Financial Reporting

Boring! Or, so you may think! Your financial statements are more than good corporate governance or a requirement of the Act - they are often the difference to obtaining finance and investment, or not.

When Accuracy Matters

So, entrust the team that knows the importance of getting things right. Applying the accounting standards to your numbers lets you know where your business really stands. It gives you, your banks and your shareholders the platform to compare apples with apples, year after year.

How it Works

Our process is designed to be efficient and effective. Whilst acknowledging there will be differences around the detail, once engaged to prepare financial statements we will always follow these broad steps:

1

Pre-engagement procedures.

We understand your business, suggest relevant services, define scope and fees, and document the same.

2

Information gathering.

We take the source data from wherever it is. Often that’s your internal accounting package, discussions with your bookkeeper, and additional documents where necessary to verify or explain the transactions we will see and account for.

3

Review.

We review the information we have received to ensure it is complete and accurate (though note we do not conduct an audit).

4

Preparation.

Reconciliations are performed to prove up the balances, and working papers are prepared to support the key items that will appear in the financial statements. Finally, your data is drawn into our software and draft financial statements are produced.

5

Completion.

Draft financial statements are subjected to a rigorous quality review. If amendments are required, they are processed before a final, high level and high value review is undertaken and the financial statements are approved for sending. Adjusting journal entries are provided to your bookkeeper or entered with their permission.

6

Post-engagement procedures.

The job’s not done until and unless you are satisfied that you got exactly what you paid for. It’s a great opportunity for two-way feedback.

Why BridgePoint Group?

Broad Capabilities

We have a diverse team of highly trained experts selected to support every stage of your business journey.

Commercial Acumen

We understand the drivers of your success and help you to tackle the things that make the difference.​

Results-Driven

We partner with our clients with an owner's mentality.​

Unique Method

We employ a team-based, cross-functional approach to ensure you get the full benefit of our collective ability.

Didn’t find what you’re looking for?

CONTENT

Read our content

tax-planning Accounting & Taxes

Why June is Important For Your Business.

We caught up with BridgePoint Group’s Director Mitchell Turnbull, to find out why June is […]

Read More
outsourced-CFO-finance-function Accounting & Taxes

Outsourced Finance Function – Getting Lucky More Often

The absence of an effective finance function is the number two reason why small businesses […]

Read More
tax-planning Accounting & Taxes

Tax Planning – Recurring Opportunities

Tax planning is about planning your affairs to legitimately make sure you don’t lose wealth […]

Read More
Accounting & Taxes

ATO expands employment tax crackdown through random audits*

The novel tactic involves “all-encompassing” reviews of businesses’ PAYG, FBT and superannuation obligations, mid-tier firm […]

Read More