Compiled Financial Statements
Your business may need a compiled financial statement or one prepared by someone outside your business. You may simply want one, or your bank may require one. Especially if you do not have a controller, you may want a financial statement prepared in an applicable accounting format. This provides us with a good opportunity to review your information and ask questions about your business by getting to look at more detailed financial information with you.
How We Can Help
While the engagement is not designed to determine fraud, we have sometimes found instances of wrongdoing in the process. For example, we have seen employees overpaying themselves and others, failing to do work which should have been done (usually cash reconciliations), and failing to pay payroll taxes. We can also look at your internal controls and make suggestions for improvement.
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I have used Fricke & Associates for my accounting needs for the past 6 years and I am very pleased with the professional service that I have always received.
The staff are excellent, patient, professional, and efficient. They made the process very smooth and easy. We enjoyed working with Marvin and he was always available to answer our questions.... more
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Fricke and Associates know their stuff. We have always received honest and reliable service and communication from them has been up to date and relevant. If your small business needs... more
Great team of advisors. Top notch accounting service!!!
Why It's Important
Having good financial statements on a regular basis can put you in good stead when your business needs to borrow money. Further, financial statements consistently done in the same format allow solid actual and budgetary comparisons to be made. These are excellent financial controls that can aid you in monitoring your business growth and controlling your spending.
Learn more about how we can help with creating compiled financial statements in Xero or QuickBooks. Call us today to get started!
What are compiled financial statements?
A compilation is the process of preparing, from financial data provided by business management, financial statements using a basis of accounting selected by management.
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We can help
If you need a bookkeeping professional for Small businesses in Atlanta, GA, Fricke & Associates, LLC. We have the expertise and experience to understand your needs, analyze your financial data, promote your growth, and ensure your financial future is set on a successful path. Additionally, we are a leader in developing and implementing the latest technology for optimizing accounting, tax, and financial planning solutions.
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