At Martin, Bircher, Thompson, PC, we can assure you that you’re in the right place when it comes to financial statements and reports for physicians.
Need statements you can rely on? Get reliable financial statements from our team.
Compilation Reports
Accountants use information provided by clients to create compilation reports. These reports are prepared to assist management in organizing their financial statements and provide statements that may be required by third parties.
Compilation reports may not be as complex as some other accounting obligations for physicians. However, timely, accurate, and understandable compilation reports are necessary to assess the financial strength of your company.
Even if creating financial reports seems manageable to do in-house, Martin, Bircher, Thompson, PC can take the pressure off of your staff to create a professional report that adheres to your industry’s standards and requirements. We can prepare these reports on a monthly, quarterly, or annual basis depending on your needs.
FREQUENTLY ASKED QUESTIONS
What is a compilation report?
It’s a report our accountants create from the information you provide. It helps management organize their financial statements and gives you statements that third parties may require.
How often can you prepare them?
Monthly, quarterly, or annually, depending on your needs.
Our staff can handle financial reports in-house. Why bring you in?
Preparing statements takes time away from the work your team is already doing. We prepare them to your industry’s standards, so you get a professional report without adding to your staff’s workload.
Do our records need to be organized first?
Compilation reports are prepared from the information you provide, so the more organized your records, the more useful the report. Our bookkeeping services keep records organized and understandable, and our accounting services keep transactions reconciled and categorized.
RELATED SERVICES
Compilation reports are only as strong as the records behind them. Accounting keeps that groundwork reconciled and categorized.
» Get Clear Financial Reporting
Timely reports start with timely records. Bookkeeping keeps transactions entered and reconciled so they’re ready when a report is due.
Once you have clear statements, consulting helps put them to work, from benchmarking your practice against similar ones to designing key management reports.
» Strengthen Practice Operations
Tax planning starts with a review of your accounting reports from throughout the year, so regular reporting means projections start from current numbers.