Financial Statement Preparation
We can assist you in the preparation of your financial statements in accordance with professional standards, but express no opinion or any other form of assurance on the underlying information included in them. The financial statements produced can serve as a useful tool to management in making financial decisions.
Obtaining financing often requires companies to provide financial statements that have been evaluated by an independent party. A business owner should only trust their financial statement preparation to an experienced Sarasota CPA. Financial statements provide business owners confidence in the organization’s data and are useful when preparing tax returns and analyzing financial results.
Business owners agree they spend valuable time addressing the tax issue to their business. There is another productivity cost that is more difficult to quantify. How much time is spent worrying about your business’ tax preparation and financial statements? If you are seeking an accomplished CPA you can trust your business financial statements and tax planning, contact us today to relieve the associated stress.
Financial Statement Prep by a CPA
In order to make the most of your time with a us, gather all the documentation available. This is is needed to verify that the amounts reported on a company’s financial statements. Necessary documentation includes investment statements, loan balances, a listing of revenues and expenses and a detailed transaction listing of all financial statement accounts.
Since compilations are the lowest form of service provided on financial statements, standards do not require the accountant to perform any procedures to verify financial information provided by the client. Review your documentation for glaring errors. Record adjusting journal entries for errors found while analyzing financial data. If we discovers an obvious error on a company’s compiled financial statements, he records an adjusting journal entry to correct the amount, and to ensure financial statement amounts are supported by the presented documentation.
Many entities will be interested in your business’ financial statement. Owners, executives and managers use financial statements to make decisions that affect its continued operations. These statements may be used in annual report to the stockholders. Potential investors use financial statements to assess the viability of investing in a business. Bankers and lenders determine if a company will received or continue to receive working capital or extend debt securities to finance expansion and other significant expenditures. Vendors may require financial statements to assess the creditworthiness of the business. Even media and the general public can be interested in financial statements for a variety of reasons.
The importance of a well prepared financial statement cannot be overstated. Contact us to ensure your financial statement helps your
