--- title: Get More From Your Financial Statements from a Holliston MA CPA description: Without the ability to analyze your financial statements, you may miss out on major opportunities and threats to your company's financial health. image: https://www.ironscpa.com/hs-fs/hub/332864/file-546702354.jpg --- ![icon-phone](https://www.ironscpa.com/hs-fs/file-469552994-png/images/icon-phone.png)508-533-5700 **Call today to book your appointment!** [![Ann M. Irons](https://www.ironscpa.com/hs-fs/file-480654324-png/images/circle-logo4.png?width=630&height=168&name=circle-logo4.png "Ann M. Irons")](https://www.ironscpa.com/) Hopkinton MA, CPA [Contact](https://www.ironscpa.com/contact-us) [Directions](https://www.google.com/maps/dir//Ann+M.+Irons,+CPA,+17+Main+St+Suite+1,+Hopkinton,+MA+01748/@42.2283595,-71.5220826,17.25z/data=!3m1!5s0x89e470559903948b:0xba338aa31b2a0f29!4m9!4m8!1m0!1m5!1m1!1s0x89e46e7ca0d1d73b:0x531938b62807ebe1!2m2!1d-71.5200665!2d42.2284497!3e0?authuser=0&entry=ttu&g_ep=EgoyMDI1MDExNS4wIKXMDSoASAFQAw%3D%3D) [![facebook](https://www.ironscpa.com/hs-fs/file-811720473-png/images/facebook.png)](https://www.facebook.com/AnnIronsCPA?ref=br_tf)[![LinkdIn](https://www.ironscpa.com/hs-fs/hub/332864/file-817405565.png)](https://www.linkedin.com/company/ann-m-irons-cpa-llc)[![twitter](https://www.ironscpa.com/hs-fs/hub/332864/file-817410620.png)](https://twitter.com/AnnMIronsCPALLC) # The Bean Counter with Ann M Irons, CPA --- [![Tax Year 2024 Business/Individual Tax Returns](https://no-cache.hubspot.com/cta/default/332864/aef2b35b-07b9-4f4e-be11-0410ebf842de.png)](https://cta-redirect.hubspot.com/cta/redirect/332864/aef2b35b-07b9-4f4e-be11-0410ebf842de) --- ## [Get More From Your Financial Statements from a Holliston MA CPA](https://www.ironscpa.com/blog/get-more-from-your-financial-statements) Posted by [Ann Irons, CPA](https://www.ironscpa.com/blog/author/ann-irons-cpa) Feb 28, 2014 4:17:00 AM - [Tweet](https://twitter.com/share) ![FinancialAnalysis](https://www.ironscpa.com/hs-fs/hub/332864/file-546702354.jpg)Analyzing financial statements is one of the most challenging—not to mention, important—aspects of planning for growth. As a business owner, you know all there is to know about your industry, your target customer, and your market. When you review your income statement, balance sheet, and cash flow statement, you have a general understanding of each item and how the numbers are calculated. Surely you can take it from there, right? Not necessarily, says [Ann Irons, CPA, LLC](https://www.ironscpa.com/financial-reports), who provides **tax and accounting services in Holliston, MA. ** ## The Difference Between Reading and Analyzing a Statement The most critical pieces of information on a balance sheet include the value of your assets, liabilities, and what remains after all financial obligations have been met. People often refer to the balance sheet as a snapshot of a company’s financial position because it shows these accounts at the end of the last business day of the specified period. In the capable hands of an experienced Holliston CPA, and combined with data from the income statement and cash flow statement, the balance sheet is more than just a snapshot. **It’s**** your past, present, and future.** ## The Importance of Accurate, In-Depth Analysis We meet with many business owners whose use of financial statements is limited to making purchasing decisions, such as how much to spend on supplies, how many additional hours of help can be hired, and whether to replace equipment. Actually, financial statements can do so much more. When Ann goes over your financial documents, she will identify opportunities and threats that may affect the course of your business. Analysis also provides insights that will help with decision-making, answering such questions as: - Do we have sufficient capital to [invest ](https://www.ironscpa.com/bellingham-individual-tax-preparation-services)in new opportunities? - If not, how much can we reasonably borrow? - Are we using our assets in a way that maximizes profit? - How will our financial position look in the eyes of potential investors? Ann will also work with you to determine whether your current accounting practices are in line with the relevant state and federal requirements, and whether they are providing the most accurate results. In some cases, our clients use this information to continue with internal accounting. However, others find that outsourcing these tasks to Ann and her team affords peace of mind and relief that they will not be required to perform complex financial calculations, and that they will no longer worry that their current accounting method may raise red flags at the IRS during [tax season](https://www.ironscpa.com/tax-preparation). **What do *your* financial statements say about the future of your business? **To learn more about financial analysis, or to schedule a meeting with [Ann Irons, CPA, LLC](https://ironscpa.hs-sites.com/meet-ann-irons), [contact](https://ironscpa.hs-sites.com/contact-us) our Holliston office at (508) 966-0700. We offer accurate, economical financial and tax services for business owners and individuals alike.   Topics: [Small Business Accounting](https://www.ironscpa.com/blog/topic/small-business-accounting) ## About **Ann M. Irons, CPA LLC** ![Ann](https://www.ironscpa.com/hubfs/images/Ann.jpg)Ann has spent over 25 years in the financial service industry, gaining knowledge and experience that allows her to provide an array of tax, and accounting and advisory services for her clients. Relying on a stringent code of ethics and a dedication to maintaining the highest industry standards, Ann works hard to ensure her clients receive the quality service they’ve come to expect. A member of AICPA and MSCPA, Ann has also had an article featured in the renowned publication, Banker and Tradesman.  ### Subscribe to Email Updates Search by Topic Search ### Recent Posts ### Posts by Topic - [Small Business Accounting (24)](https://www.ironscpa.com/blog/topic/small-business-accounting) - [Individual Income Taxes (18)](https://www.ironscpa.com/blog/topic/individual-income-taxes) - [International Tax (17)](https://www.ironscpa.com/blog/topic/international-tax) - [Accounting for Lawyers (11)](https://www.ironscpa.com/blog/topic/accounting-for-lawyers) - [Escrow Accounting (10)](https://www.ironscpa.com/blog/topic/escrow-accounting) - [Foreign Investment Tax (8)](https://www.ironscpa.com/blog/topic/foreign-investment-tax) - [Family Business (6)](https://www.ironscpa.com/blog/topic/family-business) - [Bookkeeping (5)](https://www.ironscpa.com/blog/topic/bookkeeping) - [Personal Finance (4)](https://www.ironscpa.com/blog/topic/personal-finance) - [Client Stories (3)](https://www.ironscpa.com/blog/topic/client-stories) - [Payroll Processing (3)](https://www.ironscpa.com/blog/topic/payroll-processing) - [Small Business Tax (3)](https://www.ironscpa.com/blog/topic/small-business-tax) - [Starting Your Own Law Firm (1)](https://www.ironscpa.com/blog/topic/starting-your-own-law-firm) - [Words of Wisdom (1)](https://www.ironscpa.com/blog/topic/words-of-wisdom) [see all](https://www.ironscpa.com/blog/get-more-from-your-financial-statements#) ## Inviting You to Visit Our Office! Please call us at your earliest convenience to set up a consultation. We look forward to meeting you, and determining how we can best serve you. ![Map Irons CPA Hopkinton](https://www.ironscpa.com/hs-fs/hubfs/images/Map%20Irons%20CPA%20Hopkinton.png?width=305&height=167&name=Map%20Irons%20CPA%20Hopkinton.png)   ### OUR LOCATION: 17 Main Street, Suite 1 Hopkinton, MA 01748 Phone: 508-533-5700 Fax: 888-922-2242 ## About Ann M. Irons, CPA LLC Ann Irons’ personal philosophy focuses on strong experience, integrity, and commitment to service above all else.  [Learn More](https://www.ironscpa.com/meet-ann-irons) ## Navigation ## Recent Blog Posts ## [![facebook](https://www.ironscpa.com/hs-fs/file-811720473-png/images/facebook.png)](https://www.facebook.com/AnnIronsCPA?ref=br_tf)[![G+](https://www.ironscpa.com/hs-fs/hub/332864/file-815314232.png)](https://plus.google.com/b/100124969766767305083/100124969766767305083/about)[![LinkdIn](https://www.ironscpa.com/hs-fs/hub/332864/file-817405565.png)](https://www.linkedin.com/company/ann-m-irons-cpa-llc)[![twitter](https://www.ironscpa.com/hs-fs/hub/332864/file-817410620.png)](https://twitter.com/AnnMIronsCPALLC) ## Ann M. Irons, CPA LLC © 2025. All rights reserved.   ![](https://googleads.g.doubleclick.net/pagead/viewthroughconversion/951439776/?value=0&guid=ON&script=0)