can prepare or supervise the preparation of your financial statements.
Compiled, reviewed, or audited statements can be provided according
to your needs.
importantly, we can help you use these statements, as well as
other reports, to better manage your business and increase your
financial records are necessary for several reasons:
financial reports monthly. For year-to-date comparisons and to
make quick management decisions, financial reports must be done
monthly. "As goes the month, so goes the year." You
can compare the sales, gross profit, and net profit at, say, the
end of May, with prior years and get a good idea of how the current
year will finish. You can compare the total accounts receivable
or payables with prior years to spot problems and then quickly
take corrective action.
are some common business ratios you should monitor on a month-by-month
and a year-by-year basis:
financial statements can increase business profits. If you would
like to learn more about using financial statements to make sound
business decisions, we would be happy to assist you. No one was
born understanding financial information, but it is easier to
learn than most people think.
ask as many questions as you like; we will help you until you
are comfortable with business numbers and can use yours to increase
Wilson & Company
Certified Public Accountants, PC
701 Seneca Street, Suite 604
(716) 839-4900 Fax: