CPA of Denver · Work directly with Philip M. Falco, CPA
Financial statements can help explain why a profitable business feels short of cash, which balances need investigation and what information is missing before tax planning. CPA of Denver offers a focused discussion of existing records through the $350 CPA Consultation.
Questions We Can Discuss
- Why does net income differ from the change in bank cash?
- What do receivables, payables, loans and equity balances represent?
- Which unusual balances or trends deserve follow-up?
- Are the books ready to support return preparation or a projection?
- What should I ask my bookkeeper to reconcile or explain?
Read the Profit-and-Loss Statement With the Balance Sheet
The income statement describes performance over a period. The balance sheet reports assets, liabilities and equity at a date. Looking at both can reveal questions that one report alone misses. Comparative periods and the accounting basis help put the numbers in context.
An Example: Profit Without Available Cash
An accrual-basis business may report a sale before collecting the customer payment. Loan principal payments and owner distributions can also use cash without appearing as ordinary operating expenses. The consultation follows the facts in your records; it does not assume that a cash difference proves an error.
What to Provide Before the Meeting
- Current and comparative profit-and-loss statements and balance sheets.
- The reporting period and cash or accrual accounting basis.
- Bank reconciliation status and details for balances you are questioning.
- Relevant loan, payroll or owner-transaction summaries.
- Two or three priority questions and any external deadline.
We confirm which records can reasonably be considered within the time allowance. Do not provide accounting-system passwords; use secure document transfer instructions.
Fee and Limits
The consultation is $350 for up to one hour total CPA time, including document review, preparation and the telephone discussion. It is not an hour of calling plus additional analysis. Extensive records, multiple entities, bookkeeping reconstruction or a written analysis report require a separate quote.
This discussion is not an audit, review or compilation engagement and provides no assurance, certification or lender verification. It does not include preparing financial statements or correcting the bookkeeping. If another party requests CPA-issued statements or assurance, tell us before booking so the required service can be identified.
For ongoing discussions, compare annual advisory. Use our meeting agenda to prepare.
Frequently Asked Questions
Will I receive audited or reviewed financial statements?
No. This is a consultation about existing records. An assurance or financial-statement preparation engagement is outside its scope.
Can you fix my QuickBooks file during the consultation?
Bookkeeping cleanup and software correction are not included. The discussion can help identify issues and the further work needed.
Choose Your Next Step
For a focused question, review the $350 CPA Consultation: up to one hour total for document review, preparation and the telephone call. Larger analyses and implementation require a separate engagement. For service-fit and pricing questions, send a brief inquiry; do not include sensitive financial records.
Updated October 17, 2026 · CPA of Denver. General information; the applicable tax year, facts and written engagement determine the work and advice provided.