Get accurate financial reporting outsourcing services
Cost Accounting
Inventory Accounting
Reconciliation Reporting
Financial Planning & Analysis
Cashflow Analysis
Balance Sheet Preparation
Identifying cost objectives 
Tech-driven financial reporting solutions
Our clients
Known for the best
Hear it from our clients
FBSPL transformed our operations quickly. Their exceptional administrative support, bookkeeping, and recruiting services significantly improved our processes and boosted lead conversion rates. Their integrity, professionalism, and tailored approach set them apart, making them valuable partners in our growth.
Francesca Furlanetto
Director Owner
As the Director of Accounting for an E&S Insurance Company, I connected with FBSPL to support our monthly manual processes. Their team has been a game-changer, enabling us to meet deadlines and improve workflows. The team quickly adapted and delivered high-quality work with over 95% accuracy. Their dedication and service-oriented approach have been invaluable to our growing company.
Monica Spivey
Directory of Accounting
Thought leadership
Explore our insights to know what sets us apart
Frequently asked questions
The month-end close process is a crucial process that is done at the end of each month to ensure accurate and timely financial reporting. It involves several steps, including reconciling accounts, reviewing transactions, adjusting entries, preparing financial statements, and analyzing performance.
We hold expertise in leveraging multiple types of tools for accounting and bookkeeping including financial reporting. Here are the major tools we use.
- QuickBooks
- Zoho
- Oddo
- Sage
- NetSuite
- Xero
At FBSPL, we make sure to maintain data accuracy and precision while offering financial reporting services. If you are still wondering why we are the best fit for you, here is what set us apart.
- All-in-one expertise
- 98% data accuracy
- Cost-effective solutions
- Contractual services
- Availability as per client’s time zone
- Tailor-made solutions
Here is a checklist for financial statement review and preparation.
- Verify the accuracy of financial documents
- Scrutinize the balance sheet & review the income statement
- Evaluate the cash flow statement
- Compare current statements with previous period statements
- Assess the company's financial performance against industry benchmarks
- Understand the financial ratios and indicators
- Formulate preliminary conclusion and recommendations
- Prepare financial statement review report
- Submit review report to the management
- Review updated financials for compliance with recommendations
Non-CPAs may prepare financial statements using available financial frameworks including the FRF framework, cash, tax, and even GAAP bases of accounting.
With GAAP, companies and any entity in the finance sector would have their functioning continued. GAAP allows its stakeholders to quickly evaluate companies by assessing their financial statements. When an investor is in two minds about companies in the same sector, he can compare those companies' financial statements to make an investment decision. GAAP also helps companies gain key insights into their practices and performances. Moreover, it helps minimize the risk of errors in financial reporting by having checks and safeguards at multiple levels while preparing financial statements.
