BHT&D Certified Public Accountants Blog

What Can I Do While My Accountant Has My QuickBooks Accountant’s Copy?

Posted by Beth Thomas on Mon, Jan 11, 2016 @ 08:00 AM

One benefit of using QuickBooks to manage your company records, is the Accountant's Copy tool.

You can continue to work in your QuickBooks file while your accountant is working with the Accountant’s Copy.

Read More

Tags: Financial Statement, Small Business Accounting, QuickBooks Tips

Why Would My Business Need An Audited Financial Statement?

Posted by Daniel Crawford on Mon, Feb 23, 2015 @ 09:22 AM

Audited Financial Statements are the highest level of assurance service offered by a CPA and are used in specific situations, usually for larger clients.

Read More

Tags: Financial Statement, Audited Financial Statement

My Bank Requested A Reviewed Financial Statement. Why?

Posted by Daniel Crawford on Mon, Feb 16, 2015 @ 09:18 AM

Why is my bank requesting a Reviewed Financial Statement in place of the Compiled Financial Statement requested in the past?

Read More

Tags: Compiled Financial Statement, Financial Statement, Reviewed Financial Statement, Audit, Small Business Accounting, Assurance

How Can An Absentee Owner or Board Member Improve Internal Controls?

Posted by Steven Thompson on Mon, Feb 09, 2015 @ 09:13 AM

Are you an absentee owner of a business, an owner not directly involved in the “books” of the business, a board member of a small volunteer agency, a church, or a small government agency?

Read More

Tags: Financial Statement, Internal Controls, Small Business Accounting

My Bank Requested A Compiled Financial Statement. Why?

Posted by Daniel Crawford on Mon, Feb 02, 2015 @ 09:00 AM

"Why would my bank request a "Compiled Financial Statement" versus my internally prepared QuickBooks reports?"  We are asked this question often by small business owners.

Read More

Tags: Compiled Financial Statement, Financial Statement, Small Business Accounting, Assurance