|
Deliverable |
Description |
Base Fee |
| Financial
Package |
The Financial
Package includes a CFO Dashboard with key financial
highlights with key indicators documenting how the
company is doing relative to other time periods, budget
and industry statistics.
The financial
statements include appropriate expense and income
accruals as well as percentage of complete income
recognition where appropriate. A cash basis or tax basis
financial statement typically does not provide a
meaningful representation of financial results or
condition. For construction companies, we provide
work-in-process schedules with percentage of complete
revenue along with earnings in excess of billings and
billings in excess of earnings.
-
Dashboard
-
Key Item narrative
-
Balance sheet
-
Operating statement
-
Comparative monthly operating
statement
-
Cash Flow statement
- Work-in-process schedule for
construction industry businesses
|
Monthly - $2,000
 |
| Process
report |
A report that documents
data processing errors identified and resolution
process. |
Fee is included in the
Financial Package |
| Operating
budget |
Initial set-up of
operating budget that is based on historical results,
projected results, etc. |
Annually - $500 |
| Cash flow
forecast |
Initial set-up of cash
flow forecast. Often, this forecast is done in addition
to the operating budget. |
Annually - $250 with
operating budget,
$500 without |
| Information
system assessment report and recommended enhancements |
We assess the existing
information system in place report on the system as well
as recommended enhancements. |
One-time - $3,000 |
| Policies and
procedures manual |
Policies and procedures
manual documentation for significant system processes.
This is a must for a sound financial accounting system. |
One-time - $1,000 if
information system assessment is done, $2,000 without
information system assessment |
| Insurance
management |
General liability,
workers compensation, EIFIS, professional liability,
builders’ risk, employment practices are just some of
the insurance types that a business either carriers or
should consider. In order to assist our clients manage
risk and manage insurance options, we:
-
Gain an understanding of your
business, including contract types and business
risks.
-
Then, we assess the way the business
classifies employees for general liability and
workers compensation purposes.
-
The employee job descriptions are
also evaluated to correlate actual work duties
performed and classification.
-
We also prepare request for proposals
to solicit competitive pricing options.
-
We evaluate the responses and provide
recommendations.
|
Annually - $3,000 |
| PEO
assessment and recommendation |
A PEO (Professional
Employer Organization) is an option that we will discuss
with you and evaluate the costs/benefits. The evaluation
will consider your organization, industry and other
factors. A PEO processes all payroll checks, tax
deposits and tax filings. In addition, a PEO solution
includes discounted workers compensation insurance. |
No fee |
| Bank or
bonding company communication |
We can assist your
company interpret financial information to your bank or
bonding company when financial information is presented
for maintaining or obtaining credit from a bank or
getting payment and performance bonds. |
Varies, depending on
frequency, nature of communication, etc. |
