PERIOD END REPORTING SERVICES
*These services are typically performed on a monthly basis:
- Management reporting in “dashboard” format. Content customized per Client
- Financial statement preparation, with easy-to-understand written interpretations and analysis
- Budget reporting(budget vs. actual, variance analysis…)
- Key Performance Indicator & Ratio analysis and reporting
- Break-even point, Safety margin, and Contribution margin analysis
- Working capital & cash flow analysis & written explanation of period cash flow elements
- Cash flow vs. operating income
- Receivables analysis
- Capital reserves analysis
- Written summary of all financial analysis done per period
- Provide management with information vital to the decision-making process
- Trend/comparative analysis(period to period, industry comparisons)
- Division/Branch reporting and reporting data segregation
- Annual reviews, or assessments of the business’ general condition and threats to sustainability
BUDGET MANAGEMENT & FORECASTING
The term “Budget” is often misunderstood to simply mean “cost cutting”. A budget is actually a “Spending plan” or “resource utilization planning & monitoring tool”.
According to Wikipedia, the purpose of budgeting is to:
1. Provide a forecast of revenues and expenditures i.e. construct a model of how your business might perform, financially speaking, if certain strategies, events and plans are carried out.
2. Enable the actual financial operation of the business to be measured against the forecast.
Our budget management services include:
- Budget development, implementation & updating as required
- End-of-period budget reporting, variance analysis
- Sales, expense & financial statement budgeting/forecasting
- Cash flow budgeting/forecasting
- Capital budgeting/forecasting
- Interim performance measurement, variance analysis & reporting
- Adverse scenario forecasting(recessions, loss of contracts, etc.)
- Borrowing requirements forecasting
- New contract cash flow and borrowing requirements forecasting
- Facilitate program results communications to key participants
FINANCIAL ANALYSIS
- Financial Ratio analysis
- Key performance indicator development and analysis
- Break-even & safety margin analysis
- Contribution margin analysis
- Major expense category analysis
- Cost identification & analysis
- Job costing
- Feasibility analysis
- Project return analysis
- Cost/Benefit analysis
- Produce-or-buy analysis
- Lease or buy decisions
- Pricing analysis, strategy & decisions
- Product mix analysis
- Product line performance analysis
FINANCIAL PERFORMANCE OPTIMIZATION OF
- Profit
- Cash flow
- Resource utilization
- Company value
WORKING CAPITAL / CASH FLOW MANAGEMENT
- Cash flow analysis and optimizing
- Key driver (of cash flow) identification and optimizing
- Cash flow forecasting & planning
- Cash flow “Smoothing”(minimization of cash flow variance)
- Borrowing requirements forecasting
EXTERNAL REPORTING & RELATIONSHIPS
- Business plan preparation & supporting financial forecasts
- Optimize presentation of financial statements
- Loan applications
- Insurance company reporting
- Audit preparation, coordination
- Independent review of insurance company audits
- Agency reporting
- Fair Market Value Balance Sheet Presentation
- Manage relationships with banks, insurance carriers, government agencies and other stakeholders
EXCEL MODELING, TOOLS & SOLUTIONS
- Budget models & reports
- Forecasting models
- Capital reserves management tool
- Cash management tool
- Purchase order management tool & log
- Fuel management & security tool
- Asset life cycle management
RISK IDENTIFICATION AND MANAGEMENT
- Monitor & manage existing/known risks
- Identify and manage hidden risks
- Minimization of cash flow variance and unintended borrowing requirements
FINANCIAL & ACCOUNTING POLICY DEVELOPMENT
- Internal control systems & procedures
- Cash management
- Capital reserve policy and management
- Retention of earnings
- Capitalization (debt vs. equity)
- Exit strategy, and related policies to fulfill same
ASSET MANAGEMENT
- Asset life cycle planning
- Capital budgeting
- Lease/buy analysis
OTHER SERVICES
- Insurance renewal bid process oversight
- Management services(see separate page)
- Business valuation
- Merger and acquisition support
- Exit Planning
- Turnaround management
- Financial literacy training
- Meeting facilitation
