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Financial Statement Preparation

At Kar Mitra, we provide reliable and professional Financial Statement Preparation services for businesses, firms, and individuals. Proper financial statements support performance analysis, record maintenance, and tax and regulatory compliance.

Financial Statement Components

Trading Account

Shows gross profit or gross loss of the business by comparing sales with cost of goods sold during a specific period.

Profit and Loss Account

Shows net profit or net loss after deducting business expenses such as salaries, rent, utilities, and other operating costs.

Balance Sheet

Shows the financial position of the business at a particular date, including assets, liabilities, and owner’s equity.

Cash Flow Statement

Shows movement of cash in and out of the business to support liquidity and cash management decisions.

Crucial Information

  • Financial statements should be accurate, well-organized, and prepared according to accepted accounting principles.
  • The complete set generally includes trading account, profit and loss account, balance sheet, cash flow statement, and supporting notes.
  • Well-prepared statements help businesses make informed decisions and meet compliance obligations.

Information Required for Preparation of Financial Statement

  • Notes to financial statements to provide additional explanations and details related to reported figures.
  • Business details and registration information
  • Sales and income records
  • Purchase and expense records
  • Bank statements and cash records
  • Details of assets and liabilities
  • Loan and investment information
  • Previous financial statements (if available)

Who is this for?

Individuals

Personal net worth statements and loan applications.

Small Businesses

Annual trading accounts and balance sheets.

Growing Companies

Comprehensive cash flow and internal audits.

Why Choose Us

We bring certainty to complex regulatory environments so you can focus on scale.

100% Compliant

Fully aligned with the latest Nepal regulations.

On-time Filing

Punctual reporting and deadline management.

Experienced Professionals

Expert Chartered Accountants and Corporate Lawyers.

Dedicated Support

Priority assistance whenever you need us.

Get your financials audit-ready

Accurate and compliant financial statements by experts.