ebotCPA — The Entrepreneur's CPA

    Financial statements prepared under U.S. accounting rules

    We prepare financial statements under generally accepted accounting principles (GAAP), the U.S. accounting rules. We agree on the statements and disclosures needed for your lenders, investors or contracts.

    How it works

    1. 1

      Review the reporting requirements

      We review your records and the requirements from lenders, investors or contracts. We agree on the scope and schedule.

    2. 2

      Prepare the statements and notes

      We classify account balances, address accounting questions and prepare the agreed statements. We document the accounting policies and supporting disclosures.

    3. 3

      Discuss the reporting package

      We review the statements and open questions with management on the agreed schedule. Any audit, review or compilation report is handled by the separately registered CPA firm.

    Which sounds like you?

    Your bank needs financial statements

    We review the reporting requirements for your loan or credit application.

    Investors request audited or reviewed statements

    We clarify the requested reporting level and the separate CPA firm's role.

    You are preparing to sell or buy a business

    We prepare the agreed financial information for the transaction.

    Your contracts require GAAP reporting

    We review the required statements and disclosures against your records.

    What we do

    All financial reporting servicesAudit and assurance services

    Report responsibility

    Audit, review and compilation reports are issued by Ebotagborndang Mbi, PLLC, a separately registered CPA firm.

    The four financial statements

    The statement package shows what the business owns and owes, how it performed and how cash and ownership balances changed. • Prepare the balance sheet, showing assets, debts and owners' balances at a date. • Prepare the income statement, showing revenue, expenses and profit for the period. • Prepare the cash flow statement, separating operating, investing and financing cash movements. • Prepare the statement of changes in equity, showing contributions, distributions and accumulated results. • Classify account balances and separate noncash transactions and nonoperating items. You receive the agreed statements and supporting account schedules.

    Notes and accounting policies

    Notes explain the accounting choices and transactions behind the statement totals for readers who need more detail. • Document the accounting policies used in preparing the statements. • Review revenue treatment under ASC 606, the customer contract revenue standard. • Explain changes in owners' balances and other required disclosures. • Review presentation and questions about the business's ability to continue operating. You receive the agreed financial statement notes and a list of unresolved reporting questions.

    What is included

    The agreed scope identifies the statement package and whether a separate CPA firm engagement is needed. • Compilation presents management's information without providing assurance. • Review uses inquiries and analytical procedures to provide limited assurance. • Audit uses independent procedures, including substantive testing of balances and transactions, to provide reasonable assurance rather than a guarantee. • Confirm the four statements, notes and any report required by the intended users. • Agree on management's record handoffs and the reporting schedule. You receive the agreed statement package and, where separately engaged, the applicable CPA firm's compilation report, review report or audit opinion.

    Client perspective

    Proof from Google reviews

    5.0 average · 105 Google reviews · ebotCPA, Irving, TX

    Read all reviews

    “Extremely professional and detail oriented. An experience with ebotCPA is a feel of professionalism, expertise and trustworthiness. No where else for my accounting solutions. Simply the best.”

    Dorcas EyongFull-Service CPA · Google

    “There are many professionals who do taxes and bookkeeping. But there are very very few professionals who look after you like you would look after yourself. ebotCPA is that rare professional.”

    Rose HansLong-Term Client · Google

    Published pricing

    These are the current published fees from our service catalog. We confirm final scope and any quoted add-ons in writing before work starts.

    Engagement scope

    A written scope and fee are confirmed before work begins.

    Scoped to your needs

    Common questions

    What happens before gaap financial statements work begins?

    We discuss your goals and records, confirm the engagement scope and fee in writing, and identify deadlines before substantive work starts.

    How do you determine the fee?

    Current catalog amounts and quote terms are listed in Published pricing above. We confirm the agreed work, responsibilities, and any quoted scope in writing before engagement.

    What records should I prepare?

    The records depend on your situation. We provide a focused request list after confirming the work and reporting period.

    Authority and standards
    • ASC 105 · Generally Accepted Accounting PrinciplesGAAP hierarchy and authoritative guidance sources
    • ASC 205 · Presentation of Financial StatementsGeneral presentation requirements and going concern
    • ASC 210 · Balance SheetClassification, ordering, and offsetting requirements
    • ASC 220 · Income Statement — Reporting Comprehensive IncomeIncome statement and OCI presentation requirements
    • ASC 230 · Statement of Cash FlowsCash flow classification and presentation
    • ASC 235 · Notes to Financial StatementsDisclosure of accounting policies

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