Financial Statement Preparation Cumming, GA

A complete package is more than a P&L screenshot from QuickBooks. The Profit and Loss (income statement) shows revenue, cost of goods sold, gross profit, operating expenses, and net income for the period. The Balance Sheet shows assets, liabilities, and owner equity at a single point in time. The Statement of Cash Flows shows where cash came from (operating, investing, financing) and where it went.

For Cumming small business owners requesting financials for a lender or investor, we also include supporting schedules that the standard QuickBooks reports do not produce. A fixed asset listing with depreciation calculated cleanly. A loan amortization schedule for each note showing principal, interest, and remaining balance. An accounts receivable and accounts payable aging. A 1099 vendor summary at year end.

Everything is delivered in PDF for sharing and Excel for any further analysis the recipient wants to do. If your CPA, banker, or investor needs read-only access into the QuickBooks file itself, we set that up too.

Loan applications are the most common trigger. SBA loans, conventional bank loans, equipment financing, and SBA 7(a) loans all require two to three years of historical financials plus a current interim. Truist, Bank of America, United Community, Renasant, Pinnacle, and the SBA preferred lenders in north Georgia all have slightly different formatting preferences; we have packaged for most of them.

Building purchases, lease negotiations, and commercial refinancing are next. Landlords negotiating a new lease for office space off Market Place Boulevard or Buford Highway routinely ask for two years of financials before they finalize terms. Lenders refinancing a building need historical and projected statements together.

Selling the business is another big one. If you are five years out from a planned exit, the time to start producing real, lender-grade and buyer-grade financial statements is now, not the month before you put the business on the market.

Most Cumming small businesses we work with run monthly statements as part of their monthly bookkeeping engagement. The owner gets the P&L, balance sheet, and a cash snapshot every 15th of the following month. That cadence is enough for almost every operating decision and every conversation with a lender.

Quarterly statements add a bit more polish: a comparative quarter-over-quarter view, a year-to-date column, and a brief written summary of the quarter. We deliver these for clients who report to a board, an investor group, or a lender that requires quarterly compliance reporting.

Annual statements are the formal year-end package, often paired with tax-ready financial statements and the year-end bookkeeping close. These are what your CPA uses for the return and what most loan applications start from.

Monthly financial statements are included for clients on a monthly bookkeeping engagement. Standalone preparation (for clients who do their own bookkeeping but need clean formatting and supporting schedules for a specific request) is priced per package, usually $375 to $1,500 depending on complexity, number of entities, and turnaround time.

If your books need cleanup before financials can be prepared (which is the case for most Cumming small businesses we meet), we will quote that separately so you see the full cost up front. Statements built on top of broken books are not statements; they are guesses with logos.