you prepare reports for a lender or board?
Yes, depending on the reporting requirements and scope of the engagement.
Can you help me understand my financial statements?
Yes. We can help explain significant balances, trends, and changes reflected in the reports.

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Turn Your Numbers Into Useful Information

Reliable financial reporting can provide greater clarity into your organization's performance and financial position.

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