ACCOUNTING SERVICES
Our accounting services extend far beyond the preparation of financial statements. Prior to any engagement, we analyze your situation and devise a plan tailored to meet your needs. We can provide you with the accurate and unbiased information you require to make many vital business decisions. We pay great attention to detail during the planning process - which results in the most cost-effective, timely and highest quality service possible.
In any engagement, clients receive the benefits of our years of diverse business experience. Knowledge of a client's business often leads to the detection of problems, conditions and opportunities not always apparent to client management. As a result many clients realize increased productivity and real dollar savings.
We perform our accounting and audit services in strict accordance with the standards set forth by the American Institute of Certified Public Accountants (AICPA).
TYPES OF SERVICE PERFORMED
Compilations. A compilation involves assembling data from client records and presenting it in the format of financial statements. Often the credibility of the financial statements is enhanced by association with an outside CPA, in spite of no opinion being rendered by the CPA on compiled financial statements. For many small businesses and organizations, these statements are often sufficient enough to meet management needs, a well as the needs of certain third parties. Such statements may be necessary in a start-up situation or for mature companies and organizations on an annual, quarterly, sometimes even a monthly basis.
Reviews. In a review, analytical techniques are utilized to determine if material modifications of financial statements are necessary. In a closely held company, reviewed financial statements may satisfy certain lenders' or other third parties requirements, in lieu of an audit.
Audits. The goal of an audit is the opinion of the independent CPA that the financial statements are fairly stated and follow generally accepted accounting principles. In such an engagement, internal accounting controls are evaluated to determine the extent of transactions to be tested and confirmation with outside parties is utilized.
Forecasts and Projections. Prospective financial statements, including forecasts and projections, present the expected future results of operations, based on certain stated assumptions. These statements may be appropriate in business start-up situations or as part of a restructuring plan. We can also assist with budget preparation.
General Accounting Assistance. Keeping on top of the financial side of your business is so critical yet so time-consuming that many entrepreneurs find they often need accounting help on an as needed basis, particularly, at period end closing to prepare financial information to be audited or reviewed by other independent CPA’s. We provide a full range of cost effective accounting services including the following:
- Accounting systems set-up for new business
- Implementation of accounting software
- Write-up and general ledger preparation services
- Accounting outsourcing services
- Preparation of fixed asset and depreciation schedules
- Preparation of audit schedules
- Performing Agreed Upon Procedures as required in special situations
- Due diligence reviews and analysis of financial statements
- Management letter preparation and recommendation to improve internal procedures
- Consultation with management on accounting matters
