Reporting you will actually use
Many owners only see proper financial statements once a year, months after the period they describe. By then the information is history. We help clients build a reporting rhythm that gives them timely, reliable information while there is still time to act on it.
That can be as simple as interim statements with a short commentary on what moved and why, or a closer look at margins, cash flow and how the business is performing against prior periods.
Statements others can rely on
When a lender, board, funder or prospective buyer needs financial statements, the level of assurance matters. We perform both compilation and review engagements, and we will help you understand which one your situation calls for before the work begins.
We agree on the timeline at the outset, so the statements are ready when the people relying on them need them.
Who this is for
Owners who want a stronger financial reporting and analysis function, and organizations with lenders, shareholders or funders who expect dependable statements.
About financial reporting and analysis
What is the difference between a compilation and a review engagement?
In a compilation engagement, we assemble financial statements from the information you provide and do not express assurance on them. In a review engagement, we perform inquiry and analytical procedures and provide limited assurance that the statements are plausible. A review involves more work and is often what a lender or shareholder requires.
How do I know which one I need?
It is usually set by whoever relies on the statements. Loan agreements, shareholder agreements and funding agreements often specify the level required. If you are unsure, ask your lender before year-end, or ask us and we will help you find out.
How often should I receive financial reports?
It depends on the size and pace of the business. Some clients are well served by quarterly reporting, others want monthly. We recommend a rhythm during discovery and adjust it as your needs change.
Often combined with
Start with a conversation.
Tell us about your business. We take the time to understand your needs before we propose anything.