A financial statement is a formal report summarising a company's financial performance and position. The three core statements are: the Profit and Loss (P&L), the Balance Sheet, and the Cash Flow Statement.
Shows revenues, costs, and expenses, resulting in a net profit or loss. The primary output of your bookkeeping records. See our guide: profit and loss statement.
A snapshot of assets, liabilities, and equity at a point in time — showing what the business owns, what it owes, and the owners' residual interest.
Tracks the movement of cash across operating, investing, and financing activities. A business can be profitable but face a cash crisis if receivables are not collected.
UAE businesses subject to corporate tax must prepare financial statements under IFRS or IFRS for SMEs. These form the basis of the corporate tax return. Free zone companies claiming qualifying income must have audited financial statements.
Finanshels produces monthly management accounts and annual IFRS-compliant financial statements. Our CFO services give founders real-time financial visibility. See our bookkeeping services.
