Audits, Reviews, and Compilations
- Audits: Intensive examinations with the highest level of assurance.
- Reviews: A series of analytical procedures conducted with limited assurance.
- Compilations: Analyses based on client information. Intended primarily for internal use.
Our firm provides a full range of cost-effective accounting services, including:
- Accounting system setup for new businesses
- Business tax return preparation
- General ledger and financial statement preparation
- Litigation support
- Personal financial statements
These financial statements do not include an expressed opinion or any other form of assurance of the included information. For statements which include assurance, see Audits, Reviews, and Compilations.
An accrual basis financial statement estimates the financial aspects of a business in which a transaction happens, but the payment hasn’t occurred yet. These are known as receivables. Another aspect that is considered is payables, which are expenses for a period in which you have not paid for yet. Let us provide you with an accrual basis financial statement for your business. Our experienced professionals can provide you the tools to know how to increase profit in your business.
A cash basis financial statement looks into the finances of a company based on a cash flow method. This means that all transactions are recorded once payment is received. For a cash basis financial statement, turn to the qualified financial advisors at Jeff Baker & Associates, PS. We’ll help put together a cash basis financial statement and advice on how to increase profit in your business.
A tax basis financial statement is based on tax laws. It treats both revenues that aren’t taxable and expenses that are not deductible in a different way than accrual and cash basis financial statements. On the financial statement, the revenues and expenses can be separate items, add-ons or deductions to overall income, or in a disclosure. Let us help increase the profit in your business by preparing a tax basis financial statement for you.
Personal Financial Statements
Whether you’re tracking business expenditures or an investor is looking into your business, a personal financial statement is a good thing to have. It will include a balance sheet, which is the basic information about assets and liabilities, and an income statement, which tracks what is earned and spent in a certain time. If you are unsure how to go about preparing your personal financial statement, let the experts at Jeff Baker & Associates, PS help. A personal financial statement is an important way for you to know where your business can profit.
Prescribed Financial Statements
Jeff Baker & Associates can assist you with your financial statements either for personal or professional reasons. Financial Statements are a collection of reports about an organization’s financial results, cash flows and financial condition. They are statements that can be created to show a monthly, quarterly or annually change in your personal or business financial situation.
QuickBooks Set-Up, Accounting and Consulting
QuickBooks can provide useful and timely information in the form of financial statements, reports and graphs. However, it can only provide this information if you purchase the right product, install and set-up properly. At JBA we don’t just help you use the software; we help you use it more efficiently and effectively. We have a QuickBooks Pro Advisor that can assist you with questions or problems you may have.
Prepare for your upcoming tax filing and increase your financial stability with our tax preparation and planning services. Contact our office staff to help you develop the best tax strategies for your business or individual needs.
Ensure your success of your business with our accounting and tax services, including accounting system setup, business tax return preparation, business sales and acquisitions, and much more. We have listed a few of the industries that we have extensive experience with, but we are not limited to providing services to these types of businesses as we work closely with many types of business owners.
When you are buying or selling real estate, contact us for help. We will make the process easier by assisting you with your cash flow analysis, tax considerations, and much more. Click the icon above to find out more!