A quarterly business statement is basically a layout for the various financial transactions incurred by a business organization in a particular quarter, in which the statement is prepared. It is solely financial and involves careful accounting, which should be more than accurate as a single wrong entry may cause heavy losses for the firm because it will be carried forward and calculated with other quarters, resulting in a mass error.
Sample Quarterly Business Statement:
Name of the Business Firm: Rennova Group of Companies.
Address: 59, Nelson Lane
Contact at: 95842947683920
Quarterly Business statement prepared by: Mr. Joseph Marc
Head of the Accounts Department
The Rennova Group of Companies is one business name, involving a chain of companies under its prestigious banner. It is a treasure ground for antique museum pieces collected from all over the world and subject to heavy auctions at favourable intervals. We have always kept our flag high up, and have successfully done so only because we have never even thought of compromising with authenticity and have never faked any single item. We provide the best and the most wanted.
Need for the quarterly business statement:
As stated earlier, we work in a chain which needs to be well-cooperated. Since our business involves heavy transactions, we have always resorted to the process of quarterly checking of the balance sheet, where we keep a detailed record of all activities performed, cash debited and credited and all income statements.
Quarter for the present business statement: 1st March, 2011 – 30th June, 2011
Purchase order Rs. 550000
Net business transacted Rs. 960000
Salary of workers Rs. 200000
Tax paid Rs. 30000
Marketing investments Rs. 45000
Net profit Rs. 135000