Financial Statements

• Preparation of Financial Statements: Preparation of income statements, balance sheets, and cash flow statements in accordance with relevant accounting standards.

• Nonprofit-Specific Financial Statements: Preparation of specialized financial statements for nonprofit organizations, including Statement of Functional Expenses and Statement of Activities.  Also provide services to compile financial data for 990 tax return preparation, but please note: we do not file or prepare tax returns.

• Government Fund Accounting Reports: Creation of government-specific financial reports, including Fund Balance Reports and Budget-to-Actual Statements.

• Review and Adjustment of Financial Entries: Ensuring the accuracy and completeness of all financial entries before finalizing the financial statements.

• Financial Statement Compilation for External Audits: Assisting organizations in compiling necessary financial data for audit purposes, ensuring compliance with auditing standards.

• Customized Reporting for Stakeholders: Developing reports that meet the informational needs of board members, donors, and other stakeholders.

• Year-End Closures: Support with year-end financial close procedures to ensure the proper recording of transactions and preparation of year-end statements.

• Variance Analysis and Reporting: Analyzing and explaining discrepancies between actual and budgeted financial performance.

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NOTE: Financial statement preparation is the process of creating a company's financial statements based on information provided by the client, without direct input of client’s financial data or offering any assurance or auditing of the accuracy of the data.