Bookkeeping
Bookkeeping – is the main financial information management system, including financial statements, budgets, payroll, taxes, etc. It recorded, classified and summarized in the data, enabling assessment of the company's assets, funds, operating results and financial condition.
Report
The public is increasingly interested in how responsible the company seeks to achieve its objectives and how responsible is able to reveal. Responsible organisation accountable to its stakeholders about the ongoing activities of the employees, customers, market participants, or the public. Quality reports are prepared according to certain guidelines, that the interested parties and the same undertaking would be easier to understand and assess responsible activities, track the results and impact on society. In other words, the reporting is a tool that allows the public to deliver the organisation's activities, promotes the efficient management of the used resources.
Report, it is a tool that facilitates the exchange and achieve their goals. The organization of the results should be presented in a broader sustainability context. Professionals highlights that the quality of the report do not necessarily have to be very high. Organization report may store and a few leaves, but only when the report is presented in the figures.
The Added Value will prepare and provide necessary reports to the State tax inspectorate or the Case, fill in the annual reports of the center of Registers, and will prepare the other, according to Your needs, reports. Our qualified team are not insurmountable and unsolvable tasks, so using the latest accounting technologies in business, strive for the highest results. The Added Value from which the progress of Your business!
Profit/loss reports
Profit and loss statement – this is an important criterion in the assessment and development of the company's activities. The income statement summarises how Your business fared in the last quarter or a year: how much money the company earned (revenue), how much spent (expenditure) and the last two the difference (profit/loss). Profit and loss account to show You whether the business is booming – running a profitable, or the company's profits increased and the like.
The profit and loss before income taxes resulting from the gross profit (loss) minus selling, general, administrative expenses plus other operating results. Net profit (loss) shows the final activities of the company result – earned profit or loss, which is obtained from the profit (loss) before tax less income tax expense.
Profit (loss) for the report is divided into two parts: income and expenses. Income is the money within a certain period of time to the company from the sale of goods or services. The investor must pay attention not only to the last quarter or year revenues, but also the evolution of the income of the company for the past few years, so the investor can form a better impression about the growth of the profit or downward trend.
Profit and loss statement is one of the financial statements of the parts in Lithuania in the profit and loss account information developed in accordance with the business accounting standards, which are developed in the context of the European Union directives and international accounting standards.
Financial statements
Corporate financial reporting is in accordance with a standardised form, on the basis of the accounting standards prepared by the company's document, which describes its financial position for a certain period of time. Distinguish between the main three financial statements: the income statement shows the firm's revenues and costs and their structure during the reporting period, the balance sheet – provides a snapshot of the information sheet date of the company's financial condition, in addition, we can see for what amount the company has assets, how much is indebted, in any of its accounts receivables and cash flow statement, which provides the information about the money the movement of the businesses in the main, investing and financial activities. Also the annual financial statements for the need of changes in equity statements, explanatory, which is detailed in the financial statements of the information provided.
Almost all companies must prepare annual financial statements according to business accounting standards and submit to the center of registers in an electronic format. There for her for a fee, is all publicly available. The annual report shall be prepared and approved by the general meeting of shareholders within four months of the fiscal period end. Within 30 days of approval, they shall be presented in the center of registers. Although all companies required to prepare their annual financial statements, but it should be remembered that corporate financial statements can be not only an annual. If the company shares or bonds are listinguotos exchange, these companies need to prepare and submit interim financial statements. Meanwhile, all the more even and exchange nelistinguojamos companies are generally also prepares quarterly reports. The company is doing so for their own needs, and the creditors, insurance companies requirement.
balance sheet
You accept that the financial statements are the main source, in order to assess business activities. In balance, this is one of the main three of the company's financial statements, thanks to which, we can see the company's immediate financial position for the period to which the balance sheet is drawn up.
On the basis of balance sheet data, counted in the company's financial reliability indicators for the existing customers, suppliers or other partners can assess the cooperation risk.
We can accept various detail of the balance sheet reporting, however, commonly distinguished three main blocks: assets, equity, liabilities, among which there is always a balance – balance. Assets – the company's resources to carry out the activities, in anticipation of economic benefits. Liabilities – obligations, which result from the activities of the company at the time and for that to be settled in a given period in the future, and the shareholders ' equity of the shareholders, the owners of the property. It is important to mention that the assets will always be equal to liabilities and shareholders 'or owners' equity amount. If the company's assets increases, then so will Your company's liabilities and equity.
Need help with
reports?
The Added Value will prepare and provide necessary reports to the State tax inspectorate or the Case, fill in the annual reports of the center of Registers, and will prepare the other, according to Your needs, reports. Our qualified team are not insurmountable and unsolvable tasks, so using the latest accounting technologies in business, strive for the highest results. The Added Value from which the progress of Your business!