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Professional Financial Statement Compilation Services

Trusted Financial Statement Compilation That Gives Your Business Confidence & Credibility

While financial statement compilation doesn’t provide the extensive verification of an audit, our expert team ensures your financial data is organized with precision and integrity following proper accounting standards.

At Dimov Tax, we go beyond basic compilation to deliver financial statements you can confidently share with lenders, stakeholders, and decision-makers—providing you with a clear financial picture that meets regulatory requirements and business needs.

Our compilation services strike the perfect balance between affordability and reliability, giving you professional-grade financial documentation backed by our reputation for excellence and attention to detail.

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"Dimov Partners CPAs are knowledgeable, professional, reliable and excellent all around."

-Detelina Marinova

Benefits of Financial Statement Compilation

Financial statement compilation builds credibility with lenders

Build Credibility with Lenders and Stakeholders

When you need to secure financing or impress investors, professionally compiled financial statements speak volumes about your business practices.

Our meticulously prepared statements demonstrate your commitment to financial transparency and organization. You’ll present your business in the best possible light, increasing confidence among those who matter most to your growth and success.

Make Informed Business Decisions with Clarity

Stop guessing about your financial position or relying on incomplete data when making critical business decisions. Our compilation services transform your raw financial information into clear, structured statements that highlight important trends and potential issues.

You’ll gain immediate visibility into your business’s financial health, allowing you to identify opportunities, address challenges proactively, and chart a more strategic path forward.

Using financial statement compilation to make informed business decisions

Save Time and Resources While Meeting Requirements

Your time is better spent running your business, not struggling with complex financial reporting. Our efficient compilation process delivers professional-grade financial statements without the extensive costs and time commitment of a full audit.

You’ll satisfy requirements for lenders, partners, and regulatory bodies while maintaining focus on your core business activities—all with the peace of mind that comes from working with true financial professionals.

Your Personal and Business Accounting Team

George Dimov - Founding President of George Dimov CPA and Tax Specialists, an online CPA firm with the highest standards

George Dimov

President

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Stan Shraybman, MBA, EA

Senior Tax Manager

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Bob Liu, CPA

Senior Accountant

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Xintian Wang, CPA

Senior Tax Manager

What to Expect From Our
Financial Statement Compilation Services

Financial Ratio Analysis

We calculate key performance indicators that provide deeper insights into your financial health. These ratios help you benchmark against industry standards and identify areas for strategic improvement.

Balance Sheet Preparation

We meticulously compile your assets, liabilities, and equity to create a clear snapshot of your financial position. This critical document helps you understand your business's net worth at a specific point in time.

Statement of Changes in Equity

We document how your business's equity has changed during the financial period. This provides transparency on owner investments, distributions, and how profits or losses have affected your overall equity position.

Statement of Cash Flows Creation

We track the movement of money in and out of your business with precision and clarity. This crucial document helps you understand your liquidity position and cash management effectiveness.

Income Statement Development

Our team transforms your revenue and expense data into a comprehensive profit and loss statement. This reveals your business's financial performance over a specific period, highlighting profitability patterns and areas for improvement.

Financial Statement Notes and Disclosures

We develop appropriate footnotes and supplementary information to accompany your financial statements. These essential explanations provide context and additional details that help readers fully understand your financial picture.

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Get award-winning accounting services

Our team of experts transform your financial data into professionally compiled statements that provide clarity, credibility, and confidence. Whether for lending requirements, internal decision-making, or stakeholder reporting, our compilation services deliver accurate financial documentation that meets your needs while saving you time and resources.

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Common Questions on Financial Statement Compilation

Financial statement compilation is a service where accounting professionals assist in preparing financial statements without providing assurance on their accuracy. This is the most basic level of service CPAs offer related to financial statements, where we organize your financial information into standard formats that comply with accounting principles.

During a compilation, we arrange your data into proper financial statements, but we don’t verify the information or provide an opinion on its accuracy. Unlike audits or reviews, compilations don’t involve testing procedures or obtaining independent verification. This makes compilations an efficient, cost-effective option for businesses that need professional financial statements but don’t require the assurance levels of more extensive services.

Financial statement compilations are primarily used for internal management decisions and to meet basic third-party requirements like loan applications. They provide organized financial information in a professional format that helps business owners understand their financial position.

Compilations serve multiple purposes across different business scenarios. Lenders may accept compilations for smaller loans or existing credit relationships. Business owners often use compilations to track performance trends, make operational decisions, and plan for future growth. They’re also useful for satisfying partner or investor requests for financial information when formal assurance isn’t required. For smaller organizations or those with straightforward operations, compilations provide sufficient financial clarity without the additional cost of more comprehensive services.

Yes, a CPA must issue a compilation report to ensure compliance with professional standards. Only licensed CPAs have the authority to provide compilation services that adhere to the standards established by the American Institute of Certified Public Accountants  (AICPA).

The AICPA’s Statements on Standards for Accounting and Review Services (SSARS) specifically governs compilation engagements, requiring specialized knowledge and professional judgment. While non-CPAs can help prepare financial statements, they cannot issue the formal compilation report that states the statements were compiled in accordance with professional standards. This CPA requirement ensures quality control and professional oversight in the compilation process. At Dimov Tax, all our compilation services are performed by licensed CPAs who maintain the highest professional standards.

Financial statement compilation services typically range from $1,000 to $5,000, depending on your business size and complexity. This makes compilations significantly more affordable than reviews or audits while still providing professionally prepared financial statements.

Several factors influence the final cost of your compilation service. The organization of your accounting records plays a major role—businesses with well-maintained books require less preparation work. Industry-specific requirements can add complexity, as can the number of accounts and transactions that need processing. Additional requested schedules or supplementary information will also impact pricing. At Dimov Tax, we provide transparent, customized quotes based on your specific situation rather than one-size-fits-all pricing, ensuring you receive exactly the service level you need.

A compilation is a service level (preparing statements without verification), while consolidated financial statements combine multiple entities’ financials into a single report. These are different concepts that address separate financial reporting needs.

In a compilation engagement, we organize your existing financial data into proper statement format without testing or verification procedures. Consolidated financial statements, however, represent a specific type of financial report that combines parent and subsidiary companies’ financial information, eliminating intercompany transactions to show the overall economic entity. A parent company might request compilation services for consolidated statements, meaning we would help prepare the combined entity reports without providing assurance. The consolidation process requires specialized accounting knowledge to properly eliminate intercompany activities and present the group of companies as a single economic entity.

Combined financial statements should be used when you need to present multiple related entities under common control as a single economic unit. This approach is ideal when separate legal entities operate as a unified business group.

Combined statements differ from consolidated statements in that they aggregate entities that may not have a parent-subsidiary relationship but share common ownership or management. These statements are particularly valuable for family-owned business groups, real estate investors with multiple property LLCs, or professional service firms with various practice entities. Combined statements provide a comprehensive view of the entire business enterprise’s financial position and performance, helping owners make strategic decisions across their business portfolio. They can also strengthen loan applications by demonstrating the full financial strength of related entities rather than showing each component separately.