Accounting Services

Our firm has the resources, experience, and depth of knowledge to offer the following services to both individuals and businesses. We can deliver the services you need in a professional, fast, and cost-efficient manner.

Reviews and Compilations
When audit services are not required, many businesses rely on a review or compilation to provide the financial information they need. We specifically design reviews or compilations for each client's varying needs. Our firm prepares monthly, quarterly or annual financial statements as well as tailor-made financial analyses that can help business owners and managers eliminate inefficiency and realize full business potential.

Management Advisory Services
Our firm offers complete management advisory and consulting services, including systems implementation and management, cost controls, and employee benefit plan restructuring. Two members of our firm also hold their Nursing Home Administrator Licenses.

Financial Forecast and Projections
Often a financial forecast or projection is required for certificate of need applications or loan applications. Paulsen, Megaard & Co., PS can prepare a forecast or projection uniquely suited to the needs of the organization.

Accounting Services
Our firm offers a complete range of accounting services, including receivables, payables, and accounting procedure management. We prepare financial statements for use by banks, investors, and other third parties. Our firm will also prepare custom financial reports for internal or managerial use.

Cash Flow and Budgeting Analysis
Cash flow and budgeting analyses can help you minimize cost overruns, lost purchase discounts, and uncollectable receivables. Many of our clients state that these value-added services are indispensable.

Tax Preparation
We offer full tax return preparation and filing services for all businesses, not-for-profit organizations, and individuals.

Tax Planning
We continuously monitor federal, state, and local tax law changes relevant to our clients so they can minimize current and future tax liabilities. If necessary, we can implement tailor-made due-date tax compliance monitoring systems to prevent costly interest and penalty assessments attributable to late filing.

Bookkeeping/Write-Up
Full-charge bookkeeping services are available, including general journal and subsidiary ledger maintenance, bank reconciliations, and receivables and payables tracking and analysis.

Audit Services
Our firm provides independent audit services to organizations and businesses of all sizes, including HUD audits and other governmental audits.

Fraud Prevention and Detection
Nobody likes to think about being robbed by an employee, but it can happen. Our firm has the knowledge to help you protect your assets and can develop systems to detect and deter fraudulent activity. We can assist in setting up a corporate program designed specifically for each organization.

Consulting Services
Our consulting encompasses:

  • Management level corporate accounting
  • Finance department integrity studies
  • Training for on the proper use of financial data and computer applications
  • Corporate compliance
  • Cost accounting systems
  • Analysis of cost and statistical data
  • Budget reports, financial forecasts and projections
  • Federal and state health care compliance consulting
  • We offer a wider array of consulting services than listed here; tailored to the needs of our clientsCost Reimbursement for Long-Term Health Care
    A full range of Washington state cost reimbursement expertise is available for long-term health care clients, including cost report preparation, rate reviews and appeals and certificate of need applications.

    Members of our firm have established respect and rapport with various state agency analysts.

    Our staff have over 50 years of collective experience in the preparation of complex Medicaid and Medicare cost reports and all additional required reports. Rate appeals, settlement analysis, and audit appeals that achieve positive results is what we deliver. We can also prepare or assist clients in the preparation of Medicaid and Medicare logs, census reports and labor reports.

    Accounting Software Selection and Implementation
    Need help with accounting software selection and implementation? Our firm will help you select the software that's right for you and will help you to learn how to use it effectively.

    Notary Public
    We have two notary publics onsite for any notarizing needs.