Professional Controllers...
The Issues - Accounting information is the lifeblood of your company. To be valuable it must be timely and accurate.  Without numbers, you will run your company as if you were blindfolded. To get good accounting takes talented people. Large companies seem to have the money to hire all the talent and buy all the equipment they want. Owners of small companies may think they don't. 

The Problem - Financial information is too late or inaccurate to be useful. You suspect that your office manager or bookkeeper cannot, without experienced direction, perform at the level you really need. At the same time you may believe that you don't have enough money to hire even one accountant with the experience and sophistication you know you need.  A dilemma??? Maybe not.

The Solutions - Our idea is a simple one, to provide for your business an experienced, part-time controller and financial manager. A seasoned professional will work with you, as much or as little as needed, to infuse the financial and systems savvy you want and need to prosper. We expect to be your ally and part of your competitive advantage.

Accounting & Financial Reporting Functions

Preparation/Review of:

• Monthly Financial Statements

• Balance Sheet

• Income Statement
• Cash Flow Statement
• Management Information
• Actual versus Budget variance report
• Current versus prior period reports
• Accounts Receivable Aging & Days Outstanding reports
• Accounts Payable Aging & Discounts taken/lost reports
• Cash Balances Available and Float reports
• Inventory Turnover and Shrinkage reports
• Detail Property & Depreciation reports
• Job Cost/Cost Accounting reports
• Staff Wage, Tax & Benefits Cost reports
• Product Line Profit Contribution reports
• Sales & Commission reports
• Financial/Operating Ratios
• Other customized Management reports

Financial Management Functions

• Establishing/Monitoring Accounting & Reporting Systems & Procedures
• Inventory Control Systems
• Cost (Job, Standard, Process, Activity Based, etc.) Systems
• Supervision, Review, Training & Evaluation of accounting staff
• Monitoring/Enforcing Internal Controls
• Bank & other reconciliations
• Recommendations regarding hiring & firing of accounting staff
• Utilization, Selection & Installation of computer software & hardware
• Liaison with External Auditors

 Treasury & Cash Flow Management Functions

• Preparing cash flow projections & cash flow plans/budgets
• Coaching and Assistance in:
• Monitoring/Accelerating collections
• Investing excess working capital
• Timing & control of payables
• Negotiating terms with creditors/lessors
• Establishing/managing line of credit
• Establishing Lock Box Services
• Monitoring payroll tax compliance
• Developing customer credit terms policies
• Evaluating insurance coverage & premium costs

 Financial Planning & Analysis Functions

• Establishing Budget methods and procedures
• Preparing Budgets and Forecasts
• Analyzing Cost-Volume-Profit (Break-even) structure
• Analyzing Budget Variances
• Analyzing & Planning Product/Service profitability
• Evaluating New Products/Service Profitability
• Preparing Capital Budgets for Equipment Procurement
• Preparing “Make or Buy” Analyses
• Assisting Outside Tax Counsel
• Assisting in the preparation of Business Plans
• Investigating merger/acquisition candidates

 The above services are an example of what might be done by an IAS Professional Controller.  Not all services are appropriate in all circumstances.  There may be some other services that might be appropriate even though they are not listed above.  In a spirit of alliance with business ownership/leadership an appropriate set of tasks/duties will be defined for each client case.

 We do not sell “auditing” or “income tax” preparation services.  We are not “independent” as would be required by Generally Accepted Auditing Standards.  Quite often a prospective client will have an established relationship with a Tax Preparer (with whom we choose not to compete).