Financial Compilation Services – Clear, Organized, and Professional
At Smith Marion, we help businesses and organizations present financial data in a structured and professional format. Our compilation services provide clear, easy-to-read financial statements without the complexity or cost of an audit or review. Whether you need financial statements for internal management, investors, or regulatory reporting, we compile your data accurately to help you make informed decisions.
What is a Financial Compilation?
A financial compilation involves gathering your financial data and presenting it in the form of financial statements. Unlike an audit or review, a compilation does not provide assurance on the accuracy of financial statements but ensures they are formatted and organized correctly based on the chosen accounting basis.
A compilation is ideal for businesses that do not need assurance but require structured and professionally prepared financial reports for stakeholders.
Why Choose Smith Marion?
Our specialized knowledge allows us to provide targeted insights for:
Nonprofits – We understand the complexities of nonprofit financial reporting, including grant reporting, donor restrictions, and fund accounting.
However, our services are not limited to these industries. Whether you’re in Professional Associations, California Special Districts & Joint Powers Authorities, Homeowners Associations (HOAs), and Construction Companies. No matter your industry, our compilation services result in clear, professionally formatted financial statements.
What to Expect
- We compile your financial data into professional, easy-to-read statements.
- We format your financial statements according to GAAP, cash basis, or another applicable framework.
- We do not provide assurance on financial accuracy (compilations do not include verification or analysis).
- We do not ensure compliance with laws or regulatory requirements but help you present your financials in an organized format.
- Need help organizing your financial records? We can assist with financial organization before compilation—though this may affect our independence status in reporting.
Our Process
- Consultation – We discuss your financial compilation needs and accounting framework.
- Compilation Process – We compile your financial data into properly formatted statements.
- Final Report – You receive a structured, professional compilation report for your internal or external stakeholders.
Is a Compilation Right for You?
A financial compilation is a great solution if you need professionally prepared financial statements but do not require the level of assurance provided by a review or audit. If you’re unsure whether a compilation fits your needs, contact us today to discuss your options.
