Financial report

What is a financial statement?

• A financial statement is a financial document prepared by businesses, organizations or individuals to provide information about the financial position and results of their business activities for a certain period of time. usually a financial year.
• Financial statements include information about revenue, expenses, profit or loss, assets, liabilities, equity, and other financial metrics. This information is expressed as the income statement, the statement of assets, and the statement of cash flows.
• Financial statements are an important tool that helps managers, shareholders and other stakeholders evaluate a business’s performance and make business decisions. In addition, it plays an important role in assessing the financial ability of the business to borrow capital or invest from third parties.

T&H Financial Reporting Services will complete the following tasks for you:

1. Collect invoices, vouchers and books of the enterprise;
2. Collecting notices on applicable accounting regimes and forms and methods of depreciation of fixed assets;
3. Surveying the actual situation and operational processes of enterprises;
4. Reviewing vouchers, accounting books, classifying and arranging vouchers;
5. Remove and correct inappropriate documents;
6. Prepare tables of allocation of tools, instruments, prepaid fees, fees waiting for transfer;
7. Check the cost of salary, health insurance, social insurance…;
8. Calculating and making amortization tables of fixed assets;
9. Accounting on professional accounting software;
10. Discuss with enterprises the contents and operations related to the performance results;
11. Consolidating and synthesizing information to make accounting books, business results, explaining financial statements;
12. Advising businesses on relevant contents in the process of synthesizing to prepare financial statements…
13. Print financial statements and accounting books as prescribed.

However, the T&H Service needs you to provide:

1. Input and output VAT invoices in the reporting year
2. Salary sheet and information of employee’s ID/Passport
3. Company bank account statement for the reporting year
4. The balance sheet of the account for the year before the report