Financial Statements
Maintaining accurate financial statements are the foundation of any successful business. It may be tedious, but that is where the CPA certified Accountants at White Raven Accounting & Bookkeeping come in. Let us take this on for you!
Financial Statements
CPA-Led Preparation & Review Services
At White Raven Accounting, our financial statements services give you more than just numbers on a page. We provide clear, accurate reports that offer valuable insights into your financial health, whether you’re running a small business, managing a corporation, or handling personal finances. Our CPA-led process ensures your balance sheets, income statements, and cash flow statements are precise, professional, and easy to understand.
What are financial statements & Why They Matter
Financial statements are essential tools for understanding your financial position, evaluating performance, and making informed decisions. They are written records that convey the financial health of a business and typically include:
Balance Sheet – A snapshot of assets, liabilities, and shareholder equity at a specific point in time.
Income Statement – A breakdown of revenue, cost of sales, expenses, and net profit over a set period.
Cash Flow Statement – An overview of cash inflows and outflows from operating, investing, and financing activities.
Notes to the Statements – Additional details or explanations relevant to the figures presented.
In some cases—such as when statements are prepared solely for internal purposes—a formal report to the users may not be issued. Whether you need them for tax filing, securing financing, or internal planning, accurate financial statements help ensure compliance, provide clarity, and build confidence in your decision-making.
In addition to having corporate income taxes prepared most businesses also opt to have financial statements prepared; this would be referred to as a compilation engagement. We take the information used in your tax return to create compiled statements signed by a designated accountant. These statements are commonly used when dealing with banks, lawyers, or simply for management or shareholder purposes.
We provide financial statement preparation and review services that meet both regulatory requirements and your internal reporting needs:
Preparation of year-end statements
Monthly, quarterly, or annual statement compilation
Financial statement review and consultation
Reports for lenders, investors, and CRA requirements
Clear explanations so you understand exactly what the numbers mean
As a CPA-led boutique firm, we combine technical expertise with a personalized, approachable style. You’ll get:
Accurate, compliant statements prepared by a Chartered Professional Accountant
Easy-to-understand explanations without accounting jargon
Secure, paperless workflows for fast turnaround
Insightful recommendations to help you plan ahead
We’re based in Calgary and work with clients locally and across Alberta, giving you the expertise of a professional firm with the personal touch of a trusted advisor.
At White Raven Accounting we will help you determine if there is a need for compiled financial statements to be prepared as part of your engagement. This type of engagement can also be tailored or include any of our other services such as bookkeeping, GST and payroll, T4 and T5 filings and corporate taxes. All financial statement will be prepared in accordance with the new Canadian Standard on Related Services (CSRS) 4200, Compilation Engagements.
Request A Free Consultation Today!
Save money and relieve your financial stress free today by choosing White Raven as your Calgary bookkeeper.
