Financial Statements
Service
Get your Financial Statements prepared by expert accountants.
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Xero Platinum
Champion Partner - Tax Agent 25955893
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Why do I need financial statements?
Financial Statements are a summary of the business transactions for a period categorised into the profit and loss statement and balance sheet.
The profit and loss statement report’s the business income and expenditure for the financial year. Included is income received and expenses paid through the bank account, and also sales and purchase invoices.
The balance sheet includes the following;
- Assets
- Liabilities
- Equity
It is here, the business reports the financial position of the company.
These services are used to track performance and provide key stakeholders with metrics on the business health and performance. They are used to make strategic decisions and optimise the decision-making process.
If you are looking for funding, These services are generally required to be provided and banks or investors will rely upon these to determine the likelihood of providing capital.
It is good practice to prepare each year to ensure your accounts are being tracked.
Financial statements preparation start from the low price of $500 + gst
The team are experts in preparing and lodging your statements
Receive communication on complex matters in simple and effective language
Lodge your financial statements in a fast and efficient manner whilst enjoying the benefits of cloud accounting
Cloud-Based
Business Is Here
POP Business is a tech-focused cloud Tax accountant helping businesses around Australia. We are proudly a “paperless” accountant to limit our carbon footprint and increase the speed at which you can move your business forward.
- Live accounts and detailed financial reporting
- Save thousands in tax
- Trusted and qualified accountants
How we work with you
Our experienced accountants and intuitive cloud-based software help to provide professional and more affordable services. With efficient accounting systems and effective support, you can focus on what matters most to you: running your business, saving your money, time and keeping your peace of mind.
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You may need to catch-up on your annual tax compliance, enhance your business accounting or you may want to simply reduce your tax. Tax and accounting doesn’t need to be your thing, get a professional tax accountant to take care of it for you.
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Frequently asked questions
Financial Sta
tements
The basics of an enterprise includes:
- balance sheet (statement of financial position)
- income statement
- statement of changes in owners’ equity or stockholders’ equity.
- Notes to the these services
Although all companies should keep financial records, some types of companies need to keep these records for the purposes of preparing and lodging financial statements with the ASIC.
Corporations Act requires the following entities to prepare financial statements:
- Disclosing entities
- Public companies
- Companies limited by guarantee (except small ones)
- All large proprietary companies that are not disclosing entities
- All registered managed investment schemes
- Small proprietary companies that are foreign-controlled
- Small proprietary companies that have one or more crowd-sourced funding shareholders at any time during the year.
A financial audit is an independent, objective evaluation of an organisation’s financial reports and financial reporting processes. The primary purpose for financial audits is to give regulators, investors, Directors, and managers reasonable assurance that financial statements are accurate and complete.
Most small businesses are not required to be audited. That said, best to check with POP to ensure your business remains complient.
You can lodge your financial statements through the following methods:
- Lodging online with ASIC: You can lodge online through the company officeholder, registered agent and auditor portals after you have registered for access.
- Lodging using Standard Business Reporting (SBR): If your financial, accounting or payroll software is SBR-enabled, you can lodge through the Standard Business Reporting (SBR) Program.
You can get started by simply filling out the enquiry form on this page.
You can also email team@pop-business.com.au
The turnaround time will usually be within 10 business days.
We communicate through email and phone mostly.
You can provide user access to your online accounting software so we can get the required business transactions for the tax lodgement.
We are located in Chippendale, Sydney.
All our professional accountants are located within Australia and your work is not outsourced overseas.
We ensure a high quality is maintained throughout the process.
Need help? Call and speak to one of our expert accountants for free at 1300 180 630
You may need to catch up on your annual tax compliance, or get advice to enhance your business, or you may want to simply reduce your tax. Tax and accounting doesn’t need to be your thing, get a professional to take care of it for you.