Boyle, Hess and Elliott, CPA's, P.C. provides accounting and auditing services to numerous clients throughout the year in a variety of industries. When providing accounting and auditing services our approach is two fold. First, and most importantly is compliance with general accepted accounting principals, producing timely reports and meeting client deadlines. At the same time, our professional staff looks for significant trends and opportunities for profit improvements for our clients. We communicate these findings to management along with the reports required by the engagement. Our insight could include recommended changes for more efficient operations, stronger financial structure or improved accounting and administrative controls.
Our main financial statement services are briefly described below.
Compilation involves preparing financial statements based on information provided by a company's management, and will often involve some adjustment to the accounting records. However, a compilation does not provide assurance that the materials submitted by the company are valid or were prepared in conformity with generally accepted accounting principles.
Reviews are often needed for companies that must report their finanial position to third parties such as creditors, regulatory agencies, or business owners who are not actively involved in the management of the company. In a review, we make inquiries concerning financial statement-related matters and apply analytical procedures designed to identify unusual items or trends in the financial statements that may require further analysis. A review provides limited assurance that material changes of the financial statements are not necessary.
Audits are appropriate for businesses that must offer a higher level of assurance to outside parties. An audit usually includes such procedures as confirmation of balances with external sources, observation of inventories, and testing of selected transactions by examination of supporting documents. The completion of an audit results in a report stating whether the financial statements are presented fairly and whether they are in conformity with generally accepted accounting principles.
In addition to these key services used by nearly all companies, we also offer the following:
- Monthly/Quarterly Financial Reports
- Internal Control Review
- Comparative Financial Statements
- Client Accounting Training
- Outside Controllership/Accounting Assistance
- Personal Financial Statements
- Budgeting and Forecasting
- Payroll and Sales Tax Assistance
- Fixed Asset/Depreciation Schedules
- Administration of 401(k) plans
- Outsourcing - We will process all of your
accounting requirements. Accounts payable, recievables, payroll,
etc.