Customized Financial Reporting. For Your Business. Done by a Certified Professional Accountant
Our virtual bookkeepers and accountants will work hand in hand so your financial reporting doesn’t happen in silos. We often see a disconnect between bookkeeping and accounting so whether LedgersOnline is handling your bookkeeping or you have another solution already in place, our goal is to provide the reporting you need, when you need it, and for your specific purpose.
Why Your Business Needs Financial Reporting
Customized financial reporting is more accessible than ever if you partner with the right team. With a practical and hands on approach, LedgersOnline will start by ensuring you have a proper bookkeeping system in place and your bookkeeping is current. This way you can be confident that your data is accurate whatever you are using your financial reports for.
Decision Making:
Financial reports provide crucial information for making strategic decisions about investments, expansions, or operational changes. We are able to help keep your books up-to-date and prepare financial information that is relevant and crucial in your key business decisions.
Raising Capital:
Lenders and creditors use financial reports to evaluate the creditworthiness of a business when considering loan applications or extending credit terms. Keeping your financial reports up-to-date in a timely manner allows businesses to be always ready to raise capital should the need arise.
Investor Relations:
Investors, shareholders, and potential stakeholders rely on financial reports to assess the financial health and performance of the business before making investment decisions.
Compliance and Governance:
While the CRA doesn’t mandate accounting standards compliance, our focus extends beyond that. Corporations and non-profits need regular reporting for regulatory alignment.
Our Certified Public Accountants are ready to assist with financial information preparation, ensuring compliance with any regulations and standards. From navigating CRA requirements to industry alignment, our CPAs can provide any kind of support that you need.
Tax Purposes:
Accurate financial reports are essential for calculating and filing taxes, ensuring compliance with regional and federal tax laws, and optimizing tax planning strategies.
Internal Management:
Financial reports help executives and key team members track financial performance, identify areas for improvement, and make informed decisions about resource allocation and budgeting.
Benchmarking:
Comparing financial reports with industry benchmarks can provide insights into the business’s relative performance and areas for improvement.
Transparency and Accountability:
Financial reporting promotes transparency and accountability within the organization by providing stakeholders with clear and standardized information about the business’s financial position and performance.
Financial Reporting Services
Income Statement (Profit and Loss Statement):
This report provides a comprehensive view of the company’s operating performance. It outlines your company’s revenues, expenses, and profits or losses over a period of time.
Key Performance Indicators (KPIs):
Performance reports will include industry specific KPIs such as gross margin, net profit margin, return on investment (ROI), or other metrics relevant to measuring success.
Sales and Revenue Reports:
Report detailing the sources of your company’s revenue, sales figures for different products or services, and any trends or patterns in sales performance.
Expense Reports:
A breakdown of various business and operation expenses, to analyze where the money is being spent and identify areas for cost reduction.
Budget vs. Actual Analysis:
A comparison report between your budgeted and actual figures to assess how well the company is following financial plans.
Trend Analysis:
A report examining your businesses financial data over time to identify patterns or trends that can influence decision-making.
Cash Flow Statement:
This report categorizes cash inflows and outflows into operating, investing, and financing activities, providing insights into your company’s ability to generate and manage cash.
Cash Forecast:
A projection of expected cash flows in the future, helping your business plan for potential cash shortages or surpluses.
Accounts Receivable Aging Report:
Outlines outstanding invoices to help you assess the efficiency of the company’s credit and collection policies.
Accounts Payable Aging Report:
This repost highlights your unpaid bills, categorizing them based on their date, to manage and prioritize payments to suppliers.
Working Capital Analysis:
This report looks into the company’s working capital to ensure there’s enough liquidity to cover short-term obligations.
Investment Analysis:
This report examines your business’ cash flow that relates to investments in assets, projects, or acquisitions.
Different Than Your Average Virtual Accountant
Years of Know-How
We’ve been around the block, and our 20+ years of experience combining people with technology shows in the highly rated services we provide. We are different from your average accountant.
Canadian Based:
Our team is entirely based in Canada and we provide a Canadian-centric solution to our clients.
Tailored Solutions:
We don’t believe in a cookie-cutter solution! We work closely with you to build a custom financial reporting plan to fit your business’ unique needs.
Seamless Transitions:
We know switching bookkeepers or accountants can feel like a big change, we are dedicated to making the transition as smooth as possible. Our team fits into your organization like the missing puzzle piece, fulfilling your accounting and bookkeeping needs without creating any disruptions.
Rule-Following Pros:
Don’t stress about reporting and regulations—we’ve got covered. LedgersOnline keeps your records in line with any rules and regulations, giving you peace of mind.
Clear and Simple Records:
We make your finances easy to understand, giving you the clarity you need to make smart business moves. We’ll explain our reasoning on why we do what we do, and be with you at every step.
Interested in Our Accounting Solution? Let’s Talk.
Schedule a call or call us at
1-855-998-3041
