Making the financial side of your
business easier...
Focus on what you do best, and let us focus on what we do best.
. .
Most
all businesses need the skills of an experienced CFO to
organize, oversee and monitor the financial information system
and report financial data.
Outsourced CFO services
include:
Prepare
financial statement analysis The
financial statement analysis includes a CFO Dashboard
with key financial highlights and key indicators
documenting how the company is doing relative to other
time periods, budgets and industry statistics.
Prepare financial
statements that are materially consistent with GAAP
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.
Prepare
budgets and cash flow forecasts
Budgets and cash flow forecasts are ‘future’ looking
assessments of expected financial outcomes. These
provide management with a means to strategically plan
and make business decisions on a proactive basis, rather
than reactive. Budgets and forecasts also provide data
to compare actual results for purposes of team members
being accountable to actual results relative to
expected.
Identify and
resolve data entry errors
The review process and analysis performed by our
personnel also identifies data entry errors. And, we
provide instructions on how to correct the errors.
Design and
oversee financial information system
The financial information system includes the accounting
system, like QuickBooks or Timberline, as well as the
review, approval, filing process, etc. for all financial
related documents.
Manage
insurance procurement
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.
Communicate
with banks or bonding companies
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.
PEO
Evaluation
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.
