Financial statements are the backbone of your business reporting. They tell your story to banks, investors, and regulatory bodies while giving you the insights needed to make strategic decisions. But when your accounting doesn’t reflect your actual business intentions, or when bookkeeping errors create confusion instead of clarity, you need expert intervention.
At UHY Haines Norton, we prepare comprehensive financial statements that serve multiple purposes: meeting compliance requirements, supporting loan applications, satisfying audit needs, and providing management insights that drive better business decisions.
Need financial statements that banks trust and you can understand? Contact UHY Haines Norton today to discuss how we transform complex accounting into clear, compliant, and strategic business insights.
What are professional financial statements?
Professional financial statements include your balance sheet, profit and loss statement, cash flow statement, and notes to the accounts. These documents must comply with New Zealand accounting standards and provide an accurate picture of your business performance and financial position.
Whether you need annual financial statements for compliance purposes, interim reports for management decision-making, or specialised statements for specific transactions, our experienced team ensures accuracy, compliance, and clarity in every document we prepare.
Why accurate financial statements matter
Your financial statements impact multiple aspects of your business. Banks use them to assess lending decisions. The IRD relies on them for tax assessments. Potential investors evaluate your business performance through these reports. Even your own strategic planning depends on having reliable financial data.
When statements contain errors or don’t reflect your business reality, the consequences extend far beyond paperwork. Incorrect financial reporting can trigger tax problems, damage banking relationships, or lead to poor business decisions based on flawed data.
Our comprehensive approach to financial statement preparation
Detailed Review Process
We start by carefully examining your accounting records, looking for inconsistencies, unusual transactions, or coding errors that could affect your financial position. Our experienced team knows exactly where problems typically hide and what red flags to investigate.
Collaborative Problem-Solving
Before approaching you with questions, we check our internal knowledge base to see if we already understand the context from previous work. When we do need clarification, we coordinate with both you and your bookkeeping team to resolve issues efficiently.
Process Improvement Recommendations
When we identify weaknesses in your accounting processes, we provide specific recommendations to prevent similar issues in future periods. This proactive approach saves time and reduces errors over the long term.
Management Discussion and Review
We present draft financial statements to you with clear explanations of any significant items or implications. Your input helps us ensure the final statements accurately represent your business activities and strategic decisions.
Professional Finalisation and Distribution
Once approved, we prepare final statements in the appropriate format for each intended recipient, whether that’s your bank, auditors, the Companies Office, or internal stakeholders.
Benefits that transform your business operations
The impact of professional financial statement preparation extends throughout your organisation. Your bookkeeping processes become more refined through our expert review and feedback. Management receives reliable data for strategic planning and operational decisions.
External stakeholders gain confidence in your financial reporting, which can improve banking relationships and investment opportunities. Your annual tax compliance becomes more straightforward when built on a foundation of accurate accounting.
Perhaps most importantly, you develop a deeper understanding of your financial position and performance trends, enabling more informed business decisions throughout the year.
Industries we serve
Our financial statement expertise spans diverse sectors, including manufacturing, retail, professional services, property development, and technology companies. Each industry has unique accounting considerations, reporting requirements, and stakeholder expectations that we understand and address.
From family-owned businesses seeking reliable compliance support to rapidly growing companies requiring sophisticated financial reporting for investors, we tailor our approach to match your specific needs and objectives.
Getting started
Professional financial statements require careful preparation and attention to detail. There’s no substitute for experienced expertise when accuracy and compliance are essential.
Contact UHY Haines Norton to discuss how our accounting and financial statement services can provide the reliability, accuracy, and insights your business needs to thrive.
