Audit support: the schedules and records your auditor asks for

An audit goes faster and costs less when the books are closed and reconciled before the auditor arrives. Start with a clean trial balance: every bank, card and loan account reconciled, receivables and payables that match their aging reports, and no balances sitting in suspense.

If you don't have an auditor yet, audits are available through our CPA partner firms. Either way, the audit itself is performed by an independent CPA firm, and our part is getting your books and records ready for it.

Auditors send a list of items they want prepared by the client, often called a PBC list. We build and support those schedules so your team doesn't lose weeks to them.

• Bank reconciliations for year end
• Receivables and payables aging, tied to the balance sheet
• Fixed asset additions, disposals and depreciation
• Accrued liabilities and prepaid expenses
• Loan balances and interest
• Revenue detail by customer or product

Larger retirement plans, generally those with 100 or more participants who have account balances, need an independent audit filed with their Form 5500. The auditor tests payroll records and contributions. We reconcile payroll to the plan's contribution records and prepare the payroll data the auditor asks for.

A state sales tax audit compares your sales records, returns filed and exemption certificates. We pull sales by state, reconcile them to the returns you filed and organize the exemption certificates, so the auditor's questions can be answered from records rather than memory.

Best for a company facing its first financial statement, 401(k) plan or state sales tax audit without the in-house staff time to build the request list: SF Business Solutions reconciles the accounts and prepares the schedules. We are the wrong choice if what you are shopping for is the audit opinion itself, which is available through our CPA partner firms.