Bookkeeping – WML Accounting Services

Monthly Profit and Loss Statements

A profit and loss (or income) statement lists your sales and expenses. It tells you how much profit you're making, or how much you're losing. You usually complete a profit and loss statement every month, quarter or year.

Monthly Balance Sheet

Monthly Balance Sheet reports are considered essential month-end financial statements and are used by CFOs and accountants to review key elements of the company's assets and liabilities. Some functionality in this type of report is parameter driven and will populate the data and headers in three columns.

Monthly Reconciliation

A monthly reconciliation helps to catch and identify any unusual transactions that might be caused by fraud or accounting errors, especially if your business uses more than one bank account. To perform a bank reconciliation, you need a few items including a bank statement and your internal accounting records.