{"id":2221,"date":"2012-03-19T09:42:12","date_gmt":"2012-03-19T09:42:12","guid":{"rendered":"http:\/\/waddytax.com\/beta\/?page_id=251"},"modified":"2021-11-26T14:28:36","modified_gmt":"2021-11-26T14:28:36","slug":"financial-reporting-faqs","status":"publish","type":"page","link":"https:\/\/www.waddytax.com\/dcaa\/financial-reporting-faqs\/","title":{"rendered":"Financial Reporting FAQs"},"content":{"rendered":"<div class=\"fusion-fullwidth fullwidth-box fusion-builder-row-1 fusion-flex-container nonhundred-percent-fullwidth non-hundred-percent-height-scrolling\" style=\"--awb-border-radius-top-left:0px;--awb-border-radius-top-right:0px;--awb-border-radius-bottom-right:0px;--awb-border-radius-bottom-left:0px;--awb-flex-wrap:wrap;\" ><div class=\"fusion-builder-row fusion-row fusion-flex-align-items-flex-start fusion-flex-content-wrap\" style=\"max-width:1310.4px;margin-left: calc(-4% \/ 2 );margin-right: calc(-4% \/ 2 );\"><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-0 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:0px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:0px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"accordian fusion-accordian\" style=\"--awb-border-size:1px;--awb-icon-size:16px;--awb-content-font-size:16px;--awb-icon-alignment:left;--awb-hover-color:#f9f9fb;--awb-border-color:#e2e2e2;--awb-background-color:#ffffff;--awb-divider-color:#e8ebef;--awb-divider-hover-color:#e8ebef;--awb-icon-color:#ffffff;--awb-title-color:#00578e;--awb-content-color:#000000;--awb-icon-box-color:#212934;--awb-toggle-hover-accent-color:#65bc7b;--awb-title-font-family:&quot;Avant Garde BK&quot;;--awb-title-font-weight:700;--awb-title-font-style:normal;--awb-title-font-size:24px;--awb-content-font-family:Arial, Helvetica, sans-serif;--awb-content-font-style:normal;--awb-content-font-weight:400;\"><div class=\"panel-group fusion-toggle-icon-boxed\" id=\"accordion-2221-1\"><div class=\"fusion-panel panel-default panel-161ec49f0ba0ab1d0 fusion-toggle-has-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_161ec49f0ba0ab1d0\"><a class=\"active\" aria-expanded=\"true\" aria-controls=\"161ec49f0ba0ab1d0\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-2221-1\" data-target=\"#161ec49f0ba0ab1d0\" href=\"#161ec49f0ba0ab1d0\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">1. Can I pick and choose which reports I want you to create?<\/span><\/a><\/h4><\/div><div id=\"161ec49f0ba0ab1d0\" class=\"panel-collapse collapse in\" aria-labelledby=\"toggle_161ec49f0ba0ab1d0\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>Absolutely! We have a variety of reports that are available to you, and we will advise you on the reports that will be the most beneficial for your business.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-abcc5afff68c34cca fusion-toggle-has-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_abcc5afff68c34cca\"><a aria-expanded=\"false\" aria-controls=\"abcc5afff68c34cca\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-2221-1\" data-target=\"#abcc5afff68c34cca\" href=\"#abcc5afff68c34cca\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">2. How often can bank reconciliation be done?<\/span><\/a><\/h4><\/div><div id=\"abcc5afff68c34cca\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_abcc5afff68c34cca\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>Bank Reconciliation is done on a monthly basis for most clients. If you have a larger company and need something more frequent, give us a call to discuss your situation.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-6a67af14701c7b788 fusion-toggle-has-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_6a67af14701c7b788\"><a aria-expanded=\"false\" aria-controls=\"6a67af14701c7b788\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-2221-1\" data-target=\"#6a67af14701c7b788\" href=\"#6a67af14701c7b788\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">3. How do I initiate a project?<\/span><\/a><\/h4><\/div><div id=\"6a67af14701c7b788\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_6a67af14701c7b788\"><div class=\"panel-body toggle-content fusion-clearfix\">You may contact us by phone at (410) 298-0300 or email <a href=\"mailto:info@waddytax.com\">info@waddytax.com<\/a>\u00a0to schedule an appointment so that we may discuss your needs and the next steps.<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-a777b7d20a4f31079 fusion-toggle-has-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_a777b7d20a4f31079\"><a aria-expanded=\"false\" aria-controls=\"a777b7d20a4f31079\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-2221-1\" data-target=\"#a777b7d20a4f31079\" href=\"#a777b7d20a4f31079\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">4. How will I send work\/information to you?<\/span><\/a><\/h4><\/div><div id=\"a777b7d20a4f31079\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_a777b7d20a4f31079\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>If you are already a Waddy bookkeeping client, we can login directly to your online bank account to download your data. Otherwise, you can email us a secure copy of your bank account statements or excel spreadsheets, and we do the rest.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-7d549a25b5459b82a fusion-toggle-has-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_7d549a25b5459b82a\"><a aria-expanded=\"false\" aria-controls=\"7d549a25b5459b82a\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-2221-1\" data-target=\"#7d549a25b5459b82a\" href=\"#7d549a25b5459b82a\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">5. I need a Net Worth statement created for my bonding agency. Can you help?<\/span><\/a><\/h4><\/div><div id=\"7d549a25b5459b82a\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_7d549a25b5459b82a\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>Yes. We can generate a Net Worth statement by asking you specific questions about your assets and liabilities. We also have direct access to the Multiple Listing Service, so we can tell you an approximate value of your home.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-4db68a9c68313f9df fusion-toggle-has-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_4db68a9c68313f9df\"><a aria-expanded=\"false\" aria-controls=\"4db68a9c68313f9df\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-2221-1\" data-target=\"#4db68a9c68313f9df\" href=\"#4db68a9c68313f9df\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">6. How long does it take to get reports returned to me?<\/span><\/a><\/h4><\/div><div id=\"4db68a9c68313f9df\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_4db68a9c68313f9df\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>Some reports can be generated by the next business day. Other, more complex reports may take longer to create. The sooner you provide us with the information we are requesting, the quicker we can compile and return your report. We will provide you with an estimated delivery date when we receive your information.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-89160568681ba880f fusion-toggle-has-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_89160568681ba880f\"><a aria-expanded=\"false\" aria-controls=\"89160568681ba880f\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-2221-1\" data-target=\"#89160568681ba880f\" href=\"#89160568681ba880f\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">7. How do you guarantee the security of my data?<\/span><\/a><\/h4><\/div><div id=\"89160568681ba880f\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_89160568681ba880f\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>All of your data is secured in our private, firewalled servers. Access to your data is only available to specific Waddy employees who have been prescreened and security tested.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-246c2ca8acf354057 fusion-toggle-has-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_246c2ca8acf354057\"><a aria-expanded=\"false\" aria-controls=\"246c2ca8acf354057\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-2221-1\" data-target=\"#246c2ca8acf354057\" href=\"#246c2ca8acf354057\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">8. How are payments handled?<\/span><\/a><\/h4><\/div><div id=\"246c2ca8acf354057\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_246c2ca8acf354057\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>Payments can be drafted each month directly from your bank account, credit or debit card. Depending on your preference, you may also pay by check.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-e2912f34e4ae307fa fusion-toggle-has-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_e2912f34e4ae307fa\"><a aria-expanded=\"false\" aria-controls=\"e2912f34e4ae307fa\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-2221-1\" data-target=\"#e2912f34e4ae307fa\" href=\"#e2912f34e4ae307fa\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">9. What sized businesses does Waddy work with? Is my business too small?<\/span><\/a><\/h4><\/div><div id=\"e2912f34e4ae307fa\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_e2912f34e4ae307fa\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>We work with businesses of all sizes from one-person contractors to larger corporations with multiple employees.<\/p>\n<\/div><\/div><\/div><div class=\"fusion-panel panel-default panel-7cc2def132d21fc0a fusion-toggle-has-divider\"><div class=\"panel-heading\"><h4 class=\"panel-title toggle\" id=\"toggle_7cc2def132d21fc0a\"><a aria-expanded=\"false\" aria-controls=\"7cc2def132d21fc0a\" role=\"button\" data-toggle=\"collapse\" data-parent=\"#accordion-2221-1\" data-target=\"#7cc2def132d21fc0a\" href=\"#7cc2def132d21fc0a\"><span class=\"fusion-toggle-icon-wrapper\" aria-hidden=\"true\"><i class=\"fa-fusion-box active-icon awb-icon-minus\" aria-hidden=\"true\"><\/i><i class=\"fa-fusion-box inactive-icon awb-icon-plus\" aria-hidden=\"true\"><\/i><\/span><span class=\"fusion-toggle-heading\">10. What sets Waddy apart from other financial reporting services?<\/span><\/a><\/h4><\/div><div id=\"7cc2def132d21fc0a\" class=\"panel-collapse collapse \" aria-labelledby=\"toggle_7cc2def132d21fc0a\"><div class=\"panel-body toggle-content fusion-clearfix\">\n<p>Our financial statements are always reviewed for accuracy and content to ensure the details are relevant to the requesting party. For example, if a mortgage company is requesting a financial statement, the report should be formatted differently than those prepared for a taxing authority or a bank lender. We thoroughly review each report to ensure the proper statement is created for the proper use.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><div class=\"fusion-layout-column fusion_builder_column fusion-builder-column-1 fusion_builder_column_1_1 1_1 fusion-flex-column\" style=\"--awb-bg-size:cover;--awb-width-large:100%;--awb-margin-top-large:20px;--awb-spacing-right-large:1.92%;--awb-margin-bottom-large:20px;--awb-spacing-left-large:1.92%;--awb-width-medium:100%;--awb-order-medium:0;--awb-spacing-right-medium:1.92%;--awb-spacing-left-medium:1.92%;--awb-width-small:100%;--awb-order-small:0;--awb-spacing-right-small:1.92%;--awb-spacing-left-small:1.92%;\"><div class=\"fusion-column-wrapper fusion-column-has-shadow fusion-flex-justify-content-flex-start fusion-content-layout-column\"><div class=\"fusion-text fusion-text-1 fusion-text-no-margin\" style=\"--awb-margin-top:20px;--awb-margin-bottom:20px;\"><p><span style=\"color: var(--h4_typography-color); font-family: var(--h4_typography-font-family); font-size: var(--h4_typography-font-size); font-style: var(--h4_typography-font-style,normal); font-weight: var(--h4_typography-font-weight); letter-spacing: var(--h4_typography-letter-spacing); background-color: rgba(255, 255, 255, 0);\">Knowledge | Trust | Personal Service | Expert Advice\u2026 Waddy Delivers<\/span><\/p>\n<\/div><\/div><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-2221","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/www.waddytax.com\/dcaa\/wp-json\/wp\/v2\/pages\/2221","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.waddytax.com\/dcaa\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.waddytax.com\/dcaa\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.waddytax.com\/dcaa\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.waddytax.com\/dcaa\/wp-json\/wp\/v2\/comments?post=2221"}],"version-history":[{"count":1,"href":"https:\/\/www.waddytax.com\/dcaa\/wp-json\/wp\/v2\/pages\/2221\/revisions"}],"predecessor-version":[{"id":2270,"href":"https:\/\/www.waddytax.com\/dcaa\/wp-json\/wp\/v2\/pages\/2221\/revisions\/2270"}],"wp:attachment":[{"href":"https:\/\/www.waddytax.com\/dcaa\/wp-json\/wp\/v2\/media?parent=2221"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}