Many times business are required to submit formal financial statements to a third party as part of licensing or for debt covenants with lenders. We routinely work in the following areas: Compiled Personal Financial Statements We prepare personal financial statements from data you will provide to us. We will summarize your business data if you own a business and calculate your deferred tax liability.
Compiled Financial Statements
We will prepare the financial statements based on data obtained from management. We will prepare a Balance Sheet, Income Statement, Cash Flow Statement, and any required disclosures. This form of financial statement works well for residential construction contractors and business providing financial data to their lending institution.
Reviewed Financial Statements
We will prepare financial statements after we perform analytical procedures on the data management provides. A review offers a higher level of assurance on the financial statements than a compilation. We will prepare a Balance Sheet, Income Statement, Statement of Cash Flows, Statement of Retained Earnings, and any applicable disclosures and supporting schedules. This form of financial statement is very common in the commercial construction industry.
Call or contact us today by email for more information on our financial statement preparation services.