What's the difference between compiled financial statements and an audit?

Most small businesses file income tax annually, payroll tax quarterly, and sales tax monthly or quarterly-though exact requirements vary by state and industry. We'll help map out your deadlines.

Can you help if my bookkeeping isn't up to date?

Yes. We can assist in bringing your business into compliance and communicating with the appropriate tax authorities.

Will you explain the reports to me?

Absolutely. Our goal is to ensure you fully understand your numbers and how they affect your business.

Financial Reporting & Analysis - Serving Clients Nationwide

Accurate Financial Statements, Better Decisions

Accurate, timely financial statements are essential for managing your business effectively and making informed decisions. At Precision Accounting, we provide financial reporting & analysis services to clients across the U.S., preparing, reviewing, and explaining your Income Statement, Balance Sheet, and Cash Flow Statement so you can understand exactly where your business stands. Whether you need reports for internal management, a bank loan, or an investor pitch, we make sure they're clear, accurate, and compliant with accounting standards.

Financial Statement Preparation

We prepare monthly, quarterly, or annual financial statements using your existing books-or we can clean up your records first if needed. Our CPA-led team ensures your statements are reliable for both internal review and external purposes, such as bank financing. While we don't perform formal audits, our compiled statements follow recognized accounting principles so you can present them with confidence. Learn more about our Bookkeeping Services to see how we build accurate financials from the ground up.

Custom Reports & Analysis

We go beyond simply handing you reports-we explain what the numbers mean. Our analysis identifies trends in revenue and expenses, calculates important financial ratios, and highlights strengths and concerns. From monitoring gross margins to evaluating liquidity, we help you understand your financial position and how to improve it. Explore our Management Reporting services for more operational insights.

Periodic Review Meetings

We offer scheduled review sessions-quarterly, annually, or as needed-to discuss your financial statements in detail. During these meetings, we'll answer your questions, point out areas that may need attention (such as rising costs or declining cash reserves), and provide recommendations for improvement. This collaborative approach gives you CFO-level guidance without the cost of a full-time executive.

Common Questions About Financial Reporting & Analysis

What's the difference between compiled financial statements and an audit?

Most small businesses file income tax annually, payroll tax quarterly, and sales tax monthly or quarterly-though exact requirements vary by state and industry. We'll help map out your deadlines.
Can you help if my bookkeeping isn't up to date?

Yes. We can assist in bringing your business into compliance and communicating with the appropriate tax authorities.
Will you explain the reports to me?

Absolutely. Our goal is to ensure you fully understand your numbers and how they affect your business.

Use Cases: Loans, Planning & More

Professional financial statements can open doors to business opportunities. Whether you're applying for a loan, attracting investors, or evaluating a potential expansion, we'll ensure your reporting is thorough and accurate. If our analysis reveals issues like slim margins or high accounts receivable, we can connect you with related services like Cash Flow Management & Forecasting to create a corrective plan.

Ready to Understand Your Numbers?

If you want to see the full financial picture of your business-and make better decisions based on it-let's get started. Contact us today to schedule your financial reporting & analysis consultation.