Professional Services

I can prepare a complete set of financial statements to help you assess the health of your business.  This package includes:

• A Balance Sheet that gives you a snapshot of your overall financial condition at month, quarter, and/or year end.
• An Income Statement that summarizes revenues, expenses, and net profits so you can assess the operating performance of your business.
• A Comparison of Actual Performance to Budget- so you can identify trouble spots in your revenue stream or spending patterns.
• A Cash Flow Statement that shows how changes in your Balance Sheet and Income Statement affect your available cash.
• Estimated tax liabilities 

My analysis of your financial statements helps you frame strategic initiatives as well as tactical plans. 

 Are you thinking of joining the ranks of small business owners? Along with great idea and strong sense of the market you will serve, you will need a business and financial advisor who can help your dream take flight while keeping your feet firmly planted on the ground.
I can help you:

• Develop or refine your business plan with the associated pro forma financial statements (Balance Sheet, Income Statement, Cash Flow) and budget.
• Select a business structure that suits your needs by considering tax advantages, legal exposure, ease of operation, and portability.
• Make application for your Federal Employer Identification Number.
• Identify start-up capital needs and available resources to address them.
• Select the right accounting software and establish the appropriate chart of accounts.
• Establish billing and collection procedures to maximize your cash flow.
• Establish procedures to monitor and control cost.

I'm eager to get your business off to a good start.
Contact me to learn more about New Business Formation Services. 

 I can help you:

• Develop or refine your business plan with the associated pro forma financial statements (Balance Sheet, Income Statement, Cash Flow) and budget.
• Identify additional capital needs and available resources to address them.
• Select the right accounting software and modify your chart of accounts.
• Re-evaluate billing and collection procedures to maximize your cash flow.
• Re-evaluate procedures to monitor and control cost.

Review of Internal Controls and training employees on correct procedures.
Some best practices include:

• Segregating duties across multiple individuals to minimize exposure to error and inappropriate behavior.
• Establishing lines of authority and the associated processes for transaction approval.
• Assigning responsibility for periodic review and reconciliation of financial records by someone who is not involved in executing transactions or preparing statements.
• Documenting policies and procedures as guideposts for your employees' day-to-day activities.
• Training employees on their respective job duties and establishing appropriate supervision.
• Reviewing operations to ascertain whether results are consistent with established goals, objectives, and protocols.

Contact me to learn more about how I can help minimize growing pains for your business. 

 Working as your part-time Controller, I will translate your business strategy and operating plans into detailed financial forecasts (Balance Sheets, Income Statements, Cash Flow Statements, Department Budgets) by month over planning horizon.  these forecasts expose capital, staffing, facilities, and equipment requirements for which actions plans must be developed.  I will also contemplate tax strategies to minimize liabilities while making provisions for quarterly payments.  Once plans are set, I will help you establish performance benchmarks and provide the means to track progress (actual vs. forecast). Expert counsel helps you minimize the impact of variances as well as initiate corrective action.  Moreover, profitability analysis by service or product line can suggest opportunities to refocus sales effort or highlight the need to improve margins through repricing and/or cost containment.

Your part-time Controller has the ability to provide oversight of all aspects of your company's financial affairs.  This includes:

• Establishing strong internal controls to ensure accurate transaction processing while minimizing exposure to fraud and theft.
• Training and managing the accounting and payroll staff-through a third-party service.
• Providing financial reports and performance benchmarks within 20 days of month end closing.
• Identifying sources to meet capital and operating requirements and taking the lead to negotiate favorable terms.
• Building a cash reserve appropriate to your business model, anticipated growth, and market outlook.
• Maximizing the return on invested funds by identifying appropriate investment opportunities and managing relationships within the investment community.
• Review and approve all tax filings with federal, state, and local agencies.