What Goes Into Your Monthly Bookkeeping Report

At SMP Financial Services, we don’t just deliver spreadsheets—we deliver meaning.

Your monthly bookkeeping report isn’t just a bundle of numbers. It’s a powerful tool for making smart decisions, understanding your financial health, and thinking like a CEO.

Here’s what you’ll typically find inside—and how to actually use it.

📊 Profit & Loss Statement (P&L)

Also called the Income Statement, this report shows:

• Total revenue

• Total expenses

• Net profit (or loss)

Why it matters: It’s your snapshot of business performance over time. Are you operating profitably? Where can you cut back or reinvest?

💳 Balance Sheet

This report shows what you own (assets), what you owe (liabilities), and what’s left over (equity).

Why it matters: It’s the financial pulse of your business. A strong balance sheet shows stability—and highlights any red flags.

💸 Cash Flow Summary

Cash flow tracks how money moves in and out of your business.

Why it matters: Profit is one thing. But if you don’t have cash on hand to pay bills, you’re in trouble. This report tells you if you’re running lean—or flush.

🪜 Expense Breakdown by Category

We provide a clear look at where your money is going—from software to contractors to subscriptions.

Why it matters: Spot overspending, identify trends, and make budgeting easier.

📅 Month-Over-Month or YTD Comparisons

Seeing your financials in context helps you:

• Track growth

• Set goals

• Make proactive decisions (not just react to surprises)

✨ Bonus: Custom Insights (If You Work With SMP)

Every report comes with tailored notes that break down what’s working, what’s changed, and where you might focus next.

Want to Read Your Financials Like a CEO?

Start by understanding what you’re looking at—and what it’s telling you.

Read more at www.smpfinance.com or email info@smpfinance.com

From Numbers to Know-How—We’ve Got You.