Knowing how much cash you have and where and when you will have to spend it is vital to running any business. We can complete a cash analysis to answer these questions and give you options for accessing additional funds.
Our cash flow projections begin with a historical look back to understand where your cash has previously gone. We then prepare projections from the very short term to the long term and design a strategy to meet the identified needs.
If there are hurdles discoved in your cash management policies we can help you fix them whether that means gaining access to a line of credit or redeveloping receivable collection policies. If you have cash on hand, we can help with options for making the most use of it.
Guidance towards growth
Growing starts with a plan and we will help you create one. Not only do we create budgets, but we plan for capital purchases and product / service expansion. We conduct profitability and trend analyses to determine product / service line profitability and make recommendations for growth. We analyze profitability on a company basis, product line basis and even at a per job level.
Once a plan is set we monitor it and have regular meetings with you to ensure the business stays on track and adjustments are made as needed. If your plan requires financing or additional insurance we will liaise between you and other professionals including bankers, attorneys, vendors and insurance agents.
Policies and Procedures
Custom designed procedures and policies combined with an accounting department manual work great at both lessening the likelihood of embezzlement and ensuring staff follow best practices. We can help develop policies from scratch or observe what you currently have in place and make suggestions for improvement. Along the way we establish strong internal controls and segregation of duties to help safeguard your profits.
Once agreed upon procedures are developed we are happy to help with ongoing training and managing your accounting staff.