Understanding your financials
When providing financial statements to banks, agencies, and third parties, companies want to put their best foot forward, avoiding embarrassing and public mistakes in financial reports. Controllers are experienced accountants and experts in compliance and historical recordkeeping.
We provide Controller services supporting clients to ensure the month-end close process runs smoothly, financial reports are delivered on time, balance sheet accounts are reconciled, and accrual entries are posted accurately. Our Controller partner with clients to provide oversight, and guidance. We provide the comfort and confidence of having an expert on your team, so you can sleep at night.
GAAP Compliance
GAAP compliance can slip under the radar of business owners before financial statement audits are required. It is a vital part of providing quality financial statements to banks and other organizations. We work with clients to adopt common GAAP standards for quality financial statement preparation.
Accruals
In order to comply with GAAP, adjustments for revenue that have been earned and expenses that have been incurred, yet not recorded in the general ledger, must be calculated and recorded. These accruals are made via adjusting journal entries at the end of each accounting period, so the reported financial statements are inclusive of these amounts.
Month-End Close
Monthly review, reconciliation, adjustments, and finalizing of account balances. We perform a series of scripted steps to review, record, and finalize account information in preparation for issuing financial statements. This ensures accounting data is organized, accurate, and all transactions for the monthly period are captured.
Accounting Systems
Have you outgrown your current accounting system? Manual workarounds are time-consuming and insufficient for management decision making. We help define requirements, evaluate available system options, and make the best choice. With deep expertise in a number of systems, we quickly understand and outline the benefits of each option. The best solution meets business needs now and for the future without overcomplicating processes or overspending.
Post selection. We support clients throughout new system implementations by providing project management, system testing, additional staffing, and configuration services.
Financial Reports
We provide relevant financial reporting to include the basic three financial reports: Balance Sheet, Income Statement, and Cash Flow Statement. Metrics and customized reporting are also provided to highlight the information most important to each of our clients.
Covenants
A loan covenant is a condition in a commercial loan or bond issue that requires the borrower to fulfill certain stipulations and meet ratio requirements. A loan covenant may also forbid the borrower from undertaking certain actions, like taking cash distributions unless conditions are met. We help calculate, track, and report loan covenant information and ratios to our clients and their banks.
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What Our Clients Say About Us
"This firm is terrific, I have worked with Jennifer Eubanks several times, and her firm provides first-class accounting support at very reasonable rates."
Jeff Weaver
The CPA Department provides meaningful and actionable expertise related to preparing for DCAA audits, prepares winning pricing proposals, and provides overall strategies for small government contracting businesses to succeed.
Hung Nguyen
"Jennifer is a trusted accountant and adviser. Her work ethics is second only to her expertise. Jennifer’s sense of resolve is perhaps the most telling… meticulous, persistent, and assertive comes quickly to mind. CPA Department has my highest recommendation."
Masrur Hossain
"Very knowledgeable and helpful team. Work was done expediently. I will continue to use them and highly recommend them."
Robin Benjamin
"Two years ago, my CPA retired and suggested I go to Jennifer Eubanks. I have been delighted with her work! I highly recommend Eubanks & Company."
Susyn Kelly
"My firm started using EuCo from day one. I can attest that they have reduced the risk of many pitfalls we faced during our first few years. They continuously provide executable solutions to ensure our books and processes are inline and compliant. All this expertise at reasonable costs and great customer service."
Anne Armstrong
"Eubanks & Company helped me out of a very sticky tax problem created by the neglect of a former accounting firm. I have nothing but the highest praise for this firm and the people working there. My ongoing experience is just as positive."
Shane Miller
"Great, personal service - a trusted partner"
Craig Rhinehart
"We could not be more pleased with the service we have received from Eubanks & Co. It is our one-stop shop for all of our financial business needs. Jennifer leads her team to provide ethical and timely financial and regulatory compliance guidance for our government focused practice and we have recommended her firm widely. Thank you for all that you do! Your dedication to helping us remain compliant, set and meet our goals, and scale for growth is directly correlated with our continued success."
Gow Food
"Jennifer is a trusted accountant and adviser. Her work ethics is second only to her expertise. Jennifer’s sense of resolve is perhaps the most telling… meticulous, persistent, and assertive comes quickly to mind. Eubanks & Company has my highest recommendation."
Stephen Davey
"Have really enjoyed working with The CPA Department for the past several years. They have a great team that delivers professional and efficient service. Whether it be government contracting, day to day accounting needs, tax prep, or tax planning, they can handle your every need. We have already started leveraging their tax expertise with the new tax law changes. I highly recommend this CPA firm."
Nemanja Rozgic
"We're extremely happy with the DCAA oriented consulting we're received, as well as the excellent service on general accounts issues. Our FAR and DCAA issues were more than we wanted to tackle alone and a significant part of our business. Jennifer and her team helped us through these hurdles and we couldn't be more pleased."
Brett Bender
"Would highly recommend The CPA Department for business consulting, accounting and tax preparation needs. Jennifer and staff are very knowledgeable and go out of their way to help clients with their needs. You won't be disappointed."
Jon Prescott
