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Accounting & Bookkeeping
Well-organized and adjusted financial records allow you to manage your business effectively and make necessary tax and business planning easier. Hendrix Barney & Co. provides a full range of accounting services, including the following:
- Accounting system setup
- General ledger & financial statement preparation
- Bookkeeping (monthly/quarterly/annually)
- Quickbooks & Peachtree accounting support
- Preparation of 1099s and W-2s
- Tax preparation (Sales & Use/Business Personal Property)
No matter your industry, we can customize our Accounting & Bookkeeping Services to meet your needs.
In addition to assistance with day-to-day accounting and bookkeeping, we also offer assurance services. Assurance services, as defined by the AICPA Special Committee on Assurance Services, are “independent professional services that improve the quality of information, or its context, for decision-makers.” The following outlines a few of the assurance services available at Hendrix Barney & Co.
Agreed Upon Procedures
Unlike an audit, which is very involved, an agreed-upon procedures engagement gets to the heart of what is important to an outsider. If you need assistance with documenting the validity of specific information or accounts in your system, this type of service will only perform steps to look at these specific areas.
Your bank may wish to have us test count and price test your inventory, for example, to gain more confidence in its accuracy. This type of engagement may also benefit the sale of a business. We can help you design the tests that suit your needs.
Compilations
While not a traditional assurance service, a compilation will assist you in organizing your financial data into understandable and meaningful financial statements that will help you analyze your business results. These statements may also satisfy various reporting requirements from lenders and tax authorities.
Reviews
A review is a higher-level service than a compilation and includes additional work to analyze your data and determine if your statements are in compliance with Generally Accepted Accounting Principles (GAAP).
We offer personalized tax and accounting services tailored to fit you, your business, and your financial goals.