Financial Statements: The client will typically receive financial statements that summarize the financial activities of their business over a period of time. These statements may include an income statement, balance sheet, and cash flow statement.
Analysis of Financial Statements: In addition to the financial statements, the client may receive an analysis of their financial performance. This analysis may include ratios, such as liquidity ratios, profitability ratios, and efficiency ratios, that help to evaluate the financial health of the business.
Tax Returns: If the accounting project involved preparing tax returns, the client will receive copies of the completed returns. This will include federal, state, and local tax returns, as required.
Recommendations: Based on the analysis of the financial statements and tax returns, the client may receive recommendations on how to improve their financial performance, reduce their tax liability, or comply with tax regulations.
Bookkeeping Records: Clients may also receive the bookkeeping records used to prepare the financial statements and tax returns. This allows the client to have a record of their financial activities and to make adjustments as necessary.