Accounting and Record Keeping
Unless your business is accounting or bookkeeping, keeping financial records is probably not what you do best. or something you even want to do. You would rather spend your time selling your product or service - way more fun! However, if you are going to run a successful business, accurate and timely financial information is a must. Here are some of the reasons why you need a good financial record keeping system:
- Monitoring the profitability of your business
- Provide information for decision making
- Reporting to externally - bank and shareholders
- Preparing budgets
- Tax compliance
No matter what size your organization is we can help you to identify whether you current system is meeting your needs and providing you with the data necessary to run a successful business.
Cash Flow and Budgeting
Too many businesses start and with a great idea and fail because the owners did not anticipate their cash flow needs while the business was in its infancy. Even mature businesses must be be aware of their cash flows to avoid tripping up at critical times.
We offer expert cash flow and budget advice for startup companies to businesses generating $100 million in annual revenue.
Profitability and Margin Analysis
A critical part of running a successful business is knowing your profitability at various points in the production cycle. Understanding your Fixed Production Cost Profitability, Gross Profitability, Net Profitability and Break-Even Profitability will give you insight in how best to price and leverage the product you sell.
We are able to help you collect the data needed to analyze your profitability in order to make strategic pricing and production decisions.
Internal Control Design and Review
Having spent over 30 years developing and designing internal control systems for two profitable and successful companies we can help you design both preventative and detective internal controls that will minimize the risk to your business. We offer advice and can design a system that addresses the following internal control areas:
- Separation of Duties
- Asset Security
- Information and Communication