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Financial Statement preparation is a product of a series of efforts.

    Depending on each client, these may start with basic work such as Bank Reconciliation, through creation and/or review of General Ledger transactions to the preparation of Balance Sheets, Statement of Operations and all the other statements that comprise the Financial Statement. 

    Good financial records are necessary for several reasons:

  1. Daily operating decisions are based on financial reports.
  2. Bank loans require reports of past performance.
  3. Tax return numbers need proper substantiation.

    In preparing or reviewing Financial Statements Van Tassell & Paegel seek to achieve the goals of our client, whether it be tax planning or Balance Sheet presentation for financing.

    If you would like to learn more about using financial statements to make sound business decisions, we would be happy to assist you. Send email to accounting@sierracpa.com