Lorena Boda CPA

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Financial Statements Compilation in Mississauga That Keeps Your Business Clear and Compliant

When your financials demand accuracy and clarity, our team delivers precise, timely, and fully compliant results.

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The Businesses Behind Every File We Handle

We work with a broad range of clients requiring financial statements, from growing startups to established incorporated professionals across Mississauga and surrounding areas.

Small Business Owners

Small business owners rely on compiled statements to secure financing, satisfy lenders, and maintain a clear picture of their financial position throughout every stage of business growth.
Incorporated Professionals

Incorporated Professionals

Incorporated professionals need an accurate compilation of financial statements to meet corporate obligations, support tax filings, and maintain complete confidence in their annual financial reporting requirements.
Growing Corporations

Growing Corporations

Rapidly expanding corporations require reliable financial statements compilation to support strategic decisions, attract investors, and ensure their reporting keeps pace with the demands of accelerated business growth.

Startups

Self-Employed Individuals

Self-employed individuals benefit from professionally prepared financials that support loan applications, demonstrate consistent income, and ensure every business expense is accurately captured and properly classified.

Everything Your Engagement Actually Includes

From income statements to year-end advisory, we prepare compiled financial statements with the precision and care your business deserves at every step.

Income Statements

We prepare accurate income statements that clearly reflect your revenue, expenses, and net position, giving you and your stakeholders a reliable foundation for every financial decision you make.

Balance Sheet Preparation

Our financial statement compilation process includes a thorough balance sheet that captures your assets, liabilities, and equity with complete accuracy and full adherence to applicable accounting standards.

Notes Preparation

We prepare the accompanying notes that provide essential context for your compilation of financial statements, ensuring every figure is properly explained and your reporting remains transparent and complete.

HST and Tax Filing

We integrate your compiled financial statements with your HST and corporate tax filing obligations, ensuring your compliance requirements are handled together efficiently, accurately, and without gaps or duplication.

Annual Reporting

Our team manages your annual reporting cycle from start to finish, ensuring every deadline is met and every financial document reflects the true and current state of your business operations.

Ongoing Advisory

Beyond the numbers, we provide ongoing guidance that helps you interpret your financials, identify opportunities, and make informed decisions that continuously support the financial health of your business.

What Makes Our Approach Different

Our technical credentials, industry recognition, and dedication to client service make us the firm Mississauga businesses trust for their compiled financial statements year after year.

Rare Technical Depth

Lorena holds a Master of Taxation and dual CPA designations in Canada and the United States, bringing exceptional technical depth to every financial statement engagement we undertake for our clients.

QuickBooks Certified

Our team is certified in QuickBooks, allowing us to work directly within your existing bookkeeping system to produce accurate, efficient, and seamlessly integrated financial reports with minimal disruption to your operations.

National Firm Precision

Our background at national accounting firms means every financial statement compilation is handled with the same rigor, structure, and technical precision that large organizations receive, regardless of your business size.

Truly Personal Approach

We take the time to understand your business before we begin. Every engagement is built around your specific reporting needs, your timeline, and the financial clarity you need to move confidently forward.

Get Your Financial Statement Compilation Started with Us Today

Your business deserves financials that are accurate, timely, and built to support every decision ahead. Partner with Lorena Boda CPA for financial statement compilation that is precise, personal, and done right. Contact us today.

Frequently Asked Questions

A compilation involves preparing your financials based on information you provide without verifying or expressing an opinion on accuracy. Audits and reviews involve independent verification and provide higher levels of assurance to stakeholders and lenders.

Bookkeeping records alone are rarely sufficient for lenders, investors, or corporate filings. Professionally prepared financials present your information in a structured, credible format that meets the expectations of banks and regulatory bodies.

We typically require your bank statements, expense records, invoices, payroll summaries, and prior year financials. The more organized your records, the more efficiently we can complete the engagement on your behalf.

Timelines depend on the complexity of your business and the completeness of your records. Most straightforward engagements are completed within two to three weeks once all required information has been received and reviewed.

Yes. Most lenders accept compiled statements as part of a loan application. We prepare your financials to meet standard lender expectations, presenting your financial position clearly and professionally to support your application.

In Canada, compilation engagements are governed by the Canadian Standard on Related Services CSRS 4200. We prepare all compiled statements in full compliance with this standard and applicable accounting frameworks for your business type.

We include all relevant notes and disclosures as part of your engagement. These notes provide important context for the figures in your financials and ensure your reporting is complete, transparent, and professionally presented.

Absolutely. We regularly collaborate with existing bookkeepers and work directly within platforms such as QuickBooks. Our goal is to integrate seamlessly with your current processes to minimize disruption and maximize efficiency.

It forms the foundation of your corporate tax return. We use them to prepare accurate T2 filings, ensuring your reported income, deductions, and credits are fully supported by your financial records.

We identify and flag any inconsistencies we encounter during the process. We work with you to resolve discrepancies before finalizing the engagement, ensuring your financial statements are accurate and reflect the true state of your business.