Home/Accounting & Financial Reporting/Financial Statements & Reports For Management And Lending Needs
Numbers You Can Hand To A Banker Or A Board
Statements and reports prepared from your closed books, ready for running the business, planning the next year, or answering a lending request.
What The Package Includes
Financial statements and reports prepared to support business management, planning, board needs, and lending requests, with supporting schedules available as appropriate. The same set of numbers serves the owner deciding what to do next, the board reviewing the year, and the bank weighing a loan.
- Balance sheet and income statement for the period requested
- Statement of cash flows where it is needed
- Supporting schedules such as receivables aging, debt, and fixed assets, as appropriate
- Budget or prior-period comparisons for planning and board meetings
- A plain summary of what the numbers show
Know What Was Asked For
Lenders, boards, and landlords ask for different things, and the details matter: which statements, which period, and which schedules. Bring the request in writing.
The package is built to what was actually asked for. If a request calls for something this firm does not prepare, you will hear that plainly at the start, rather than after a deadline has moved.
Getting There From Your Books
Statements are only as good as the records behind them. Where the books are current and reconciled, preparation is quick. Where they are not, catch-up and cleanup work comes first, because putting unreconciled numbers into a tidy format does not make them right.
That is the most common reason a loan application stalls, and it is why lender requests often start a bookkeeping engagement.
Statements For Huntsville, AL Lenders, Boards, And Owners
Businesses across Huntsville, AL, Madison, AL, Harvest, AL, Athens, AL, and North Alabama use these for bank financing, equipment loans, surety bonding, commercial leases, board meetings, and their own planning. The timeline usually depends on the state of the books rather than on the statements themselves.
Common Questions On Financial Statements And Reports
What does a lending package usually include?
A balance sheet and income statement for the period the lender names, often a statement of cash flows, and whatever supporting schedules they ask for, such as receivables aging, debt, or fixed assets.
How long does it take?
If the books are closed and reconciled, quickly. If they are not, the timeline is set by the bookkeeping work in front of it, which is worth knowing before you promise the lender a date.
What if the lender asks for something specific?
Get the request in writing and bring it. The package is built to what was actually asked for, and if a request calls for something this firm does not prepare, you will hear that at the start rather than near the deadline.
Next Steps Clients Take
Monthly Financial Reporting Package
Profit and loss, balance sheet, cash flow, aging, and prior-period comparisons built from the closed month, delivered with a written summary of what moved and what to watch.
Read moreCatch-Up & Cleanup Bookkeeping
Prior months and prior years brought current, oldest period first, with every account reconciled before the next one opens.
Read moreMonthly Bookkeeping
The most common arrangement in the practice.
Read moreOne Conversation Usually Settles It
Most people find the situation is smaller than it looked once someone has actually walked through it with them.