Month End Close and Financial Statements in Orange County, CA
Full month end close processes and GAAP compliant financial statements delivered on time.
A reliable month end close process is essential for understanding your business performance and making informed decisions. For businesses in Newport Beach and Orange County, having accurate financial statements delivered on a predictable schedule provides the visibility needed to manage cash flow, evaluate profitability, and plan for growth.
Many growing companies struggle with delayed or incomplete month end closes. Reconciliations drag on, adjustments pile up, and financial statements arrive weeks after the month ends. Our month end close and financial statement services bring structure and discipline to your close process, delivering accurate GAAP compliant financials on a timeline you can count on.
What Our Month End Close Services Include
We provide comprehensive month end close management that delivers accurate, timely financial statements every month.
- Complete account reconciliation for all balance sheet accounts
- Revenue recognition review and adjustment entries
- Expense accruals and prepaid amortization
- Inventory and cost of goods sold analysis where applicable
- Intercompany eliminations for multi entity organizations
- Journal entry preparation with supporting documentation
- Financial statement preparation in GAAP compliant format
- Variance analysis comparing actual results to budget and prior periods
- Management discussion and analysis of key trends
- Close checklist and timeline management
Our Month End Close Process
We follow a structured close calendar to ensure consistent results and timely delivery.
Pre Close Preparation
Before month end, we ensure all recurring entries are scheduled, review outstanding items from previous months, and coordinate with your team on any unusual transactions or events that need to be captured.
Transaction Processing Cutoff
We establish clear cutoff procedures to ensure all transactions are recorded in the correct period. This includes coordinating with operations to capture accruals for services received and revenue earned.
Reconciliation and Adjustments
Our team completes reconciliations for all balance sheet accounts, identifies and researches discrepancies, and prepares necessary adjusting entries with full documentation.
Financial Statement Preparation
With books reconciled and adjusted, we prepare your financial statements including balance sheet, income statement, and cash flow statement. We include variance analysis and commentary on significant items.
Businesses That Benefit From Professional Close Services
Our month end close services help businesses of all sizes achieve more reliable financial reporting.
Companies With Multiple Entities
Managing the close across multiple entities requires coordination and consistency. We ensure each entity closes properly and consolidation entries are accurate.
Businesses With Complex Revenue
Companies with subscription revenue, long term contracts, or milestone based billing need careful attention to revenue recognition. We ensure your revenue is recognized correctly under applicable standards.
Private Equity Portfolio Companies
PE backed companies typically face strict reporting deadlines and expectations for financial accuracy. Our disciplined close process meets these requirements.
Companies Preparing for Audit or Sale
Clean, well documented closes make audits easier and support higher valuations in M and A transactions. We prepare your financials to withstand scrutiny.
Why Choose Our Month End Close Services
Reliable financial statements start with a disciplined close process. Our approach combines experienced professionals, proven procedures, and clear communication to deliver results you can trust.
We understand that financial statements serve multiple audiences, from management making daily decisions to boards evaluating strategy to lenders monitoring covenant compliance. We prepare financials that meet all these needs while maintaining efficiency in the close process.
Factors Affecting Month End Close Pricing
Close service pricing reflects the complexity and effort required for your specific situation.
Number of Entities
Each entity requires its own close process plus consolidation work. Multi entity organizations have higher close costs than single entity businesses.
Transaction Complexity
Complex revenue recognition, multiple product lines, or sophisticated cost accounting increase the time required for accurate close.
Reporting Requirements
More detailed reporting packages, segment reporting, or specialized analysis add to the scope of monthly deliverables.
Timeline Requirements
Faster close timelines require more intensive effort and coordination. We can meet aggressive deadlines with appropriate planning.
Service Area Coverage
We provide month end close and financial statement services to businesses throughout Orange County, including Newport Beach, Irvine, Costa Mesa, Huntington Beach, and the greater Southern California region.
Frequently Asked Questions About Month End Close and Financial Statements
Most of our clients receive complete financial statements within ten to fifteen business days after month end. With process improvements and proper preparation, many can achieve a five to seven day close. We work with you to establish a timeline that meets your needs.
Our standard package includes balance sheet, income statement, and cash flow statement. We also provide budget variance analysis, trend reporting, and management commentary on significant items. The package can be customized to meet your specific reporting needs.
We apply ASC 606 revenue recognition standards appropriate to your business model. Whether you have simple transaction revenue, subscription models, or complex long term contracts, we ensure revenue is recognized correctly and consistently.
Yes, process improvement is often part of our engagement. We assess your current close procedures, identify bottlenecks and inefficiencies, and implement improvements that reduce close time while improving accuracy.
Absolutely. We can prepare board packages and investor reporting materials based on the monthly financials. This includes formatting, presentation preparation, and supporting analysis as needed.
We maintain thorough documentation and controls to minimize errors. When adjustments are needed, we follow proper procedures for prior period corrections and ensure all stakeholders understand the impact. Transparency is essential in these situations.
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