Navigating a financial audit doesn’t have to be stressful. At Mission Financials, we make the process smooth and efficient with our comprehensive Audit Support Package. Our goal is to ensure your fiscal year audit is handled seamlessly, leaving you free to focus on your organization’s priorities.
Here’s what’s included in our Audit Support Package:
Accrual Accuracy Reviews
We conduct high-level reviews of accrual items such as payroll, accounts payable and receivable, prepaid expenses, deferred revenue, and prepare necessary adjusting journal entries to ensure accuracy
Balance Sheet Support: We prepare or compile detailed supporting schedules for each balance sheet account, including initial year and beginning balances.
Payroll Reconciliation
We reconcile payroll expenses with Form 941 as needed, providing clarity and precision.
Audit Preparation Assistance
Our team compiles a list of supporting documentation most likely required for audit testing, helping you stay ahead. (Please note, auditors may request additional items during the audit.)
Direct Auditor Communication
We facilitate direct communication with auditors, ensuring smooth collaboration and timely responses.
Customized Audit Support
We’re here to assist with any additional audit-related requests to ensure a successful audit process.
Comprehensive Entry Services
We ensure all financial activity not automatically entered by expense management tools is meticulously ecorded, with coding guidance tailored to your departments and grantors
Accurate Ledger Reviews
Your General Ledger will be reviewed thoroughly to confirm proper coding based on activity descriptions.
Monthly Reconciliations
From bank and credit card reconciliations to all other balance sheet items, we keep your accounts balanced and up to date.
Detailed Financial Reporting
Each month, we deliver clear, actionable reports, including: Statement of Financial Position (Balance Sheet) Budget Actual Statement of Cash Flow Projections Restricted Net Asset Schedules Custom reports tailored to meet the needs of your management or board
With Mission Financials by your side, you gain more than just financial services—you gain a dedicated partner committed to helping your organization thrive
Allow us to develop a template tailor made for your team to streamline the zero-based budgeting process. We are happy to provide our clients with Budget Development assistance for their fiscal year,
which includes the following
Meet with Management to gain an understanding of what their internal process is for budget development
Creation of a budget template in line with the organization’s chart of accounts and class structure that they can use to build their budget for fiscal year 2023.
once completed by COPE’s team, with the help of WFC, and approved by the Board, WFC will enter the budget into QuickBooks Online. WFC will also assist with a template for a mid-year budget revision, if desired
Fiscal Consulting
Let’s chat. What are your pain points? What’s working well for you that you want to build upon? Are you curious about best practices as it relates to accounting and finance? Let us offer some guidance to you and your team.
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