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Accounting is the professional process of adjusting and restructuring financial activity transaction reports, records and journals into certified financial documents that conform to national and international standards as defined by organizations such as the American Institute of Certified Public Accountants (AICPA), the Financial Accounting Standards Board (FASB) or the International Accounting Standards Board (IASB).  Conforming financial presentations and documents to fixed standards permits individuals, investors and others to measure the relative strength, health and credibility of two or more business entities by being assured the information being presented between the entities is directly comparable and is being reported in an identical manner.  Among others, these certified financial reports are needed by publicly traded companies, individuals seeking government contracts and organizations regulated by the SEC or other similar boards of trade.  CPA's are required to maintain training and proficiency in this ever-changing and regulatory environment to understanding and properly applying the various standards to financial documents and presentations being prepared.  When a particular document or report meets the conditions of requiring certification, Lethert Tax Accounting Systems, Inc. contracts with independent CPA's, of either our or the client's choice, to attain an objective and outside level of attestation that may be needed by our client.  We believe that this ongoing relationship between Lethert Tax Accounting Systems, Inc. and CPA's provides a level of expertise and service of great added value to our clients.

Our Accounting Services include:


From start-ups to established enterprises, all businesses rely on accurate and insightful financial information in order to maintain profitability and capitalize on new opportunities. A financial compilation puts your company's bookkeeping data into a consistent format that allows for easy comparison of one period to another. This helps management identify trends, make presentations to banks or other financial institutions and develop strategies and constructive solutions for maximizing your company's profitability, efficiency and opportunities. Compilations differ from reviews and audits as they are based solely upon client provided information and bookkeeping primarily for internal use, as no attestations or assurances are expressed. Lethert Tax Accounting Systems, Inc. helps steer you closer to your goals by helping you use the compiled information to gauge the health and financial condition of your business.

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Business Financial Statement Preparation

We can assist you in the preparation of your financial statements in accordance with professional standards. Business financial statements generally consist of a Statement of Income and Expense for a specified period of time and a Balance Statement showing actual account balances at specific frozen moments in time. Together these two statements disclose and reconcile all financial activity of a business for a particular accounting period. Certified financial statements reporting the activities of a business are often requested by government, banks and other financial institutions to measure the new worth and credit worthiness of a business. They are essential for securing loans, attaining credit and to comply with many official reporting requirements mandated by law and regulation. Correct and accurate financial statements are also a very useful tool for the management of a business or for making informed financial decisions.

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Personal Financial Statement Preparation

What is your personal net worth? Do you have a clear picture of the trends and direction of your personal finances? Just like running a business, each of us has one or more sources of revenue and we all have expenses. By applying the same rules and techniques used in business, we are able to develop financial statements for you and your family consisting of a Balance Sheet showing a snapshot picture of your life situation at any particular moment in time, and an Income Statement showing the flow of your financial activities over a set period of time. We can even subdivide these reports into convenient classifications such as the costs associated with different properties you may own or even as revealing as the revenues and costs associated with each member of your family.

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Business/Family Cash Flow and Budget Analysis

A business can be profitable and individuals can be monetarily successful yet still run into financial trouble due to cash flow issues. Cash Flow is something that can make or break a business or individual's ability to survive. We can forecast and evaluate your financial condition, estimate financing requirements, develop budgets and track cash-flow sources and uses. We can help you analyze your spending, re-balance your budget and/or optimize your debt repayment plan to support your personal or business success. If or when there are any major changes in your business structure or life situation, we can revisit the benchmarks to ensure that you are functioning at an optimal level. Good cash management is not an accident, it is generally the result of setting goals, establishing boundaries and operating reasonable plans within responsible constraints. It can improve liquidity, reduce costs, and increase monetary gains or profits. With our help and guidance, you will always be on top of your finances and ready to seize opportunities.

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Financial Forecasts and Projections

It has been said, "No one can predict the future, but we can all benefit from planning for it". Lethert Tax Accounting Systems, Inc. combines expertise and experience with a gained understanding of your business or personal situation to produce financial projections that can help you manage your financial plan and spending. Forecasting for the future is imperative to success in both your business and personal lives. It is a critical activity for any individual, manager or leader to exercise to gain an edge in business, investment or financial decisions. We make it a point to keep current with market trends, world events and economic updates so that you can be better informed and prepared for what night be on the horizon. From simple predictions to complete financial modeling, we can provide experienced insight so that you can make smarter choices toward achieving your financial goals.

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Custom Agreed-Upon Services

Do you have some upcoming decision that requires an analysis between two or more possible courses of action? Is there some special project in your future that needs an unbiased point of view to provide you the information needed to make an informed decision? A Custom Agreed-Upon Procedure is a service in which you can ask us to perform specific analysis or tests which you define. Upon completion of the analysis or tests, we will prepare and provide you a report of our results or findings. Such information could prove very valuable in helping you make an informed decision or assess the relative merits between seemingly equal choices. At Lethert Tax Accounting Systems, we can guide you in some upcoming decision or provide you with valuable insight regarding the management of your business or life circumstances.

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