Monthly Financial Statements.
Monthly financial statements give you a profit and loss account, balance sheet and cash flow statement every month, with management information alongside. We close the month with accruals, depreciation and reconciliations so the figures are reliable, then add MIS that shows how the month compares with budget and with the previous year.
Typically delivered within 10–15 working days of month-end. The timeliness of bookkeeping, inventory data and accrual information drives the time.
A partner — a chartered accountant or company secretary — from the first call to sign-off.
Based on your situation, and fixed in writing before any work starts.
Is this for you?
- Owners and boards who want to run the business on current numbers
- Companies reporting monthly to investors or lenders
- Businesses with loan covenants tied to monthly results
- Indian subsidiaries sending monthly reporting packs to a foreign parent
What you receive at the end.
- 01Monthly profit and loss account, balance sheet and cash flow statement
- 02MIS pack with variance commentary
- 03Key ratio and KPI summary
- 04Schedule of reconciliations and open items
Monthly Financial Statements, step by step.
Typically delivered within 10–15 working days of month-end. The timeliness of bookkeeping, inventory data and accrual information drives the time.
- 1
Month-end close
We post accruals, prepayments, depreciation and provisions once the books are updated.
- 2
Balance reconciliation
We reconcile bank, receivables, payables, inventory and statutory ledgers.
- 3
Statement preparation
We prepare the profit and loss account, balance sheet and cash flow statement.
- 4
MIS and analysis
We add budget and prior-period comparisons, key ratios and commentary on variances.
- 5
Review meeting
We walk you through the results and agree actions on open items.
What we need from you.
Don't have everything yet? We send a short checklist after the first call and work with what you have.
- Updated books, or access to them
- Budget or targets for the year
- Payroll and inventory data for the month
- Information on unbilled revenue and bills not yet received
- Loan statements
The fee depends on your situation. After a short call, the partner who will do the work tells you what's involved and gives you a fixed fee in writing — before any work begins.
- Government fees and statutory charges are billed at actuals.
- When you pay — upfront, in stages or on completion — is agreed in writing with the fee.
Questions about Monthly Financial Statements.
Ready to discuss Monthly Financial Statements?
30-minute confidential call — no proposal, no commitment. A partner will write back within one business day.