Financial Statements Preparation
Profit and loss account, balance sheet and notes.
- Fee: Quotation required
- Online, anywhere in Pakistan
About this service
Banks, tender committees, investors, SECP and FBR all ask for financial statements. We prepare them from your books or trial balance in a proper format:
- Statement of profit or loss (income statement)
- Statement of financial position (balance sheet)
- Cash flow statement and statement of changes in equity, where needed
- Notes and schedules, such as fixed assets and depreciation
Where the books are incomplete we first bring them up to date from bank statements and source documents, and we tell you plainly about any item we could not verify.
Please note: preparing financial statements is not the same as auditing them. A statutory audit, where your company needs one, is carried out independently by a practising firm of chartered accountants. We prepare the statements and schedules that the auditors work from; we do not issue audit reports.
Documents required
- Trial balance and general ledger, or the books of account
- Bank statements for the year with closing balances
- Fixed asset details with purchase dates and costs
- Stock (inventory) value at year end
- Lists of receivables and payables at year end
- Loan statements
- Last year's financial statements
Exact requirements depend on your case. Your officer will confirm the final list after reviewing your details.
How it works
- Send the inquiry form on this page with your contact details.
- We review your books and confirm the scope and the fee with you.
- We prepare the draft financial statements and send you our questions on any unclear items.
- You review the draft and confirm the figures.
- We issue the final statements for signature by the owners or directors.
Frequently asked questions
Are these audited financial statements?
No. We prepare financial statements. An audit is a separate, independent engagement by a practising chartered accountant firm, and we can prepare the working papers that auditors need.
My books are not complete. Can you still prepare statements?
Usually yes. We rebuild the records from bank statements and documents first; this takes longer and we explain the limits of what can be confirmed.
Which accounting framework is used?
The framework that applies to your type of entity in Pakistan under company law and the accounting standards in force. We confirm it at the start.
Ask about Financial Statements Preparation
Tell us a little about your case. We reply with the requirements and a fee quotation — no payment is needed to ask.
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