Business owners and private investors often need financial statements that accurately present the financial position of a company.
You need financial statements for your business that you can rely upon when needed. We can produce financial statements for your business on a monthly or quarterly basis so you will have the information to help run your business and to provide to investors or creditors when required.
Compilation of Financial Statements
We can compile financial statements for your company when needed. In compiling financial statements, we present information in the form of a balance sheet, income statement, and statement of equity that is the "representation of management" that is suitable for use in your business and for presenting to other interested parties. Our financial statement compilation services rely on our knowledge of accounting principles and a general understanding of your business to produce accurate financial statements.
Banks often require compiled financial statements from an independent CPA as part of their lending covenants.
Also, allowing us to compile financial statements on a monthly or quarterly basis allows for lower fees at year-end when preparing your income tax returns since much of the financial information required for income tax return preparation is already present in your compiled financial statements.
Please call us with any questions you may have regarding our financial statement services.