Advisory Only - Financial Planning
Accurate Financial Statements For Making Informed Decisions, Securing Funding, And Ensuring Compliance
At GMS, we provide professional financial statement compilation services. Our team compiles precise, well-organized statements that reflect your financial performance, giving you the clarity and confidence you need to manage your organization effectively.
Our Financial Statement Compilation Services Include
01
Comprehensive Financial Reporting
We compile clear and accurate financial statements that comply with industry regulations and reporting standards. From balance sheets and income statements to cash flow reports, we ensure your records are complete and easy to understand.
02
Custom Financial Summaries
Our financial reports are customized to highlight the metrics that matter most to your organization. We break down complex data into actionable insights that empower you to make smarter financial decisions.
03
Audit-Ready Statements
Need professionally compiled financial statements for an audit or lender review? We ensure your records meet all required standards, giving you peace of mind when facing external evaluations.
04
Budgeting & Forecasting Support
With properly compiled financial statements, we help you project future financial performance through detailed budgeting and forecasting tools, ensuring you stay ahead of market challenges and opportunities.
Why Choose GMS for Financial Statement Compilations?
Expert Accuracy
Our team ensures your financial records are compiled with the highest level of precision, ensuring clarity, compliance, and audit readiness.
Industry-Specific Knowledge
With years of experience across the nonprofit, medical, and real estate sectors, we understand the unique financial reporting requirements of your industry.
Actionable Insights
We don’t just compile data—we provide insights that help you make better decisions, improve performance, and plan for the future.
Peace of Mind
You’ll never have to worry about incomplete records or last-minute reporting issues. We keep your financial records accurate, organized, and ready when you need them.
FAQs
What is a financial statement compilation?
A financial statement compilation involves organizing and presenting financial data in a clear, standardized format based on information provided by your business or organization. While it does not involve auditing or verifying the data, it ensures your financial records are well-organized and ready for management, investors, or lenders.
Who needs financial statement compilation services?
Financial statement compilations are essential for nonprofits, medical practices, real estate investors, and businesses that require accurate financial records for decision-making, securing funding, meeting regulatory requirements, or preparing for audits and tax filings.
How is a compilation different from an audit or review?
A financial statement compilation organizes your financial data without verification or assurance, making it less extensive than an audit or review. An audit involves in-depth examination and verification of financial records, while a review includes analytical procedures and limited assurance. A compilation focuses on presenting data clearly and accurately without providing assurance.
How often should financial statements be compiled?
We recommend compiling financial statements on a monthly, quarterly, or annual basis, depending on your business needs. Regular compilations provide up-to-date financial insights, enabling better decision-making and ensuring readiness for audits, tax filings, or investor presentations.
What information do I need to provide for a financial statement compilation?
You’ll need to provide key financial data, such as income statements, balance sheets, cash flow statements, bank statements, and details on accounts payable and receivable. Our team will guide you on exactly what is required to create comprehensive and accurate financial statements.
How can financial statement compilations benefit my business or organization?
Financial statement compilations offer a clear and organized view of your financial performance, helping you track profitability, manage cash flow, and make informed business decisions. They also improve transparency, enhance investor confidence, and simplify tax filings or audits by ensuring records are well-prepared and easily accessible.
Accurate Records for Better Decisions
Don’t let disorganized financial data hold you back. Partner with GMS for professional financial statement compilation services that deliver clarity, accuracy, and actionable insights. Let’s help you build a stronger financial future.