End-of-Year Accounting Services

Our comprehensive year-end accounting service is designed to meet the diverse needs of businesses, offering both year-end cleanup services and current/historical financial statement compilation. This service ensures the accuracy and dependability of your financial statements, reducing the likelihood of errors or discrepancies. You’ll remain compliant with industry standards and regulations, minimizing the risk of fines or penalties. We streamline the process for your tax accountant (CPA) by delivering a comprehensive and well-organized financial statement package. This service enhances transparency in your financial reporting, building trust among stakeholders such as investors, lenders, and regulatory authorities. More importantly, it allows your team to redirect their time and resources as we handle the meticulous work of financial statement preparation.

1. Our seasoned financial professionals meticulously compile your financial data, preparing comprehensive and accurate financial statements, including the Balance Sheet, Income Statement, Cash Flow Statement, and accompanying notes.
2. We ensure adherence to Generally Accepted Accounting Principles (GAAP) and all relevant regulatory requirements, guaranteeing compliance with industry standards and regulations.
3. All supporting documentation, including invoices, receipts, ledgers, and transaction records, is meticulously gathered and organized to substantiate the numbers in the financial statements.
4. We prepare a CPA-ready package encompassing all necessary financial statements, supporting documentation, and additional reports required for your CPA’s review, tax preparation, or audit.

Key Components:

1. Financial Analysis: We conduct a preliminary analysis of your financial statements to identify any anomalies, trends, or areas that may require attention. This proactive approach can help address issues before the CPA review.
2. Data Verification and Reconciliation: We thoroughly review your historical financial records, including income statements, balance sheets, cash flow statements, and accompanying documents. We identify discrepancies, errors, or missing information that may impact the accuracy of your financial statements.
3. Documentation Organization: We organize all supporting documentation, invoices, receipts, ledgers, and transaction records associated with the historical financial data, making it easy to access and reference when needed.
4. Regulatory Compliance: We ensure that your historical financial statements adhere to applicable accounting standards, such as Generally Accepted Accounting Principles (GAAP) or International Financial Reporting Standards (IFRS). Compliance is crucial for transparency and regulatory requirements.
5. CPA Collaboration: We work closely with your CPA to understand and facilitate their review, tax, and audit processes, ensuring a smooth and efficient engagement. We address any queries or requests for additional information promptly.
6. Financial Statement Preparation: Our experienced financial professionals meticulously compile your financial data to prepare comprehensive and accurate financial statements. These statements include the Balance Sheet, Income Statement, Cash Flow Statement, and accompanying notes.
7. Reporting and Presentation: We prepare cleaned-up historical financial statements, ensuring that they are accurate, compliant, and ready for presentation to stakeholders, including auditors, investors, or regulatory authorities.
8. Adjustments and Corrections: Our team makes necessary adjustments and corrections to rectify any inaccuracies in your financial data. This includes resolving outstanding discrepancies and correcting misclassifications.
9. CPA-Ready Package: We prepare the final CPA-ready package that includes all necessary financial statements, supporting documentation, and any additional reports your CPA requires for their review, tax preparation, and audit.
10. Management Internal Reporting Standards: We analyze your financial position to offer performance optimization recommendations and help achieve your upcoming fiscal year objectives. Additionally, we identify and analyze five key financial metrics to track performance, measure success, and drive improvement initiatives.

Through this process, leaders gain access to reliable financial data that enables well-informed decision-making and prepares the company for tax preparation and audits – ultimately facilitating an overhaul of their financial outcomes. Ultimately, clients will obtain well-organized, compliant, and accurate current or historical financial records that contribute to improved financial accountability and reporting reliability.