There’s a saying, “If you don’t know your numbers, you don’t know your business!” If all you monitor is your checkbook balance, it can be difficult to know ahead of time when slumps are on the way, whether you need to (or should) take out a business loan, or when you can afford to take some extra cash out for that vacation or other personal needs. Not to mention understanding if cash flow will support hiring more employees, making major purchases, or expanding the business.
If you want to run a successful business, and especially if you’re trying to take it to the next level, it’s critical to understand what your financial statements are trying to tell you not only at year end, but also throughout the year. Used properly, they become an important management tool to not only understand where you’ve been, but also help make decisions moving forward.
Just as you would go to a doctor for medical needs or an attorney for legal advice, we as CPAs and accounting professionals can help you develop a workable and effective accounting system, and then use that information in ways that can make a real difference:
- Financial Statement Ratios and Analysis
- Industry Comparisons, Benchmarking
- Financial Forecasting, Budgeting
- Cash Flow Projections, Management and Improvement
- “What if” scenario analysis
- Identify, measure and track Key Performance Indicators (KPIs)
- Expense Management
- Identify profit leaks
- Outsourced CFO Services
- Support, supervise, hire or train internal bookkeepers or accountants
- Bank loan applications and presentations
- Business purchase Due Diligence
- Special projects
To make sure you have reliable numbers to work with throughout the year, we can also assist with various accounting services and QuickBooks support from Certified ProAdvisors.
Our financial advisory services can provide a great return on investment for your business, not only financially to the bottom line, but with intangible benefits as well, such as peace of mind, reduced stress, improved workflow, happier and more engaged employees, and, ultimately, achieving the lifestyle you went into business to get in the first place. If you would like to have a conversation to learn how we could help you take your business to the next level, please contact us to schedule a brief no-obligation appointment.