At Parkison & Hinton, Inc., P.C., we focus on building close client relationships that add long-term value. This includes assuring the completeness of financial records, evaluating financial procedures and working to produce strategies that help our clients face the many challenges of business planning and execution. We provide objective analysis to assist our clients in controlling costs, increasing efficiency, and improving the quality and content of business information.
Audits, Reviews, and Compilation
Parkison & Hinton, Inc., P.C.'s financial statement services comprise all three levels of assurance depending on your company's needs.
Audits offer the highest level of assurance to third parties, and include in-depth examination and confirmation of account balances, inventories, and selected transactions. We perform audits for you to remove errors, ascertaining the validity and reliability of your information.
Reviews provide limited assurance to outside interests and involve inquiries and analytical procedures that confirm financial statement matters and identify any items requiring further analysis. We perform reviews to ensure the integrity of your data.
Compilations are usually requested for internal purposes and are based upon information provided by a company's management. They do not offer assurance but may involve some adjustment to accounting records.
Bookkeeping & Payroll Compliance
Many small businesses and not-for-profit entities do not have the resources to establish an accounting department to summarize results of business activities. The bookkeeping services we provide include recording business transactions, general ledger maintenance, bank account reconciliation, payroll reporting to the various governmental agencies, and financial statement preparation. We can tailor these services to meet your needs and provide them on a monthly, quarterly or annual basis.
Cash Flow and Budgeting Analysis
Good cash management can improve a company's liquidity, reduce costs, and increase profitability. Parkison & Hinton, Inc., P.C. can help you maintain optimal cash flow levels by tracking sources and uses, forecasting, and budgeting accordingly. To a business entity, cash flow is something that can make or break the business' ability to survive. We can help you analyze your spending, re-balance your budget and/or debts for an optimal cash flow to support your business' success. With our help and guidance, you will always be on top of your finances and ready for the future.
Financial Projections and Forecasts
No one can predict the future perfectly, but we can all benefit from planning for it. Parkison & Hinton, Inc., P.C. combines expertise and experience with a gained understanding of your business to produce financial projections that can help you manage your business plan and spending. Forecasting for the future is imperative to your company's success. Depending on your needs, our work can range from top-level reports to detailed financial models.