Financial Statement Preparation

Clear, Accurate & Ready When You Are

We prepare reliable financial statements for Camden and Midcoast Maine businesses, giving you organized reports for planning, loans, and tax season.

Reports That Tell the Full Story

Organized Numbers, Practical Insights

Financial statements are more than just paperwork—they’re the foundation for making smart business decisions. We work with small businesses in Camden, Rockport, Rockland, and surrounding towns to prepare accurate income statements, balance sheets, and cash flow reports. Whether you need statements for a bank, tax preparer, or just to better understand your business, we’ll make sure they are clear, complete, and delivered on time.

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What Statement Preparation Includes

Accurate Reports You Can Rely On

Income Statements (P&L)

A detailed summary of your revenue and expenses, giving you a clear look at profitability over any period of time.

Balance Sheets

A snapshot of your business’s assets, liabilities, and equity to understand financial position at a glance.

Cash Flow Statements

Reports that show how money is moving in and out of your business, helping you plan for upcoming expenses and investments.

Custom Reports

We can create additional or specialized reports to meet lender requirements, support tax filings, or provide internal insights.

Catch-Up & Clean-Up

If your books aren’t current, we’ll get them organized before preparing statements to ensure accuracy.

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Frequently Asked Questions

Understanding Financial Statement Services

  • Why are financial statements important for my business?

    Financial statements give you a clear, organized picture of how your business is performing and where it stands financially. They are critical for making informed decisions, securing bank loans, and preparing accurate tax filings. For many Camden-area business owners, having reliable statements also provides peace of mind that the numbers behind their decisions are solid.

  • Can you prepare statements if my books aren’t up to date?

    Yes, we can. If your records need to be cleaned up before statements are prepared, we’ll start by bringing everything current and reconciling any discrepancies. Once your books are accurate, we can create financial statements you can trust. This process is common for businesses that have fallen behind or need organized reports for the first time.

  • Do you provide statements that meet lender requirements?

    Absolutely. We regularly prepare financial statements for Camden and Midcoast Maine businesses applying for loans or lines of credit. We’ll ensure the reports meet bank standards and are presented in a professional, easy-to-read format. Having these documents ready can speed up the approval process and make your application stronger.

  • How often should I have financial statements prepared?

    At a minimum, every business should have annual statements prepared to evaluate performance and meet tax requirements. Many of our clients choose to receive monthly or quarterly statements so they can monitor trends and make timely adjustments. Regular reporting is especially valuable for seasonal businesses in the Midcoast Maine area.

  • What’s the difference between your statements and a CPA audit?

    Our financial statements are prepared for management and lending purposes but are not audited or reviewed under CPA standards. For most small businesses, these reports are more than sufficient for decision-making and banking needs. If you require an official audit or review, we can work with your CPA to ensure they have everything they need.