Financial Statements
Financial statements are useful only when they are consistent, reconciled, and supported by schedules that explain the numbers. Otherwise, reporting becomes a monthly debate instead of a decision tool.
Oceans prepares financial statements and reporting packs that are both management-ready and audit-ready. We focus on balance sheet truth, cut-off discipline, and clear supporting schedules so statements can be shared confidently with banks, investors and boards.
Whether you need monthly management accounts, quarterly reporting, or annual statements, we deliver a repeatable reporting process—not a one-off spreadsheet.
What’s included
✔️ Monthly / quarterly / annual financial statements (Balance Sheet, Profit & Loss, Cash Flow)
✔️ Management accounts pack (KPIs, variance analysis, key trends)
✔️ Balance sheet reconciliations and supporting schedules
✔️ Revenue and expense cut-off checks, accruals and prepayments
✔️ Working capital view (receivables, payables, inventory where applicable)
✔️ Audit-ready documentation structure and file organization
✔️ Reporting format alignment (your board, group or investor template)
✔️ Optional: Consolidation-ready reporting packs and intercompany schedules
What we need from you
✔️ Access to bookkeeping/accounting data (or exports) and chart of accounts
✔️ Bank statements (or bank feeds) and key payment platform reports
✔️ Sales invoices and revenue source reports
✔️ Supplier invoices, contracts and recurring cost details
✔️ Payroll summaries (if applicable)
✔️ Any existing budgets/forecasts and reporting format expectations
✔️ Audit or investor requirements (if there is a planned review)
How it works
1. Onboarding & scope: confirm reporting frequency, format, standards and stakeholder needs.
2. Data review & reconciliations: reconcile banks and key balance sheet accounts; identify open items.
3. Close process: apply cut-offs, accruals, prepayments and consistency checks.
4. Statement preparation: prepare statements with schedules and a clear evidence trail.
5. Review & insights: highlight drivers, risks, and meaningful variances.
6. Delivery: provide a structured reporting pack that is easy to share and easy to audit.
7. Ongoing improvements: streamline close, reduce manual work, and increase reliability month by month.
Typical timeline
First reporting pack: typically 1–2 weeks after onboarding and data access (depending on data readiness).
Ongoing monthly reporting: delivered within an agreed close window (often 5–10 business days after month-end).
If consolidation is required: allow additional time for intercompany alignment and standardization.
Common pitfalls we prevent
✔️ Unreconciled balance sheet accounts that create hidden errors and stakeholder distrust
✔️ Cash flow surprises caused by missing accruals, cut-offs, or incomplete working capital logic
✔️ Inconsistent revenue recognition or expense classification across periods, breaking comparability
✔️ Schedules that auditors cannot trace back to source data, increasing time and requests
✔️ Reports that look polished but are not decision-ready (no drivers, no variance narrative)
✔️ Late identification of one-off events (write-offs, provisions, restructuring) that should be disclosed
FAQs
Find answers to common questions!
We prepare financial statements and reporting packs. If your engagement requires assurance, we coordinate with your auditor and ensure your records are audit-ready.
Yes. We can use your current tools and formats and align reporting to your stakeholder requirements.
Most companies benefit from monthly statements. Quarterly may be enough for stable operations; we recommend the cadence based on decision needs.