The first step in taking control of your financial story is to take a snapshot of your current financial situation.

Find Out What is Working...

More Importantly Find Out What is NOT and FIX IT!

Finding ways to improve your business' performance by looking at how effectively your current accounting systems are working.

This critical step forms the foundations for powerful managerial accounting.

  Audit - Highest Level of Analysis

We understand how important it is as a business owner to know the true financial state of your business.  Our business assessment takes an in-depth look at the accuracy of your financial information, how your books are set up to track your goals and what systems you have in place to support profitable operations.  This assessment provides you with a powerful picture celebrating your strength and offering solutions for each weakness or problem are we discover, giving you the tools you need to make business decisions with confidence!

We begin our service process by reviewing any legal documents that affect how your accounting and bookkeeping system ought to be set up.  From there we learn about the dynamics of your business--products and services offered, workflow, delivery, pay categorizations, etc. Once we have a strong grasp of your business we draft your comprehensive Assessment report and work proposal which serves as a foundation for our professional relationship.

Our Assessment includes, but is not limited to the following tasks:       
  A Comprehensive Report...

  Reviewing organizational documentation and business plan discussing how your accounting program should be set up in accordance with your current structure and goals

  Detailing whether your existing accounting records are a true and accurate representation of your company's financial state based on the information your provide

  Analyzing both the strengths and weaknesses in your current accounting system and offering recommendations for improvement

  Confirming financial records are reconciled with current bank, credit card, and loan accounts and with the previous year's tax returns

  Reviewing accounting software set-up to determine utilization and overall effectiveness

  Analyzing employee and sub-contractor records for tax reporting purposes

  Scrutinizing sales tax compliance, reporting processes and accuracy of software setup

And Here is What You Receive - A Work Proposal that...

Defines the specifics necessary to setup, catch up and/or clean up your existing accounting records to facilitate your business management needs including cost and timeline for completion

  Defines how we may take away some or the entire burden of maintaining your books so you can concentrate on meeting your business goals and growing your business once your existing records and bookkeeping/accounting processes are in good order.

  Documents a detailed suggested training you may need in software and/or systems set up.

  We Are Not Done Yet - A Follow-Up Consultation

  The Financial Records Assessment includes an in-depth Follow-Up Consultation to discuss the results of the assessment report and a proactive plan of action.

 
Review - Lower Level of Analysis

Sometimes it is determined that it is necessary to start our work with only a quick review on the accuracy of the financial records so we may determine a quick start plan to catching up past work that is needed for a specific tax deadline.  Or, your business is just starting with little or no financial transactions to review and therefore our focus is on learning what we ned to set up an accounting system and to get you off on the right foot with your immediate goals. As your business grows we can assist you with new situations such as employees, sales tax and long-term strategic plans as they arise.  Another reason for a shortened review may be that you are winding down your business and simply need help with its closure.

Our Review includes, but is not limited to the following tasks:

An Abbreviated Evaluation can include...

  In-depth conversation with business owner to understand their immediate needs

  Confirmation that financial records are reconciled with current bank, credit card, and loan accounts and with the previous year's tax returns

  Review existing accounting software setup for key functions such as sales tax reporting, inventory tracking or POS integration

  Research and recommend accounting software options for new companies

And Here is What You Receive - A Work Proposal that...

Defines the specifics necessary to setup, catch up and/or clean up your existing accounting records to facilitate your business management needs including cost and timeline for completion

  Explains how we may be able to take away some or the entire burden of maintaining your books so you can so you can concentrate on meeting your business goals and growing your business once your existing records and bookkeeping/accounting processes are in good order.

  Documents a detailed suggested training you may need in software and/or systems set up.

We Are Not Done Yet - A Follow-Up Consultation

  The Financial Review includes an in-depth Follow-Up Consultation to discuss the results of the evaluation and a proactive plan of action.

Which Report Should You Use?

Each type of financial assessment or evaluation suits specific circumstances, depending on each individual business owner's particular situation, as well as meet budgetary needs.

Understanding each report's unique strengths and weaknesses can help you choose the most appropriate one. Please call if you have questions about which type of report is right for you.