At Cypress, we believe that it is best to start the detailed analysis with a financial inspection of the client’s current condition.  A balance sheet is created by reviewing various account statements to generate a list of all liquid and illiquid assets, as well as outstanding debt.  Additionally, data is gathered about income and recurring and non-recurring expenses to create a current cash flow statement.  The cash flow statement and balance sheet are two of the most important indicators of current financial health.  Without these, it would be fruitless to make major financial decisions.  In addition to creating these statements, Cypress more deeply analyzes the nature of outstanding debt and liquid assets to create a debt management plan.  Recommendations are also made for budgeting and spending adjustments.