Fostering Your Business’s Financial Success
Accounting helps business owners track their finances and understand how they affect their overall performance. Our team of Houston CPAs will assist you with statements and your balance sheet, and even review your reporting if you’re in need of a second opinion on what has already been gathered.
Accounting compilations consist of setting up financial statements–especially balance sheets–that reflect a business’s cash flow and financial standing. We typically obtain bank statements, schedules, and legal documentation that may be required to move forward with your financial statements. By letting our Houston CPAs compile the relevant documents for you, you will be able to present potential investors with a big picture view of your business.
Who May Benefit From Our Compilation Services
Compilations are ideal for small to medium-sized businesses that are certain all of their information is accurate and, therefore, do not need an audit but would like some help collecting documents. Additionally, a compilation may be all they need to provide to most banks.
When it comes to accounting, business owners may confuse reviews with audits or use the terms interchangeably. In reality, reviews are a step below an audit–thorough as compared to compilations, but not completely assured as compared to audits.
When you request a review by our Houston CPA firm, we will implement a process in which we analyze your current reporting and briefly fact check. Additionally–much like with compilations–we will also collect bank statements, legal documents, and schedules in order to draft your financial statements. Our accountants will also compare the current year’s performance to the prior year and these results with similar companies’ results.
Though less accurate and in-detail than an audit, we will still go through your numbers to see if they make sense.
Who May Benefit From Our Houston Accountants’ Review Services
Reviews are ideal for businesses of various sizes that are fairly certain of their financial statements, but would simply appreciate a second opinion.
Our Houston CPAs Are Here To Help You Understand Your Business’s Financial Standing
Although we do not offer auditing services, accounting compilations and reviews are a great way to get a general understanding of your business’s finances while saving money and time on your end while also empowering you to make the right financial decisions for your business. If you would like our expert accountants to complete a compilation or review, please contact us. We look forward to helping your business succeed!