JPS prepare annual accounts for sole traders, partnerships and Limited Companies. Annual accounts show the financial affairs of a business over a period of time. They include an income statement and balance sheet.
JPS prepare annual accounts for sole traders, partnerships and Limited Companies. Annual accounts
show the financial affairs of a business over a period of time. They include an income statement
and balance sheet.
The income statement is a financial statement detailing the businesses earning and expenses over a period of time, the balance sheet reveals the composition of a businesses assets, liabilities and equity at a point in time.
The financial statements are prepared under the International Accounting Standards (IAS) and are
used to prepare personal, partnership or company tax returns. They are also required by financial
institutions to raise finance.