Cooperatives

Audits to Advisory: Comprehensive Co-op Accounting

Meeting the Evolving Needs of Cooperatives

At Wegner CPAs, we have a long track record of working with cooperatives, providing a range of specialized professional services to help them maintain solid financial footing.

Our firm has a dedicated, expert team that serves cooperative clients exclusively. We work with cooperatives across the country, including food, purchasing, housing, and worker co-ops.

Our team includes nationally recognized experts in the field who stay up-to-date on cooperative organization trends, industry challenges, and best practices. For added peace of mind, members of the Wegner CPAs’ leadership team belong to the National Society of Accountants for Cooperatives.

Ways We Can Help

Audit

Testing, verifying, and reporting on financial information for the highest level of assurance. In addition to reporting on the financial statements, our audit examines the cooperative’s internal controls and makes recommendations for improvements.

Review

An analysis of financial information using inquiry and analytical procedures, resulting in a report that provides more limited assurance of the financial statements than an audit.

Compilation

Collecting and assembling financial data into a report with no assurance of its validity.

Tax Return

The preparation of federal and state income tax returns and the delivery of tax planning services as needed.

Bookkeeping and Controllership Services

Options may include maintaining accounting records, writing checks, payroll, deposits of receipts, and calculating patronage dividends.

Other Agreed-Upon Procedures

Special additional services as needed, such as analysis of internal controls, review of governing documents, and development of patronage dividend systems.

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Resources

Wegner CPAs helped to get our books in order, trained me in some basic accounting practices, and provided us with so much knowledge and experience with cooperatives and tax rules. After many years of struggling with this stuff, it’s a relief to have a solid accounting system in place and CPAs that understand the ins and outs of cooperative corporations. It is truly a valuable service to our organization, and I thank you on behalf of our board and our members.

Craig Saddlemire | Executive Director, Raise-Op Housing Cooperative

We have always received excellent, timely service from Wegner CPAs, and the quality of their work is superb. Many thanks to Wegner CPAs for the great work!

Kathy Parker | Finance Coordinator, Madison Community Cooperative

We have relied on Wegner CPAs’ expertise to help us navigate through our first patronage dividend in 2006 and to advise us on the financial aspects of our expansion to a new store in 2009. Wegner CPAs’ staff is a pleasure to work with, and I know I can count on them to complete the work on time and on budget!

Linda Johnson | General Manager, Wheatsfield Cooperative

Talk to an Expert

To learn more about our customized services for cooperatives.

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Going far beyond the standard accounting and tax services, our CPAs specialize in several industry areas and are in tune with the opportunities and challenges faced by each.

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Insights

We are committed to providing you with the tools you need to make sound decisions every day. Check out our extensive mix of educational resources, and please contact us should you need any help finding the answers to your questions.

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