Support for your next step
Financial & Management Reporting
Financial reporting means preparing the statements and reports that show how your business is doing: year-end financial statements for your bank or landlord, and monthly or quarterly profit and loss reports for you. We prepare them from reconciled books. We do not perform audits or review engagements.
Brampton · GTA · Virtual support across Canada
How it works
Financial statements, step by step.
Exactly what happens after you get in touch, starting with one 15-minute call.
- Today
Book 15 minutes
A free, no-obligation 15-minute call on Teams or at our office at 181 Queen St E, Brampton.
- The call
Who needs the statements
We look at who needs the statements, by when, and the state of your books.
- From reconciled books
Statements prepared
Year-end financial statements prepared from your reconciled books.
- Your schedule
Monthly or quarterly reports
A short profit and loss and balance sheet on the schedule you choose, split the way you run the business.
- Your move
Ready when you are
Pick a 15-minute slot that suits you. We confirm the time and scope with you directly.
Your starting point
You need financial information that explains performance and supports discussions with management, advisers or a lender.
How we help
We prepare agreed monthly, quarterly or interim reports with supporting schedules for cash flow, receivables, payables, assets, debt and related parties. The work is management reporting and does not provide an audit or review assurance opinion.
THE WORK, EXPLAINED
What is included
- Monthly, quarterly and interim profit and loss, balance-sheet and cash-flow information
- Budget comparisons and explanations of significant variances
- Receivable and payable aging with supporting account schedules
- Fixed assets, loans and financing records
- Shareholder and related-party schedules
- Project or service-line reporting where the records support it
- Information for lender discussions, with its intended use and limitations confirmed
The exact work, period, timing, responsibilities and fees are agreed before starting. Services are not automatically included in every engagement.
What you can expect
An organized reporting package with important balances, movements and limitations explained for its intended purpose.
Financial statements and reporting
Your bank asks for financial statements. Could you send them this week?
When owners need statements and reports, and how we prepare them.
-
The problem
The bank or a landlord wants statements.
A loan, a renewal or a lease often needs year-end financial statements quickly.
The solutionStatements prepared from your records
We prepare year-end financial statements from your reconciled books. We don't perform audits or review engagements.
-
The problem
You only see your numbers once a year.
By the time the year-end statements arrive, the year is over.
The solutionMonthly or quarterly reports
We prepare a short profit and loss and balance sheet on a schedule you choose.
-
The problem
The reports don't answer your questions.
Totals alone don't show which service, client or location makes money.
The solutionReports you can use
We set up the accounts so the reports split income and costs the way you run the business.
-
The problem
The statements and the tax return don't match.
Different numbers in different places lead to questions from CRA and lenders.
The solutionOne set of numbers
The statements, the T2 and the books come from the same reconciled records.
Related services
Why owners trust Wealthy Wave
- Led by Chirag Kalra, Chartered Accountant (ICAI, India), with more than 12 years in accounting and tax
- Plain-language answers about your own numbers, with no jargon
- Bookkeeping, payroll, HST and corporate tax handled by one team
- We never ask for SINs, banking details or tax documents by text or WhatsApp
- A real office at 181 Queen St E, Unit 5, Brampton, with virtual support across Canada
Why set up reporting now?
Statements are quick to prepare when the books are already reconciled. Setting up the routine before the bank asks saves a rushed week later.
- Pick a time. 15 or 30 minutes, on Teams or at our Brampton office.
- We look at it with you. Who needs the statements, by when, and the state of your books.
- You decide. The call comes with no obligation.
Prefer to write first? Send an enquiry. Or call (647) 606-1824.
General information only. Tax advice is given within an engagement, based on your own records.
ANSWERS BEFORE YOU START
Common questions.
Are these audited or reviewed financial statements?
No. This service is management reporting and does not provide an audit or review assurance opinion. Any assurance requirement needs a separately appropriate engagement.
Can the reports be sent to a lender?
Tell us the intended use and the lender’s requirements first. We confirm the report’s purpose and limitations; acceptance by a lender is not guaranteed.
What if the records are incomplete?
We identify missing information and explain its effect on the reports. Catch-up or reconciliation work may be needed before useful conclusions can be drawn.
CONNECTED SUPPORT
Plan the next step.
A PRACTICAL NEXT STEP
Talk to us before
the deadline.
Share the service you need, your circumstances and any upcoming deadline. We’ll discuss the records, scope and next steps before work begins.