LORNE W. HUNSBERGER, P.A. CERTIFIED PUBLIC ACCOUNTANT When you need expert advice from a seasoned expert, call the NumberDoctor!

ACCOUNTING

Accounting services provided by my office can vary from bookkeeping to auditing in specific industries. Most small business owners do not need audited financial statements because they are generally heavily involved in the day to day transactions of the business. Most banks are satisfied with compiled or reviewed financial statements on small businesses.

The heart of an accounting system is the chart of accounts. This is where the information about the transactions of the business is accumulated. The end products of an accounting system are the monthly and annual financial statements and the annual income tax return.

An accounting system that is poorly designed can have too much detail or not enough detail. The system needs to work for the business owner and give the business owner useful information.

The financial statements should be custom designed for the business owner's particular business. Financial statements that simply dump the accounting system on different pages with various totals clutter the financial statement and the financial statement reader's mind with meaningless detail.

Based upon my years of expertise, I design accounting systems to capture useful information that can be used in making business decisions. I design financial statements so they give the information the reader of the statement needs without all of the detail information. Appropriate detail information can be provided in sub schedules for those who need to look at the details. If the business is in a retail business, I design special gross profit schedules that accompany the financial statements to show the business owner how each segment of the business is performing.

Retirement plans are excellent tax planning tools. Which retirement plan is right for your business or you as an individual? Which retirement plan do you qualify for? I can help with answers to these questions!

LORNE W. HUNSBERGER, P.A. CERTIFIED PUBLIC ACCOUNTANT 2901 W. BUSCH BLVD, SUITE 1007 TAMPA, FLORIDA 33618 (813) 931-4122 Fax: 932-0395 E-Mail: cpa@numberdoctor.com