Financial Statements
Here at Thompson and Wallace Partners, we understand that no two businesses are alike. Whether you’re in the retail, manufacturing, or service industry, we have the knowledge and experience to provide you with accurate financial statements.
Our team of accountants is diligent in their work, and they will make sure that all of your information is up-to-date and compliant with Australian laws. You can rest assured knowing that your business is in good hands with Thompson and Wallace Partners.
Contact us today to schedule a consultation.
What’s a Financial Statement?
A financial statement is a formal document that reports the financial activities of a business, individual, or other entity. In Australia, public companies must prepare and disclose their financial statements in accordance with the Corporations Act 2001 and the Accounting Standards issued by the Australian Accounting Standards Board (AASB).
The two main types of financial statements are the balance sheet and the income statement. The balance sheet provides information on a company’s assets, liabilities, and equity at a specific point in time.
The income statement, on the other hand, reports a company’s revenue and expenses over a period of time. Financial statements are often used by investors to assess a company’s financial health and performance.
Thompson and Wallace Partners is one of Australia’s leading provider of online accounting and bookkeeping services. We can help you prepare and file your financial statements in accordance with the relevant legislation and accounting standards.
