Accounting
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A financial statement can be a useful tool for management to make business decisions. Informational, well-organized financial records ensure that your company will operate more efficiently on a daily basis. We can assist in the preparation of these statements in accordance with professional standards and are committed to providing this information to our clients in a cost effective, timely and accurate manner. We offer a full range of accounting services including the following:
- Bookkeeping (monthly, quarterly and/or annually)
- Review Reports
- Compilation Reports
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Bookkeeping, Budgets,
Projections and Cash Flow
We are able to evaluate your company’s financial condition, estimate financing requirements, track cash flow sources and uses, and help you achieve your company’s set financial goals. It is important to remember that a business can be profitable and still run into trouble due to cash flow issues.
Review Reports
When we’re doing a review report, Gardiner Thomsen is required to analyze the relationships among data in your financial statements. We will inquire of management and apply analytical procedures to determine if any material modifications need to be made to the financials, but we will not perform audit procedures to arrive at that conclusion.
For example, if we notice that your organization reported a significant increase in sales compared to the previous year, we would ask what factored into the increase. We would then disclose our findings in required footnotes on the report. The depth of this investigation will be much less than if you’d ask us to perform an audit.
Compilation Reports
To do a compilation report, Gardiner Thomsen will gather the financial information supplied by your organization’s management team. Plus, we’ll make sure your financial statements are free of obvious errors and confirm that all the necessary footnote disclosures are included.
Often times, organizations use a compilation report when they need to create financial statements to be used by management, a Board of Directors or to give to potential investors. The compilation report disclaims any responsibility for the data presented except that it is prepared in accordance with generally accepted accounting principles.