Compiled Financial Statements Near You
Gould, Blake & Company CPAs prepares compiled financial statements near you in Phillipsburg, NJ and Easton, PA. When a bank, an SBA lender, a surety or a buyer asks for CPA-prepared financial statements, we put your numbers together the way they expect to see them.
2,000+ Clients Served
Businesses and individuals alike trust us with their tax and accounting needs.
30+ Years of Experience
More than three decades of comprehensive tax and accounting solutions for individuals and businesses.
PA & NJ Focused
We serve clients throughout Pennsylvania and New Jersey, in person and remotely.
Compiled financial statements for loans, bonding and business sales
We prepare compiled financial statements for:
- Bank and SBA loans, including loans to buy a business. Lenders often ask for two years of statements plus the current year to date, and we prepare all of it together.
- Contractor bonding. Sureties look at your working capital, equity and jobs in progress, and compiled statements give them those numbers in a standard format.
- Buying property. A lender financing a building for your business will want the business's financial statements.
- Selling a business. Buyers and their lenders expect financial statements, and CPA-prepared ones make that conversation easier.
- Franchise and regulatory filings, such as the opening balance sheet a new franchisor needs for its disclosure document.
What you get with a compilation report
- A balance sheet and income statement prepared by CPAs, in the standard format lenders and sureties expect
- Our compilation report from a CPA firm enrolled in peer review, the quality review program for CPA firms
- Adjustments to your books, so the statements show what the business actually earned and owns
- Comparative years and interim statements when your lender wants them
A compilation takes less time and costs less than a review or an audit, which is why most small business lenders accept it.
Compilation vs. review vs. audit
Your lender or surety decides which one you need. A compilation presents your financial statements in a standard format. A review adds questions and analysis, and an audit adds testing and confirmations with outside parties, so each step costs more.
Most small business loans and many smaller bonding programs only need a compilation. If yours needs more, we'll tell you before we start.
How a compilation works
- Send us your profit and loss statement and balance sheet from QuickBooks, along with last year's tax return.
- We go through your books and propose any adjustments.
- We prepare your financial statements and our compilation report.
- You get a finished set of statements to send to your lender, surety or buyer.
If your books need work first, see QuickBooks setup and review. If you only need statements without our report, see financial statement preparation.
How much does a compilation cost?
Compiled financial statements start at $1,500* for one company.
*Prices shown are starting prices subject to change based on complexity
Frequently Asked Questions
It depends on whether we have prepared your statements before and whether you provide your own P&L and balance sheet.
Most small business lenders accept compilations. Larger loans or investor requirements may call for reviews or audits.
Both are financial statements a CPA prepares from your records. A compilation comes with our compilation report, which most lenders want. A preparation has no report and costs less, so it works when your lender doesn't need one.
We prepare financial statements and compilations. We don't currently do reviews or audits, so if your lender or surety needs one, we'll tell you before we start.
Have more questions? Contact us
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Office Location
600 Avenue A, Phillipsburg, NJ 08865
Phone
908-859-6530Office Hours
Monday–Friday, 8:30 AM – 4:30 PM
After-hours appointments available