One of the most essential financial tools in any type of business is its financial statements. Regardless of the size or industry with which you may be involved, a financial picture needs to be taken. A properly prepared financial statement is essential for obtaining credit at a lending institution, reporting periodic financial data to investors or shareholders, determining tax liabilities and most importantly, operating a business wisely.
Typically, accountants are considered historians because they are always working with numbers after the fact. At Devries, Trifiletti & Loy, Inc. we make certain that we are working with management before the numbers become historical data. We strive to discover methods to improve profitability throughout the year as well as identify ways to reduce taxes and maximize relationships with customers and suppliers. We have found that our clients both appreciate and benefit from "brain-storming" sessions with accountants that do far more than just recount past history through numbers.