Interim balance sheet
We prepare a balance sheet from your accounting data for a date you choose during the year.
What's included
- Cash balance
- Client debts
- Inventory
- Comparison with the previous balance sheet
Frequently asked questions
Does an interim balance sheet replace the annual report?
No. The annual report is a separate document covering the whole year. An interim balance sheet is for the company's internal work during the year.
How often should an interim balance sheet be prepared?
Once a month suits an active company, while a stable one usually finds once a quarter enough.
How does a balance sheet differ from a profit statement?
A balance sheet shows the position on a particular day. A profit statement shows how much was earned and spent in a given period.