Preparation of Financial Statements & Reporting

Comprehensive financial statements and reporting services delivering clarity, accuracy, and insights for better business decisions.

Why must you outsource Preparation of Financial Statements & Reporting to worldbridge?

Preparing financial statements by reviewing massive records from multiple sources can often overwhelm businesses. At Worldtech Bridge, we simplify this process by taking on the complex task of compiling and analyzing your financial data to deliver accurate, comprehensive, and easy-to-understand reports. From balance sheets and cash flow statements to income statements and profit & loss reports, we provide a precise financial snapshot of your business.

Our on-demand and annual financial statement preparation services are designed to meet your unique needs whether it’s building investor-ready reports, impressing creditors, or identifying profit-making and cost-heavy areas. With our proven expertise and in-depth knowledge, Worldtech Bridge ensures that your financial statements are not only compliant but also valuable tools for strategic decision-making and business growth.

our expertise

As financial statements are among the most critical management tools, Worldtech Bridge dedicates significant time to understanding each client’s requirements, business model, and stakeholder perspectives. To ensure accuracy and relevance, we follow a structured, phase-wise approach to preparing annual accounts and financial statements.

Gaining a clear understanding of the client’s business environment and stakeholder expectations
Reviewing the closing trial balance along with necessary supporting schedules
Performing adjustments for deferred taxes, tax provisions, realized and unrealized forex differences, and other key entries
Preparing a detailed and accurate cash flow statement
Consolidating financial statements where group reporting is required
Creating supporting schedules for balance sheets, income statements, and other reports
Submitting draft financial statements for client review and feedback
Updating and finalizing the financial statements as per compliance and reporting standards

Preparation of Financial Statements & Reporting FAQ

1. Will I still need my CPA if I hire Worldbridge Consultech for preparing financial statements?

Worldbridge Consultech will help in lightening your CPA’s burden by preparing the financial statement. Your CPA will be able to provide all the required documents to us, and guidance to you on which financial statements would be most beneficial for your business and can help you interpret the results.

2. When you're done using our files, what happens to them?

During the tenure of the project, your files will be accessed via the remote desktop protocol. So, you don’t have to worry about your confidential files. Once we are done with the reporting, you can remove the access, and thus there is no file in our possession.

3. How do I know that my Data is Secure with Worldbridge Consultech? Do you offer Confidentiality Agreements?

Yes, we will make a confidential agreement which is known as a nondisclosure agreement (NDA). Worldbridge Consultech also provides several services to help you secure your data. We can help you encrypt your data, set up access controls, and implement security policies. We can also help you discard the data that is no longer needed.

4. What documents and data will we need in the process of preparing financial statements?

The sorts of papers and data needed for financial statement preparation depend on the nature of the business and processes. Examples of often-sought information include general ledger data, Payroll, Compliance Documents, Customer-Supplier Aging details, details of extraordinary events during the year, etc. A list of the papers needed will often be sent to you after the initial meeting with the management.

5.How long does the process of preparing financial statements take?

The time taken in the process of preparing financial statements varies depending on the size and complexity of the organization. Generally, it takes a few days to a week to prepare financial statements.