- Serving Taxpayers Since 1993
- File In Person or Fully Virtual
- Year-Round Help, Not Just Tax Season
- Nonprofit & Church Specialists
- Flexible Refund & Payment Options
The request usually comes by email. A bank in Katy wants two years of financials before it will look at an equipment loan. A landlord near the Grand Parkway wants proof the business can pay rent. A church finance committee wants to see the year in numbers. We take your records, whether we keep them or you do, and prepare an income statement and balance sheet you can send without second-guessing.
When You Need Financial Statement Preparation
Most people need statements when someone outside the business asks: a loan or credit line, a commercial lease, a partner buying in, a sale of the business, or a grant. Boards of churches and nonprofits want them at every meeting. Some owners just want them for themselves, to see which months run slow before cash gets tight.
Texas nonprofits have one more reason. After the IRS grants 501(c)(3) status, a charity still has to apply to the Comptroller on Form AP-204 for franchise and sales tax exemption. The federal approval does not carry over on its own. Clean statements make that step, and the yearly federal 990, much easier to get right.
Our Financial Statement Process
We start by checking the books. Every bank, card and loan balance must match its statement as of the report date. Then we look for the entries that throw statements off most often: loan payments booked as one expense instead of split into interest and principal, equipment written off as supplies, sales tax mixed in with sales, and owner draws posted as costs.
Next we prepare the reports. The income statement covers a period, like a month, a quarter or a year, and shows revenue, expenses and profit. The balance sheet shows what the business owns and owes on one date. We can set this year next to last year if the person asking wants a comparison. Then we walk you through both, line by line, so you can answer questions from whoever asked.
What Lenders Read First
Owners tend to look at profit. Lenders often start with the balance sheet. The U.S. Small Business Administration calls it a snapshot of your business finances that tracks assets, liabilities and equity. A lender wants to see cash on hand, how much you already owe, and whether the owner has money in the business. A balance sheet that shows more owed than owned is worth knowing about before you apply.
Your revenue line matters too. Total revenue on the income statement should match the revenue on your Texas franchise report. For 2026, entities at or below 2.65 million dollars in total revenue owe no franchise tax, according to the Comptroller franchise tax rules. A lender who compares your statements with your filings will notice if the two numbers do not agree.
Financial Statement Cost in Katy
What you pay comes down to how ready your books are. Books we keep each month are nearly ready to report from. Books that need repair first take longer. The length of the period, how many accounts are involved and any comparison with the prior year also count. You get the fee before we begin.
Why Choose Us for Financial Statements
We have prepared tax returns since 1993, so your statements and your return start from the same numbers. We also teach church and nonprofit boards how to read their statements and set a budget, so we are used to explaining reports to people who do not work with numbers every day. Meet us on Kingsland Boulevard or work with us fully online.
Each report is built on the bookkeeping we keep for Katy businesses.
Common Questions
Will my bank accept statements you prepare?
Many small business lenders accept statements prepared from your books along with your tax returns. Some larger loans call for statements from an outside accounting firm. Ask the lender what they need, and we tell you whether our reports fit.
Can I get statements for just one quarter?
Yes. We can prepare statements for a month, a quarter, a year or another stretch of time, as long as the books for that period are complete.