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Compilation

Create A Compelling Company Story

The compilation is the most basic form of attestation a CPA firm can provide for your financial statements. Compilations require less time than an audit or review because it maintains fewer requirements and has fewer components.

Compilations do not require a review of your transactional detail, only a high-level understanding of your company and operations. And with proper disclosure, you may omit certain items from the compilation financial statement package.

Although a compilation is the most basic of attestation services, it can be a powerful management tool when prepared properly.

In a compilation, the CPA does not provide an opinion on your financial statements, but creates them on behalf of management. Due to our comprehensive accounting knowledge, we provide the right information for you to tell a compelling company story–all while remaining in accordance with accounting principles and standards.

Forbush & Associate Compilations Include:

  • Obtaining a set of accounting records maintained by your company
  • Creating financial statements including the balance sheet, income statement and statement of cash flow in accordance with general accepted accounting principles
  • Preparing footnotes and disclosures from the underlying accounting records

To assure you the most accurate accounting knowledge and efficient practices, Forbush and Associates routinely undergoes peer review. We proudly maintain a history of successful reviews.

 Ken Gearhart
Ken Gearhart
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“Forbush and Associates has been our contract CFO and Controller since 2002. Being a general contractor, Forbush and Associates assisted us in each step of the way from one subdivision and 2 houses being built at one time to 6 subdivisions and more than 30 houses being built at the same time. Additionally, Forbush and Associates worked diligently in diversifying our client base in efforts to reduce the fluctuations of a residential construction market to our revenue streams. Due to Forbush and Associates assistance, we built other revenue sources and streams that provided us more than $10,000 per month in free cash flow while other contractors went out of business. Forbush and Associates has worked with us in seeing new opportunities in farther reaching communities and has begun to assist in rebuilding our Company after a rough three years including international operations. I would recommend Forbush and Associates to anyone whether it be a tax return preparation or full service business consulting and administration.”
Nancy Durano
Nancy Durano
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“Working with Forbush and Associates has given me peace of mind. I trust your advice because you have a reputation of integrity and honesty and working with Forbush’s team has helped me dramatically to improve communication with my lawyer…your team had the knowledge, experience, wisdom and my best interest at heart. There is no way to repay you for what you have done for me, but I think your team is wonderful and wanted you to know.”
Gary Harmon
Gary Harmon
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“Minuteman Press has used Forbush & Associates for the past four years and we are extremely happy with their strategic planning and tax consultation services. During this time, we have received over $30,000 in refunds from Federal & State taxes that we were not able to recover while using our previous tax preparation company.In addition, we have improved our cash flow and bottom line performance by more than $125,000 as a direct result of Forbush’s strategic planning advice. Who would have anticipated that a simple review of past tax returns could lead to these kind of results?I strongly urge any small business owner to have Forbush & Associates review your last 2-3 year’s tax returns. You won’t be sorry!”
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