Financial Statement Preparation

At ACI, the process involved in preparing month-end financial statements is continuous.  Bookkeepers are recording expenses as client invoices are received, employee payroll is typically run on a semi-monthly basis, brokerage statements are gathered and analyzed as they become available from the clearing firms, and checks are processed daily.  Prepaid schedules become fairly simple because invoices that are prepaid are being recorded into the proper accounts immediately as they reach our facility.  Accrued expense schedules are prepared at relative ease because we understand the nature of our client’s business and know the fees they pay for year-end financial audits, tax preparation, and to their employees for generating monthly revenues.    The constant gathering of financial information allows the Certified Public Accountants as ACI to prepare financial statements in a timely manner.

As the provider of financial accounting services for our clients, ACI takes responsibility for developing accurate and timely financial statements for all end users.  The owner of every client firm is provided with monthly financial statements, inclusive of a balance sheet, income statement and general ledger detailing all activity conducted throughout the month.  Accounts receivable and accounts payable reports, which respectively list all outstanding monies due to the client by customers and all outstanding monies owed by the client to vendors, can be provided as requested. These financial statements allow the client to understand the profitability of their respective firms and to conduct analysis to determine where additional revenues can be generated and where costs can be reduced.  We pride ourselves on accuracy and ensure that these financial reports are provided to the client within sufficient time to utilize the information effectively.