Compiled Financial Statements
In compiling financial statements for a client, we present information from your books and records that is the "representation of management" and we express no opinion or assurance on the statements. Compilations don't require inquiries of management or analytical procedures. Instead, we rely on our knowledge of accounting principles and a general understanding of your business.
The typical basic compiled financial statements consist of
- Balance Sheet
- Income Statement
However, the variety of additional statements that are available is endless, but can include
- Statement of Cash Flows
- Budgets
- Projections
- Supplementary Schedules
We can tailor a set of financial statements to fit your business' needs.
Remember - having timely, accurate financial statements is an indispensable tool in running a business. Without them, you are "flying blind." We not only prepare your statements but review them with you to make sure you thoroughly understand them.
