Trusted Accounting Firm for Financial Statement Preparation
Financial statements are an inevitable part of running a business. While it doesn't sound grand, they are critical to businesses of any size, helping with day-to-day operations and year-end documentation.
Our Expertise
We deliver trustworthy and reliable services for your accounting, tax, and advisory needs.
Our Financial Preparation Services
To give you a better idea of what the financial statements entail, let's have a closer look.
Balance Sheet
The balance sheet shows all your company's assets and liabilities, as well as your and other shareholders' equity. This allows you to see exactly what and how much your company owns and owes. It forms the foundation of how you are utilizing your assets and how healthy your company is at this point in time. This information will also allow you to make strategic decisions for your company's future.
Profit & Loss Report
Profit and loss reports, also known as income statements, summarize all revenues, costs, and expenses incurred during a specific period. This makes this report crucial for assessing your business's financial performance and identifying trends and areas for improvement.
Cash Flow Statement
Cash flow statements are vital documents documenting cash inflows and outflows. They allow you to analyze where money has come from and where it is going and identify where and how your cash flow can be improved or invested while maintaining liquidity.
Credit Decisions
Financial statements play a critical role in internal and external credit decisions. The reports give you a detailed and precise overview of where your company is standing financially and help you assess your creditworthiness. You can also send the statements to lenders, who will use them to determine whether or not to offer you a loan or line of credit.
Investment Decisions
Investors can also use comprehensive financial statements to analyze financial data and evaluate potential risks and returns when trying to determine whether your company might be a good fit for a profitable investment.
Taxation Decisions
Given how complex income taxation is and how crucial compliance is for any company, comprehensive and correct financial statements can help you optimize your tax planning. They will allow you to minimize your tax liabilities and take full advantage of all available deductions and credits.
Why Choose Stratos Consultants?
If you are looking for an experienced accounting firm who specializes in financial statements, Stratos Accounting & Consulting is the prime choice in Toronto & the GTA. We put our clients' needs first, offering personalized accounting services tailored to their specific requirements.
Experienced
We’re experienced accountants that will exceed your expectations of an ordinary accountant.
Value-added
We focus on adding value. Our results will assist in your growth, cost and time savings!
Turn-Key
Stratos provides small businesses with a turn-key solution inclusive of accounting, taxes, and SR&ED.
What Client Say About Us
I highly recommend working with Stratos to all my personal friends and business associates. Their attention to detail and service to their clients leave nothing to be desired. They are very personable and make you feel confident and comfortable when working together.
Pierre Deir
As a boutique corporate law firm, R&D LLP has collaborated with the team at Stratos on several financing transactions on behalf of mutual clients. They consistently deliver first-rate and effective solutions that greatly benefit our clients. Their professionalism and insight make them an indispensable resource.
Brett Roane
I was a bit stressed heading into Tax season but was very pleased with how the people at Stratos Accounting & Consulting took care of me. They took their time to understand all my concerns and gave me the absolute best solution. I was very satisfied with my results. Definitely recommend this firm to everyone! And Good luck on your returns!
Airig Malik
Had a great experience here at Stratos Accounting. They are very professional and very good at making sure the job is done the correct and right way. Highly recommend everyone to use their services as they are always there for the client!
Harpreet Minhas
Very professional. Main thing I really loved was the communication. Had a few accountants in the back but they made me feel like I was the only customer they were dealing with. I appreciate it. Thank you!
Asif Jakka
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