Are these audited or reviewed statements?

No. These are prepared statements supported by workpapers. If a lender requires a formal review or audit, the workpapers make that engagement faster and less expensive.

Why do workpapers matter if the statements look right?

Because a balance can look right and still be wrong. A workpaper proves what the number is made of, and it is the first thing a lender, auditor or buyer asks for.

How often should I get statements?

Monthly for most operating businesses. Quarterly can work for smaller or steadier ones.

Services

Financial statements and balance sheet workpapers

Income statement, balance sheet and cash flow prepared on accrual, with a workpaper behind every balance sheet account that ties it to a source document. Statements a lender, investor or buyer can follow without you in the room.

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What is included

Accrual-basis statements

Income statement, balance sheet and statement of cash flows, monthly, quarterly or annually.

Balance sheet workpapers

Cash, receivables, inventory, fixed assets, prepaids, payables, accruals and debt, each supported and tied out.

WIP schedules

For contractors and project businesses, the schedule that supports over- and under-billings.

Lender and investor packages

Comparative statements, agings and schedules in the format a bank, surety or investor asks for.

Walkthrough

What moved, why, and what to do about it.

How it works

Confirm who the statements are for and what they need
Close and reconcile the period
Prepare a workpaper for each balance sheet account
Prepare the statements and supporting schedules
Review them with you before they go out

Common for

Construction & trades Manufacturing Fabrication & machine shops Startups All industries →

Common questions

Are these audited or reviewed statements?: No. These are prepared statements supported by workpapers. If a lender requires a formal review or audit, the workpapers make that engagement faster and less expensive.
Why do workpapers matter if the statements look right?: Because a balance can look right and still be wrong. A workpaper proves what the number is made of, and it is the first thing a lender, auditor or buyer asks for.
How often should I get statements?: Monthly for most operating businesses. Quarterly can work for smaller or steadier ones.

Other services

Bookkeeping & monthly close Payroll WIP review & job costing Catch-up & cleanup Accounting CFO services Tax