Gathering Your Financial Information
When preparing your financial information for our review and analysis, more is usually better. The more information we have, the more questions we can ask about that information. Toward that end, here are some guidelines to help you provide the information that we need.
Financial Statements
If you use QuickBooks Desktop, the best option is to provide us with a backup of your data file.
If you use QuickBooks Desktop in a hosted environment, such as Right Networks, you can provide the remote desktop login credentials and create a user profile for us in Quickbooks.
If you use Quickbooks Online, you can provide accountant access to jbrannon@axiomstrategic.com
If you use software other than QuickBooks you can provide login credentials to us. At this stage of our engagement, we simply need permissions to run the full reporting suite. We will not be examining individual transaction screens or changing entries.
If you prefer to provide the information we need without granting access to your accounting system, please adhere to the following guidelines:
Provide full balance sheet and income statements by month for at least 60 months (more is better).
Provide revenue and gross profit information for divisions, stores, departments, etc. over the same time period in the same monthly format.
Provide all information in one Microsoft Excel file organized under different worksheet tabs.
The video to the right illustrates how to provide the information in this structure.
Tax Returns
Provide the five most recently filed tax returns in PDF format.
If the business operation includes holding companies or companies with related ownership that do business with one another (e.g. a separate LLC that owns the building and rents it to the operating entity), please provide returns for those entities as well, for the same time period.
To the extent the entity files tax returns in other states, simply provide a list of the state jurisdictions where the entity files income and/or franchise tax returns.
