financial statement preparation and analysis

Looking for financial statement preparation accountants in Calgary? Finding someone who knows how to prepare income statement accounting for your business can be a nightmare. Financial statement preparation and analysis is highly technical and very demanding, and cannot be trusted to just anyone!

Avoid unqualified personal financial statement preparation “experts,” and get the best result for your business this season using the following 4 assessment tips the next time you need financial statement preparation accountants in Calgary.

• Assess your bottom-line business needs. When start looking at financial statement preparation accountants in Calgary, it’s easy to be distracted comparing costs, or to get lost in the technical tax jargon you find in their service page descriptions. The first and most important thing you should do before you settle on a financial statement preparation accountant is to pinpoint what your business needs from this interaction. Are you looking for credit card and bank reconciliation, monthly or year-end bookkeeping services, or accounts payable and receivable paperwork? You need to make sure the tax professional you turn to is right for the job, and in order to do that, you’ll need a crystal clear understanding of what that job is!
• Don’t compromise on finding a licensed candidate. There are different professional accountancy designations in Canada, each of which have different educational backgrounds. It’s important that the person who you trust with your business’ finances be certified according to national standards. Edison Wen is in good standing with the Chartered Professional Accountants of Alberta. All financial statements completed by our professional accountants in Calgary are up to date with Accounting Standards on Private enterprises (ASPE), International Financial Reporting Standards (IFRS), and tax rules.

• Get a feel for their accessibility. When you’re first starting out as a business owner, you’ll probably need to be in the ear of your financial statement preparation accountants in Calgary quite often. Business tax process can be very complicated, and you’ll want someone who is willing and able to walk you through the worst of it. This is especially true with the new tax stipulations being introduced by the federal government. Simply put, you need to look at their hours and get a feel for whether or not they suit your business. Some firms operate according to very strict hours, which can be problematic when you’re facing a tax crisis after 5PM!

• Look for someone who will keep you in the loop. Tax processes are complex, and they can look downright impenetrable from the outside looking in. Don’t settle for financial statement preparation accounts in Calgary who keep you in the dark – your tax professional should be a consultant, not just a number-cruncher! Edison Wen CPA, CGA believes in total transparency, and will be happy to answer any questions you may have about the process to increase your independence next tax season.  

Keeping these essential tax professional tips in mind will help you find the right financial preparation accountants in Calgary. To learn more about this service, or to book your free consultation with Edison Wen, CPA, CGA, you can call (403)-800-3303, or visit our monthly and year-end accounting services page now!