Statement of Sources & Applications of Funds
Where did the profit go? This is a common question from business owners as a profit in a financial report
doesn’t always show up as money sitting in the business bank account. There are usually a number of places the profit has been applied for example:
- Debt could have been repaid
- Your customers may owe you more
- Plant and equipment may have been purchased
- Property could have been purchased
A Statement of Sources and Applications of Funds clearly outlines where your profits were generated during the past financial year and how they were used. This allows business owners to keep careful track of their overall financial position by from one year to the next.
We look forward to working with you. For more information or to arrange an appointment, visit our contact page.
What our clients say
Through a challenging year, Chris and his team have gone above and beyond to provide thorough accounting and prompt, quality advice when it mattered most. His expertise has helped me and my business get the best possible outcomes.
Glenn Williams
Williams Pastoral
What our clients say
Chris and the team at C.T. Harris & Company are friendly, always return your calls, and provide professional, prompt service and advice. Chris has always taken a genuine interest in us and our personal and financial goals.
Tony & Kathy Simon
Director, Simon Contractors
What our clients say
Chris is very knowledgeable and skilled accountant, business owner and investor. He is proactive in his approach to accounting and his solution focused. Chris is showing himself as a leader in his industry and in the CQ region.
Elize Hattin
What our clients say
I have worked closely with Chris and the C.T. Harris & Company team for many years supporting mutual clients. They personally understand the challenges agribusinesses face and have a deep knowledge of their clients’ businesses.
Matt Clarke
National Australia Bank Limited
What our clients say
For over two decades, Chris has been keeping his finger on the pulse of our family’s diverse business interests and investment. It gives me security knowing he understands what we are trying to achieve.
Dawn Slack
Slack Corp