Financial, Accounting, and Consulting Services
• Assess financial accounting system
• Fix errors previously entered
• Set up appropriate chart of accounts and classifications
• Monitor and maintain accounting data
• Business Coaching
o Coaching objectives to help with overall business practice:
Good sound information and education so that you can use to make educated business decisions.
A ful
l exploration of the available alternatives when any employee stuck or fail to understand a particular point.
A solid understanding of the advantages and disadvantages of a proposal somebody is suggesting.
Advice on how to effectively communicate with employees, clients, etc.
Sound suggestions
Assistance understanding options, coping with contentious conversations, communicating in a way that reduces confrontations
Pose thinking questions that help you look at all possible options in decision making process
o Business Structure Analysis with emphasis on how internal employee processes effect finances
o Creation of Company Manuals or necessary HR documents
Employee guidelines
I-9’s
W-9’s
Any Company documents necessary that are standard business practice agreements with employees
o Creation and implementation of Flow Charts for employee efficiency and monitoring
o Creation of Company Organizational Chart
o Business Market Analysis
o SWOT Analysis
o Using Metrics to Measure Business Practice and the overall health of the company
o Creating internal systems that utilize tools to help improve communication between employees
o Creating organizational tools and guidelines that help employees effectively achieve their goals
o Setting up job descriptions
o Slowing all business process appropriately so educated business decisions are made in hopes of preventing costly mistakes
• Cost/benefit analysis
• Budgets
o Monthly Company assessment of cash in/out vs Budget
o Monthly Marketing budget report
o Creation of Charts for visual aids
• Cash flow projections
• Basic Accounting practice
o Bill Pay
o Creation and delivery of Customer invoices
o Daily Cash Position
Includes daily monitoring of Bank balances
Daily monitoring of Money spent on Credit Cards
o Daily Cash Flow analysis according to cash on hand
o Using QuickBooks to Maintain Inventory counts
o Entering and Maintaining Weekly Income received
o Monthly Reconciliation of all accounts
o Maintaining and Reporting of Employee time records
o Maintaining and reimbursing expenses paid by employees
o Maintaining all financial files with general accounting principles
• Monthly/Quarterly reports:
o Profit & Loss Standard: The Profit & Loss Standard Report will let you know if your company made or lost money over the course of a particular time period. You will not get a significant amount of detail with this report, just a snapshot your company's profitability. o Profit & Loss Detail: The Profit & Loss Detail Report lists all the transactions for a particular time period so you can determine what revenues and expense accounts are the cause of your company's net income or net loss. You can drill down further into particular accounts to get more details on particular transactions that you want to investigate further. o Profit & Loss Year to Date Comparison: The Profit & Loss Year to Date Comparison Report will let you compare your income and expense accounts to the same period in the prior year so you can get a better understanding of how your business is trending at a detailed level. o Expenses by Vendor Summary: The Expenses by Vendor Summary Report will show you the total expenses for each vendor so you know who you are paying and how much you are paying them. o Income by Customer Summary: The Income by Customer Summary Report will show you your gross profit from each customer. The gross profit for each customer is calculated as the total sales to a customer less the cost of goods sold to that particular customer. o Sales by Item Summary: The Sales by Item Summary will tell you how many of each item or service you have sold, the total dollar sales, and the profitability of each product or service. o Balance Sheet
o Net Worth (quarterly)
o Cash Flow analysis
o Assessing the COGS in relation to income
o Assessing business Expenses in relation to income
o Sales Tax payments
