Management financials
Too many business owners run their companies based on a bird’s-eye view of performance. This results in only partially informed decisions. We can prepare meaningful financial reports to be used with ease as a management tool in running your business.
Compilations
Often a company will be required to submit official financial statements prepared by a CPA firm with a minimal level of assurance. We can compile your financial statements for these submissions.
Reviews
A review is a specific attest engagement done by an independent CPA firm. It provides reasonable assurance that your financial statements do not need to be restated. Often, lending institutions and investors may require such a level of service. We can review your financial statements.
Supplemental schedules
Aside from conventional financial statements, lenders and investors may want to have detailed financial information on components of the financials. We can prepare these supplemental schedules.
Budgets
Preparing for your future begins with an allocation of your resources. We can work with you to prepare a budget as a goal or as a management tool.
Forecasts
A forecast is a forward looking financial picture. It considers all the elements of your business and environment that exist today and extends those conditions into the future. We can assist you in forecasting your business.
Projections
A projection is a “what-if” forecast. What if I changed a product line, branched into a new market, purchased goods from a cheaper supplier? How would those changes affect the success of my business? We can help you project your ever changing future.
Variance analysis
Why are things different than I had expected and how should I respond?
Trend analysis
How is my business performing during certain times or conditions and how can I capitalize on my strengths?
Profitability analysis
How are my specific products performing and should I change my product mix to be more profitable?
Cost analysis
What are the real costs of my business or product and what can I do to minimize them or make sure I charge enough to cover them?
Budget analysis
Why am I over or under budget and how can I reallocate my resources to achieve my goals?
Risk assessment
Identifying areas of risk is essential to the security and efficiency of your company. We can work with you to develop a comprehensive assessment of potential pitfalls and threats and create policies and procedures to mitigate them.
Policy development
Company standards dictate quality and safety. We can assist you in developing company policies that protect your interests and ensure desirable output.
Process Development
How work is performed dictates efficiency and quality. We can assist you in developing procedure for transactions and tasks to get the most out of your efforts.
Workflow controls
In order to have an efficient workplace and protect your assets, you need checks and balances. There needs to be some separation of duties and review process to ensure accuracy and accountability. We can work with you to establish appropriate review checkpoints.
Cash-cycle procedures
Managing your “cash gap,” the time between performing work and getting paid for it, can become virtually impossible without specific policies and procedures in place. We can help you develop the mix of policies to provide you the greatest benefit while still being competitive in your industry.