Financial Reporting Services

Financial reporting services are one of the key ways Jessi’s Bookkeeping & Financial Services helps you make good financial decisions for the future of your business. Whether you are a million-dollar company or a start-up, I have the expertise to help you set and meet financial goals. As a trained accountant based in South Dakota, I can generate and interpret a range of complex financial reports, giving you and your stakeholders a complete picture of your business’s finances.

Financial reporting can be combined with other services to meet all of your business accounting needs.

The Importance of Financial Reporting

Financial reporting is one of the best tools company decision-makers can use to determine the health of their business. Financial reporting can help you catch early signs that your business is not performing as well as it should be. This allows you to make adjustments before it’s too late. Here are a few of the benefits of financial reporting:

Identifying Trends

Financial reporting can help you identify trends within your company’s finances. While one underperforming quarter is probably not cause for alarm, if you notice a consistent drop in earnings, you may need to evaluate your business operations. You can also identify where your business is performing well and invest more resources in those areas.

Improving Operations

Evaluating profit and cash flow can help identify issues within the company and improve efficiency. If your business is consistently overspending in one department, for example, you can look for ways to cut costs for the next quarter.

Creating Transparency

Financial reporting is a great way to build trust among investors and stakeholders. Sharing your financial reports demonstrates that you are handling the company’s funds wisely and with integrity. This level of transparency can also help draw interest from new investors.

Planning for the Future

Understanding your current spending and profits can help you set the budget for the coming year. Your financial reports will show areas that can benefit from additional funding, places where funding may need to be cut, and the steps you’ll need to take to meet your financial goals.

Types of Financial Reporting

Financial reporting with Jessi’s Bookkeeping & Financial Services can be customized to the needs of your business. Here are the most common types of financial reports that I can provide for your business:

Balance sheets
Income statements
Cash flow statements
Statements of shareholder equity
Quarterly and year-end statements
Profit/loss snapshots

A balance sheet, income statement, and cash flow statement are enough for most small businesses. If you need more specialized information, however, contact me directly to discuss your options.

Understanding Financial Reports

Understanding financial statements can be challenging. However, I meet with each of my financial reporting clients regularly to review my findings and offer insights. I will walk you through how to read a financial statement and point out areas for improvement. We can then work together to come up with a plan that makes sense for your business.

After our meetings, you will feel confident explaining your business finances to other stakeholders and decision makers.

Transparent Financial Analysis with Jessi’s Bookkeeping & Financial Services

I founded Jessi’s Bookkeeping & Financial Services to meet a need in the business community for transparent accounting services. I have seen too many South Dakota small businesses fail because they couldn’t afford the financial guidance they so desperately needed. If I notice issues with your finances, I will inform you immediately and work with you to find a solution. Schedule a free consultation today to learn more about what I can offer your business, from payroll management to tax support.