Year-End Audit Assistance

Streamline Your Year-End Financial Closing with R&H Financial Consultants

Closing out the fiscal year is a critical process that sets the stage for financial reporting and the preparation of the annual financial audit. At R&H Financial Consulting Services, we assist in providing comprehensive Fiscal Year-End Closing Procedures to ensure that your financial statements are accurately prepared, reconciled, and ready for the independent auditor. Our professional services are designed to facilitate a smooth year-end closing process, helping you meet your financial reporting obligations with confidence.

Ensure Accuracy and Compliance with Professional  Year-End Closing Services

The preparation of year-end financial statements is a complex task that requires meticulous attention to detail and a thorough understanding of accounting principles. Our services are geared towards ensuring that your financial statements, prepared on an accrual or modified accrual basis, accurately reflect your organization’s financial position. Here’s how we can support you:

Our Comprehensive Fiscal Year-End Closing Services

1. Reconciliation of Bank Statements and Investment Accounts

Accurate reconciliation of bank statements and investment accounts is essential for maintaining the integrity of your financial records. Our team will meticulously reconcile your bank statements to the general ledger, ensuring that all transactions are accurately recorded. Additionally, we conduct a thorough analysis of your investment accounts, reconciling them to the general ledger to confirm the accuracy of your financial data. This step is crucial for identifying and resolving discrepancies and ensuring the reliability of your financial statements.

2. Analysis of Accounting Transactions

To ensure that financial reports are accurate and complete, a detailed analysis of accounting transactions is required. Our staff will analyze relevant transactions to reconcile financial reports and verify that general ledger postings are correct. This process involves reviewing journal entries, verifying account balances, and ensuring that transactions are properly classified and recorded. By conducting a thorough analysis, we help ensure that your financial statements are prepared in accordance with governmental accounting standards Board (GASB) and other accounting requirements..

3. Preparation of Year-End Audit Schedules

Preparing year-end audit schedules is a key component of the financial closing process. We assist your staff in preparing comprehensive audit schedules, including lead schedules for accounts receivable, accrued accounts payable and payroll, fixed assets, debt service, compensated absences, leases, and other necessary schedules. Our goal is to provide detailed and organized schedules that facilitate a smooth and efficient audit process. We work closely with your staff to ensure that required schedules are completed accurately and on time.

4. Additional Services as Requested

We understand that each organization’s needs may vary, and additional services may be required during the year-end closing process. Our team is flexible and responsive, providing any additional support or services requested by your staff or auditor. Whether it’s addressing specific audit queries, providing supplementary documentation, or assisting with additional reconciliations, we are committed to meeting your needs and ensuring a successful year-end closing.

Why Choose R&H Financial Consultants?

Expertise and Experience: Our team of financial consultants bring extensive experience in year-end closing procedures, ensuring that your financial statements are prepared in compliance with accounting standards.

Attention to Detail: We prioritize accuracy and thoroughness in our services, ensuring that your year-end financial closing is handled professionally with careful planning.

Comprehensive Support: From reconciliation to audit schedule preparation, we provide a full range of services to support a smooth year-end closing process.

Commitment to Excellence: We are dedicated to delivering high-quality services that exceed your expectations and contribute to your organization’s financial success.

Tailored Solutions: Our services are customized to meet the unique needs of your organization, ensuring that we address relevant aspects of your year-end closing process.

Partner with Us for a Successful Year-End Closing

R&H Financial Consultants are dedicated to helping your organization achieve a smooth year-end financial closing. Our staff ensures that your financial statements are prepared in accordance with Government Accounting Standards Board (GASB) and other accounting requirements. 

For more information on how our Fiscal Year-End Closing Procedures can benefit your organization, please contact us today. Let R&H Financial Consultants be your trusted partner in achieving professional year-end audit assistance.