Accounting brilliance is not just about accuracy; it’s about infusing financial narratives with wisdom.
Emily White

Accounting and bookkeeping are a continuous process, and the success of this process reflects in Financial Report. Financial Reports not only helps a person to analyze any error in accounting done so far, but it also allows business owners to understand how well their business is doing. For business, financial reporting is like a financial health report. These are
made by every business, mainly to analyze and evaluate the company’s financial performance. Financial Reports provides a basis for comparison between how the organization has performed in the past and how it is performing presently.

1. Preparation of Monthly / Quarterly / Annual Reports

Financial statements or financial reports are formal records of an entity’s financial activity. It is the main part of any business plan for attracting investors or loans. A bookkeeper usually creates monthly financial reports by setting financial strategies.

Why Monthly Reports are necessary?

  • If the business can efficiently generate cash flow & where the cash needs to be used
  • Finding the potential issues that impact profitability
  • Particular information about a business transaction
  • Calculating whether the company can pay its debts
  • Developing the financial ratio with a financial position

T Squad help you set up automated accounting and processing systems for fast data entry and quick preparation of reports.

2. Trial balance, Profit & Loss Statement and Balance Sheet Preparation

  • Every business wants to know the incomes earned and expenses incurred during a particular period, usually at the end of the year. Profit & Loss Account reflects the income and expenses of the business.
  • It is a financial statement reflecting the outcome of business activities of an organization during an accounting period. The Profit & Loss Account reports the incomes and expenses directly related to an organization to measure the performance in terms of profit or loss.
  • A balance sheet portrays the value of assets owned by an organization, liquidity and solvency of the organization. The balance sheet is utilized to study the ability of the organization in meeting its financial goals.

T Sqaud prepare your final accounts with accuracy and efficiency to help you ascertain the operational result and the financial position of your business.

3. Forecasting & Budgeting

  • Achieving strategic goals and optimizing performance is essential for the growth of any company. Two key processes involved here are budgeting and forecasting.
  • The budgeting process involves setting financial goals and objectives for a specific time frame, usually a year. It involves estimating the expected revenues and expenses of the business based on various assumptions and scenarios.
  • Forecasting is predicting the actual financial outcomes of the business based on historical data and current trends. It involves analyzing past performance and external factors that affect the future results of the business.
  • Budgeting and forecasting are both essential for effective financial management. They help businesses plan, monitor progress, identify risks and opportunities, make informed decisions, and communicate their vision to stakeholders.
We don’t crunch numbers. We solve problems. We help you set targets, align funds for operations and forecast the sales goals.

4. Cash Flow Management

  • Cash flow management is the process of planning, tracking, and controlling the movement of cash in and out of a business. It involves forecasting future cash needs and ensuring that there are sufficient funds available to meet these needs, as well as managing any excess cash in a way that maximizes its value.
  • Cash flow management is an important aspect of financial planning and can help a business to stay financially stable and avoid financial challenges, such as bankruptcy or default on loans.
  • Some common strategies include forecasting cash flow, conducting a cash flow analysis, reducing expenses, increasing revenue, and optimizing the timing of payments and receipts.
Never take your eyes off the cash flow because it’s the lifeblood of business
Sir. Richard Branson

We calculate your net cash flow to help you determine your financial position and ascertain your future business prospects.

5. Ledger Management

  • In the dynamic world of accounting and finance, the ledger stands as a fundamental cornerstone, a testament to the meticulous art of financial record-keeping and analysis. This comprehensive guide delves into the heart of accounting practices, unraveling the complexities and significance of ledgers in a manner that is both informative and accessible.
  • Ledger management involves maintaining and updating a company’s accounting system, including the general ledger, which is a comprehensive record of all financial transactions.
  • The ultimate aim is to ensure accurate bookkeeping, streamlined processes and maximum efficiency when it comes to ledger management.
Using digitized accounting software, we post entries to the general ledger, total the ledger accounts, and prepare the trial balance for your business.

Outsource Financial Reporting Service Advantage

Outsourcing your Financial Reporting Services will help you in the following manner –

  • Reduction of time taken in analysing and preparing financial reports
  • Save on cost involve in purchase of financial reporting software
  • Access to financial experts under one roof
  • Increase accuracy thus providing error-free analysis of data
  • Enhanced business decision making
  • Always up to date with current legislation and technology
Want Financial Report for Decision Making Process or Audit Purpose?

Let us prepare for you an accurate Financial Report that helps you understand your business’s current position!!