Compilation Services: GKM

The common challenge faced by most accounting firms is a lack of time to spend on strategic planning activities for small and medium-sized clients.

With GKM as your partner, compiling and analyzing accurate financial information for clients is no longer a challenge.  Creating financial statements, managing accounts receivables, and payables, account reconciliations, input & maintenance of general ledger entries.

GKM’s write-up support in addition to the bookkeeping services helps improve the service offerings of accounting firms to their clients.

Audits, reviews, and compilation are varying levels of assurance provided to businesses worldwide. An audit involves exhaustive verification, and a CPA providing his / her opinion on the financial statements. A review consists of limited verification procedures, and a CPA’s involvement is not required. Compilations are performed to pull together financial data and format them into a well-structured set of financial statements. The compilation is thus presenting of information and expresses no assurance or opinion on the statements. Accounting compilation services may be provided on a monthly, quarterly, or annual basis depending upon the client’s business needs.