Accounting services from Grasmeier Business Consulting put you at ease
When you entrust Grasmeier Business Consulting with your accounting services you can relax and focus on what you do best – running and growing your business. In fact, we encourage you to do just that, following the mantra “Do for your business what ONLY YOU can do – and outsource the rest!” That’s just good business sense!
Bookkeeping you can bank on to be accurate
Bookkeeping is the most fundamental business service we offer our clients. Accurate records are imperative to your business success; they are immensely important to your current financial reporting and to charting your future business growth.
Bookkeeping tasks can pile up if they are not performed in a timely manner. They can distract your attention from what matters most – attending to your customers’ needs. What may appear insurmountable is actually manageable by the professionals at Grasmeier Business Consulting.
You can trust us to attend to the time-intensive details of:
- Bank reconciliations
- Monthly, quarterly, semi-annual, and annual reporting
- Maintenance of fixed asset schedules
- Loan amortization schedules
Customized agreed-upon procedures to fit the bill
Agreed-upon procedures differ from audits in several important ways. Understanding your purpose and the intended use of the results will help you determine which professional vehicle suits you best. The purpose of an audit is for the practitioner (the CPA/CMA) to provide an opinion on the financial statements as a whole. In the lesser-known and less expensive AUP engagement, the CPA does not provide an opinion or a conclusion. Instead, the CPA/CMA provides a final report listing the findings resulting from the procedures that are agreed upon.
The CMA designation is a globally recognized credential with a special focus on corporate finance and management accounting. CMAs are certified professionals qualified in financial analysis and financial planning such as budgeting and forecasting, internal control, reporting, and professional ethics.
While an AUP might cover particular elements of the financial statements (such as accounts receivable or inventory), it could involve something totally unrelated to the financial statements, such as contractual obligations, due diligence, or research projects. Consider an AUP when you either have a specific requirement or should address certain information.
Compilations, reviews, and audits
Beyond basic bookkeeping are accounting services such as compilations, reviews, and audits. In a compilation, the accountant converts your data into financial statements without providing any opinion or assurances on the financial statements. It is this provision of assurances (or lack thereof) that defines compilations, reviews, and audits.
A review by a Certified Management Accountant could include:
- Ratio analysis
- Industry comparison analysis
- Budget and cashflow analysis
- Financial projects
These areas are all important parts of your strategic business plan and deserve the attention of a review. A review provides a limited assurance rather than a reasonable amount of assurance, reporting on the plausibility of the financial statements.
An audit provides a reasonable level of assurance by including a form of a positive statement such as “presents fairly” or “presents a true and fair view.” Its purpose is to form a view on whether the information presented in the financial report, taken as a whole, reflects the financial position of the organization at a given date.
As with other areas of the financial, real estate, and investing world, regulations change constantly. Our experienced, knowledgeable, accounting professionals, and those of our strategic partner forms, stay up-to-date on the flow of revisions and standards in order to provide you with thorough, accurate, and dependable business advice. You can trust Grasmeier Business Consulting.