Financial Statements

Business owners may require financial statements for a variety of reasons: to obtain bid or performance bonds required in many industries, to meet annual bank reporting requirements for loans, or to obtain business financing. Financial statements also provide important information for owners to analyze the ongoing performance of their businesses.

In addition to helping businesses meet bonding or banking requirements, the preparation of business financial statements provides the following benefits for business owners:

• provides a tool for business owners to analyze their financial results on an ongoing basis;
• gives credibility to financial reporting when businesses have multiple owners because the statement has been prepared by a qualified CPA firm; and
• provides a documented track record of financial results that can be evaluated by prospective buyers.

How can Mack & Conway help?

We’ll tailor our services to meet your specific needs. Sometimes a financial compilation using information supplied by company management may meet your business requirements. As your business grows, you may, however, require a more complex financial review or an audit. We have an excellent record in working with banks or other parties requiring audits to accept financial reviews instead of more time consuming, costly audits, and we’ll work closely with you to best meet your particular reporting needs.

For more information or to arrange a no obligation initial consultation, call Mack & Conway at (815) 485-8600 or e-mail us at cmack @mack-conway.com or rconway@mack-conway.com.