Perrino & Associates has defined financial solutions to address the needs of all kinds of businesses, from small to large. We will keep your books organized, current, and allow you to focus your work on the thing that you need to do best, to lead and grow your business. We provide a full range of traditional accounting services to help you understand and monitor your business finances and to meet any audit or disclosure requirements you may have.

It’s the business language. Financial data gives you a common frame of reference for tracking performance, identifying challenges and opportunities, obtaining funding, and comparing results. It’s also the foundation for making well-informed decisions.

Financial data and the technologies that generate it are being scrutinized more than ever before. Even with technological advancements, it is becoming increasingly difficult to generate truly usable financial data.

Whether you’re a small business, a non-profit organization, a wealthy individual or family, or a corporation with hundreds of millions of dollars in assets, Perrino & Associates can help you provide accurate, fast, and valuable financial data. We can help you create and operate efficient, cost-effective accounting systems, provide guidance on generally accepted accounting principles and relevant controls, and teach your employees.

Our accounting services may also help with data entry and debugging, as well as a wide range of other accounting services.

If you use — or want to use — a cloud-based accounting system, we’re experienced with setting up and running QuickBooks systems, including QuickBooks Online.

An audit provides the highest level of assurance. An audit is a rigorous evaluation and objective assessment of financial accounts, which includes the verification of specific facts as decided by the auditor or as established by generally accepted accounting principles.

We test selected transactions and communicate with third parties as part of our work. We issue a report on whether the financial statements are accurately reported and free of substantial misstatements based on our findings.

You can use an audit to…

Ensure the trustworthiness of published information for stakeholders like employees, customers, suppliers, and lenders, as well as the investing community.
Observe banking covenants.

Streamline the process of buying and selling businesses.
Because we gather additional information outside of your firm, you will gain the highest level of assurance. Typically, we’ll communicate in writing with:

Customers to check outstanding receivable balances, banks to validate cash or debt levels and terms, vendors to verify outstanding payment balances, and attorneys to inquire about pending or threatened legal action.

We also conduct physical inspections and test counts by watching your inventory counting processes. Each operating cycle, including sales and cash receipts, expenses and cash disbursements, and payroll, is documented and tested. Our audit papers comprise a detailed work program, as well as the client’s supporting work papers, to document the examinations and testing done.

Audits aren’t just for government agencies.

An annual audit is required of all public firms, although certain nonpublic entities are also required to have one. Local governments, non-profit organizations, and other grant recipients fall into this category.

Furthermore, some financial institutions mandate audits of nonpublic enterprises based on the amount of financing and/or the bank’s risk assessment. Audits may also be ordered as a check on management teams by companies with absentee ownership (such as those held by investment firms or individuals who no longer run the business).