Analysis means to resolve or separate a thing into its component parts for tracing their relation to the whole and to each other. The analysis of financial statements is the process of evaluating the relationship between parts of financial statements in order to obtain a better understanding of a company's performance.
While balance sheets, income statements, cash flows, and statements of shareholders' equity indicate financial standing, a financial statement analysis report provides insights into the company's strengths and weaknesses. It paints a picture of the company's financial health. Regular financial performance analysis is important in helping you manage your business and make good decisions.
It's important for small business owners to understand and use financial statements, because they provide key measures of success used by bankers, investors, and outside analysts and are required for tax purposes.
Advantage Tax & Business Services provides small business financial analysis in Reno, NV. We complete all work on time and within budget. Check out the rest of our website to learn more about how we can help you.
We're licensed, bonded, and locally owned, with more than 25 years of experience. So whether you need tax preparation, bookkeeping, payroll services, or financial statements and analysis, call us for a free estimate.
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