Patricia Barrios

One kind of work, three depths

Single-entity statements, GAAP conversion, and multi-entity consolidation are the same underlying discipline at increasing complexity. Here's what drives the price at each depth.

Why entity count, not a flat quote

Preparing one company's financial statements and consolidating six subsidiaries across three GAAP frameworks are not the same job, even though both start with "prepare financial statements." The variable that actually drives cost is how many entities and standards are involved — so that's what sets the price, not a vague estimate.

Three depths, one variable: entities and standards involved

Not sure which one fits? Tell me your entity structure and I'll tell you exactly where you land.

1 entity, 1 standard

Financial Statement Preparation

Balance sheets, income statements, cash flow statements, and notes — compliant with the applicable reporting standard for your jurisdiction. Right fit for a single entity that needs clean, compliant statements, not a conversion between standards.

Full set of financial statements with notes
One entity, one reporting standard
One-time or recurring, your choice
Does not include GAAP conversion or consolidation
From €950/project · From €400/month if recurring
1 entity, 2+ standards

GAAP Conversion

Converting financials between US GAAP, IFRS, and Dutch GAAP (NL GAAP). Common for companies expanding internationally or preparing for cross-border investment. Priced by how many standards you're converting between, not a flat project fee.

Mapping between source and target standards
Reconciliation of differences, documented
Restated financial statements in the target standard
Includes the statement preparation tier above
From €1,800/project
2+ entities, any number of standards

Multi-Entity Consolidation

Consolidated group reporting across subsidiaries in multiple countries and GAAP frameworks — including elimination entries and intercompany reconciliation. Priced per entity, since each additional subsidiary adds real reconciliation work.

Consolidated financial statements, group-level
Elimination entries and intercompany reconciliation
Handles mixed GAAP frameworks across entities
Includes the GAAP conversion tier for any entity that needs it
From €2,500/project for up to 3 entities, +€600 per additional entity

Common questions

How do I know which tier I need?

Count your entities and standards. One entity, one reporting standard (e.g. just Dutch GAAP for a Dutch BV) is the statement preparation tier. One entity that needs to speak two standards (e.g. US GAAP books converted to IFRS for an investor) is the GAAP conversion tier. Two or more entities that need to roll up into one set of group financials is consolidation — regardless of whether they use the same standard or not.

Why does consolidation price per entity instead of a flat fee?

Because each additional subsidiary adds its own intercompany transactions, elimination entries, and currency or GAAP differences to reconcile — the work scales roughly linearly with entity count, so the price does too. The base covers up to 3 entities; each one beyond that adds a fixed increment rather than a re-negotiated quote.

Can this be a recurring service instead of a one-time project?

Yes for statement preparation — many clients want financials produced every quarter or month, which is priced as a monthly rate instead of a one-time project fee. GAAP conversion and consolidation are typically one-time or annual projects, since the underlying entity structure and standards don't usually change month to month.

Do you handle US GAAP, IFRS, and Dutch GAAP specifically?

Yes — these three are the combination I work with most, given clients expanding between the Netherlands, the US, and Latin America. If your situation involves a different standard, tell me during the consultation and I'll be upfront about whether it's a fit.

Tell me your entity structure

A few details about how many entities and standards are involved, and I'll tell you exactly where you land.