AudiTree prepares accurate and compliant financial statements for accounting firms and businesses. Our financial statement preparation service is built for practices that need reliable remote support to meet deadlines, maintain accuracy and satisfy audit and regulatory requirements without adding to their permanent headcount.
What Our Financial Statement Preparation Service Covers
Our financial statement preparation service covers the full range of financial reporting work accounting firms and businesses need:
- Preparation of full financial statements balance sheet, income statement, cash flow statement and notes
- Compilation of management accounts and board reporting packs
- Consolidation of group accounts across multiple entities
- IFRS and local GAAP compliant financial statement preparation
- Comparative analysis and prior year reconciliations
- Financial statement disclosures and note preparation
- Director’s report and declaration preparation support
- Preparation of financial statements for external audit review
- Special purpose financial statement preparation
- Interim financial statement preparation
Every set of financial statements is prepared by qualified accountants trained in the relevant accounting standards and reviewed internally for accuracy before delivery to your team.
Why Firms Outsource Financial Statement Work
Financial statement preparation is time-consuming, detail-intensive work. For accounting firms managing large client portfolios, the volume of financial statements requiring preparation at year end creates enormous capacity pressure, exactly when your team is already stretched.
Outsourcing financial statement preparation gives your firm the capacity to meet every deadline without the cost and complexity of expanding your permanent team.
Firms that outsource financial statement preparation consistently report:
- All client deadlines met even during peak reporting periods
- Consistent quality across all client financial statements
- Senior staff freed up for review, advisory and client relationship work
- Significant cost savings compared to managing all preparation in-house
- Faster turnaround times than relying on an overstretched in-house team
How We Deliver Accurate and Compliant Financial Statements
Our financial statement preparation process is built around accuracy, compliance and your firm’s specific requirements. Every engagement follows the same structured methodology.
We start from your client’s trial balance and chart of accounts reviewing for completeness, consistency and any items requiring clarification before preparation begins. We never make assumptions. If something is unclear we ask before proceeding.
We prepare all required financial statements and notes in your preferred format whether that is a standard template, your firm’s own style guide or a client-specific format. We match your existing style exactly so financial statements look like they were prepared in-house.
Every set of financial statements goes through our internal quality review before delivery. We check for mathematical accuracy, disclosure completeness, compliance with applicable standards and consistency with the prior year.
We deliver the completed financial statements within the agreed turnaround time. Any revisions requested by your team are actioned immediately and returned within the same business day where possible.
- Accounting Outsourcing Support Beyond Financial Statements
Our financial statement preparation service sits within a broader accounting outsourcing capability. If your firm needs support beyond financial statements, including bookkeeping, management accounts, BAS preparation, payroll or audit support, our team can provide that too.
Many firms start with financial statement preparation and expand their use of our service as they see the quality and reliability of our work firsthand. Having one trusted outsourcing partner for multiple accounting functions is simpler to manage and more cost effective than using multiple providers.
Talk to Our Audit Team Today
If your firm is struggling with bookkeeping capacity, rising staff costs or slow turnaround times, our team can help. Book a free consultation and we will show you exactly how our bookkeeping outsourcing service works in practice including turnaround times, pricing and onboarding process.
