Financial Statement Preparation
in Surrey, BC

Why Financial Statements Matter for Your Business

Financial statements are the official scoreboard of your business. They tell you — and everyone who matters to your business — exactly how you're performing, what you own, what you owe, and how cash is moving through your operations. Without them, you're making decisions in the dark.

Whether you need financial statements for your corporate tax return, a bank loan application, an investor meeting, or simply to understand your own business better, Sarv Accounting prepares clear, accurate statements that hold up to scrutiny and tell your business's true financial story.

The Three Core Financial Statements

1. Balance Sheet (Statement of Financial Position)

Your balance sheet shows a snapshot of your business at a specific point in time — what you own (assets), what you owe (liabilities), and what's left over for the owners (equity). It answers the fundamental question: is this business financially healthy? Banks require a current balance sheet for any business loan application, and investors use it to assess risk before committing capital.

2. Income Statement (Profit & Loss Statement)

Your income statement shows your revenues and expenses over a period — a month, a quarter, or a year — and the resulting net profit or loss. It answers: is this business making money? A well-prepared income statement breaks down revenue streams, shows gross profit margins, and identifies exactly where money is being spent so you can make informed decisions about cost control and pricing.

3. Cash Flow Statement

A business can be profitable on paper and still run out of cash. The cash flow statement tracks actual cash inflows and outflows — from operations, investing activities, and financing — so you understand your real liquidity position. Many business failures come down to cash flow problems that were never caught in time. This statement helps you see them coming.

Compiled vs. Reviewed Financial Statements

Most small businesses in Surrey need compiled financial statements — prepared by an accounting professional based on information provided by management, without independent verification. These are sufficient for tax filing, most bank requirements, and internal decision-making.

Some lenders, investors, or franchise agreements require reviewed or audited statements, which involve additional procedures. We'll let you know what level of assurance your specific situation requires and ensure you get exactly what you need — no more, no less.

Financial Statements for Bank Financing

If you're applying for a business loan, line of credit, or commercial mortgage in Surrey or the Lower Mainland, your lender will require at minimum two to three years of financial statements. These statements need to be professionally prepared and clearly formatted — sloppy or incomplete financials are one of the fastest ways to lose a lender's confidence.

We prepare financial statements specifically formatted for lending purposes, with the notes and disclosures that lenders look for. We've helped many Surrey business owners secure financing by presenting their financials in the clearest possible light — accurately reflecting both their current performance and growth potential.

Monthly and Quarterly Reporting

Annual statements are required for tax filing, but the most successful businesses review financial statements monthly or quarterly. We offer ongoing reporting packages where you receive a complete set of financial statements each month — along with a brief analysis highlighting anything that needs your attention. Running a business without regular financial reporting is like driving without a dashboard.

Get Statements You Can Actually Rely On

With over 30 years of experience preparing financial statements for businesses across Surrey, Roxana brings accuracy, consistency, and real-world business understanding to every engagement. Book a free consultation to discuss your financial reporting needs.