Compiled Financial Statements

Clear, accurate financial statements you can trust

Get your financial data presented in a professional format, tailored to meet your specific needs and the expectations of external stakeholders.

Simplify Reporting

We turn your financial data into clear, easy-to-read statements.

Support Decision-Making

Make smarter business decisions with accurate financial insights.

Build Credibility with Stakeholders

Provide lenders, partners, and other stakeholders with reliable reports.

Tailored to Your Business

Your financial statements will be customized to meet your needs and goals.

Organized Financial Compilations

Complete, easy-to-understand financial statements

Compiled financial statements are built on the information provided by your management, reflecting your business’s financial position.

Without additional verification or opinion from us, we prepare compiled financial statements in accordance with professional standards, presenting your data clearly and accurately.

What we deliver:

– Compiled financial statement preparation based on client-provided info.
– Organization of data into professional, easy-to-read formats.
– Compliance with relevant accounting standards.
– Flexible reporting options for various timeframe needs.

Professional Compiled Statements

What makes compiled financial statements essential?

Compiled financial statements are an invaluable tool for both internal decision-making and meeting the requirements of external stakeholders.

These statements do not include inquiries or analytical procedures, and Sklar & Sandler LLP does not express an opinion or assurance on the information presented. They’re typically requested by banks, insurers, or lessors, yet they offer actionable insights in planning effectively for the future.

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Common questions about Compiled Financial Statements

What’s the difference between a compilation and an audit?

A compilation organizes financial data provided by management without additional verification, while an audit includes a thorough examination and offers the highest level of assurance.

Who typically needs compiled financial statements?

Compiled statements are often requested by lenders, investors, or business partners to gain insight into your financial position.

How often should I update my compiled financial statements?

This depends on your needs. Many businesses opt for monthly or quarterly updates, but we can tailor the frequency to your requirements

Do you check the accuracy of the financial data I provide?

A compilation relies on the data you provide without additional verification, but we can review your records separately if needed.

Can compiled financial statements help with tax preparation?

Yes! Organized financial statements make the tax preparation process smoother and more efficient.