Accounting

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.

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.

Reviews are ideal for businesses of various sizes that are fairly certain of their financial statements, but would simply appreciate a second opinion.