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:
Pre-engagement procedures.
We understand your business, suggest relevant services, define scope and fees, and document the same.
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.
Review.
We review the information we have received to ensure it is complete and accurate (though note we do not conduct an audit).
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.
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.
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.
CONTENT
Read our content
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
Accounting & Taxes
From excessive tax payments to substantial refunds: how using the wrong accountant can impact tax payments
BridgePoint Group Accounting was referred to a client who was in search of a new […]
Read More
Accounting & Taxes
Dynamic cash flow visibility: how to turn uncertainty into financial predictability
Our client, a prominent player in the hospitality industry faced a pressing challenge related to […]
Read More