Financial Reporting
An income statement tells you what happened. It doesn't always tell you the one number your business actually turns on. This is reporting built around the metrics you make decisions with.
What's included
- Custom KPI dashboard built around your metrics
- Cash flow reporting
- Reporting formats suitable for lenders, partners, or internal review
- Year-end information prepared to ASPE, IFRS, or US GAAP, depending on what the business reports under
- Delivered on the same monthly cadence as your close
Who it's for
- Owners tracking a handful of metrics manually in a spreadsheet every month
- Businesses where cash timing matters more than the profit figure
- Companies needing reporting that a standard statement doesn't cover
- Anyone presenting numbers to a lender, board, or partner
- Subsidiaries of an IFRS-reporting parent that need a reporting package to match
How it runs
The actual sequence, start to finish.
- 01
Work out what matters
We start from the decisions you make monthly and work backwards to the numbers that inform them.
- 02
Build the reporting
Dashboards and reports are built off your reconciled books so the figures reconcile to your statements.
- 03
Deliver monthly
Reporting arrives with your monthly close, and gets adjusted as what matters changes.
What it costs
An add-on on top of monthly bookkeeping. The standard monthly income statement and balance sheet are already included with bookkeeping.
Questions about financial reporting
How is this different from the statements I already get?
The income statement and balance sheet are included with bookkeeping. This is for everything beyond them, KPI dashboards, cash flow reporting, and formats built for a specific audience.
Which accounting framework do you work to?
ASPE for Canadian private companies, IFRS where a business reports under it, and US GAAP for US clients. IFRS comes up more than people expect at this size, a subsidiary of a public parent needing a reporting package that matches, a company that has elected it for a lender or investor, or one getting its history in order ahead of a transaction. We work in it daily and it is where our public company experience actually shows. Day-to-day books are kept on cash or accrual, whichever fits. What we do not do is issue compilation, review or audit reports: those are licensed engagements that belong with a CPA firm. We prepare the information; a practitioner reports on it.
Can reporting change as the business changes?
Yes. Reporting that measures last year's priorities isn't worth paying for.
More questions answered on the FAQ page.
Often paired with
Bookkeeping
Monthly reconciliation, coded transactions, and financial statements, every month.
Budget vs. Actuals
Monthly variance reporting that flags drift from plan before it becomes a year-end surprise.
Budgeting & High-Level Analysis
A budget built off your real numbers, and the analysis that shows you exactly what is driving your results.
Why your owner statements don't reconcile, and what to change
In property management, most of the money passing through the account is not yours. Books that don't model that produce statements nobody can tie to the bank.
Why your budget stopped being useful in February
A budget built once and never revisited isn't a planning tool. It's a document, and documents don't catch anything.
Ready to talk about financial reporting?
A free 20-minute consultation, no obligation.