An effective accounting system makes your business’s day-to-day financials run smoothly, and makes record keeping easy. After an assessment of your business Jones, Cochenour & Co. will develop a system that documents your transactions and creates reports and financials statements that provide you with the tracking your business needs.

Jones, Cochenour & Co. can provide you with:
• General ledger maintenance
• Check entry and bank reconciliations
• Personal and corporate tax returns
• Payroll write up and tracking
• Financial statements

Jones, Cochenour & Co. can function as the controller for your business without the employee benefits that your business would pay for a full time bookkeeper/accountant. In today’s environment having an experienced bookkeeper/accountant on staff is a must. This type of arrangement also strengthens the internal controls for any business.

Financial statements can be addressed at one of three levels. For the highest level of assurance and reliability Jones, Cochenour & Co. will perform an audit. Our staff is equipped to provide physical inspections, third party confirmations, transaction testing and other tests that may also pinpoint problem areas.

The reasonableness of financial statements is tested in the review process. With its analytical procedures and basic inquiries, a review is useful when an audited financial statement is not required.

While assurance of the statements is not tested in a compilation, a compilation of financial statements may be very helpful for other purposes. Business’s without an internal accounting function may require monthly or quarterly compilations of financials.

Jones, Cochenour & Co. also performs agreed upon procedures if a business owner is interested in having an independent person review specific financial elements to determine their accuracy and functionality.

Examples of agreed upon procedure engagements include:
• Review of internal controls within an organization
• Apply procedures to accounts receivable, inventory, accounts payable, etc.
• Analyze cash problems
• Examine gross sales