As part of BusinessWise CFO, a Fiducial Company’s accounting and tax services, our team compiles your financial statements, we are obtaining a clearer perspective of the client’s general bookkeeping system and business operation. Instead of the general journal entries, we will compile all your financials with a report attached defining them as a compiled. With this format, there is no guarantee of the accuracy of the numbers because we are working based off only what you have told us.
When reviewing your financial statements, we are performing more of an in depth analysis by asking you for more information about your current business operations, your current and previous accounting procedures, doing research on your industry, and about the performance of your employees. With these analyses, we can determine more accurate numbers, create comparisons, and point out any improvements that should be made.