Services

Accounting

Accounting services include almost anything to do with keeping your books – from setting up an accounting system to performing a compilation of your financial records. Our accounting services include bookkeeping (maintaining ledger accounts and recording transactions from your checkbook, cash register tapes, and other supporting documents); financial statement write-ups (preparation of monthly financial statements to track your financial position, profits and cash flow); and payroll processing (computing gross pay, calculating necessary tax withholdings, printing payroll checks and preparing a complete payroll register). Our services also include:

• Compilations or reviews of financial statements

• Budgeting and cash flow projections

• Development of accounting manuals and procedures

• Design, selection and implementation of accounting systems

• Outsourcing of accounting functions

• Consultation with internal accounting personnel

• Evaluation of internal controls

Asset Management Services

We develop customized financial solutions for your long- or short-term personal and business goals, and protect your interests by planning and managing your finances to keep pace with your needs.

Audit and Assurance Services

Many corporate managers fear audits, but we view them as a basic “check up” of financial systems and records – a survey that enables us to compile an Audit Report – our written opinion of your financial statements and the adequacy of your footnote disclosures. Our specialists can also show you the way to better performance via industry-specific assurance service, with end-to-end solutions that reduce costs, increase revenue and improve technologies and strategic financial management. TCBA Watson Rice LLP’s network of diversified professionals will assist with all aspects of business planning, from financing and technology to inventory, supply, transportation and manpower, and including long-range planning, security, data processing, computer systems, productivity and controls. Among the services TCBA Watson Rice LLP offers are:

• Audit and Review: The precision of our audits can help you attract the capital necessary to upgrade or expand, and our evaluation of your internal controls, business operations and computer systems can build profits and strengthen your financial position. For non-profit businesses and governmental agencies, our compliance audits often spell the difference between continued funding and budget cuts.

• Forensic Accounting: The global expansion in computer technology and telecommunications exposes businesses to unprecedented risk from theft, fraud and other threats. TCBA Watson Rice LLP’s forensic accounting practice thoroughly investigates a company’s internal operations, including direct reviews of suspected illegality. Our in-depth analysis of cash management and expenditures helps us pinpoint current and potential trouble spots before mismanagement occurs.

• Employee Benefit Plans: Pension plans today generate more than $1.6 trillion in assets, and their complexities place heavy burdens on administrators trying to keep up. TCBA Watson Rice LLP has a team of specialists on staff to keep you advised of economic, regulatory and legislative developments and enforcement methods as they occur. They will also monitor your compliance with ERISA, DOL, IRS, FASB, GASB, and SEC to prevent costly “surprises.”