bbrfintax@gmail.com +91 9381589006

Online Financial Statement

Start Financial Statement

Obtain your Financial Statement Online at INR 4500/- only.

Apply for Financial Statement with BBR FinTax Solutions.

GST Registration Consultant

Get Your Loan Financial Statement

What are Financial Statements?

Financial Statements are formal records of a business’s financial activities and performance over a specific period.

They help stakeholders, management, and regulators understand the company’s financial position, profitability, and cash flow.

  • Balance Sheet – Shows assets, liabilities, and equity.
  • Profit & Loss (P&L) Statement – Summarizes income, expenses, and net profit/loss.
  • Cash Flow Statement – Tracks cash inflows and outflows.
  • Statement of Changes in Equity – Shows changes in owners’ equity.
Financial Statements

Who Needs Financial Statement Preparation?

Proprietorships, Partnerships, LLPs, and Companies for internal management.

Banks and Financial Institutions for loan applications.

Investors and Stakeholders for performance evaluation.

Tax Authorities for Income Tax and GST compliance.

Auditors for statutory audits.

Documents/Information Required

  • Accounting ledgers and journals
  • Bank statements
  • Sales and purchase invoices
  • Payroll and employee expense records
  • Inventory records
  • Loan and interest details
  • TDS, GST, PT, PF, and ESI payment records

Steps to Prepare Financial Statements

1

Record All Transactions

Maintain complete books of accounts including sales, purchases, expenses, and receipts.

2

Trial Balance Preparation

Summarize all ledger balances to ensure debits equal credits.

3

Adjustments

Include prepaid expenses, accrued income, depreciation, provisions, and tax adjustments.

4

Prepare P&L Statement

Calculate revenue, expenses, and net profit/loss.

5

Prepare Balance Sheet

List assets, liabilities, and equity to show financial position.

6

Prepare Cash Flow Statement

Classify cash inflows/outflows into operating, investing, and financing activities.

7

Finalize and Review

Ensure accuracy, compliance with accounting standards (Ind AS/IGAAP), and statutory requirements.

Benefits of Financial Statement Preparation

Accurate Insights

Provides accurate financial insights for decision-making.

Compliance

Ensures compliance with tax authorities and statutory regulations.

Funding Support

Helps in loan applications, investor pitches, and audits.

Planning

Enables budgeting, forecasting, and strategic planning.

Tracks Health

Tracks profitability, liquidity, and financial health.