STRATEGY

MONTHLY FINANCIAL REPORTING REVIEW & PREPARATION

Working with either your accounting staff or using temporary staff where possible, Advance Finance will create a solution specific to your company’s needs:

  • Monthly, Quarterly & Annual Performance Analysis
  • Preparation of monthly financial statement presentation for management, BOD, Investors, Bank
  • Specific reporting based on your business to target problem areas and areas that may become problems in the future:
    • Gross Margin
    • General & Admin expenses
    • Inventory levels and turns
    • Accounts Receivable
    • Accounts Payable
    • Cash Flow

ROLLING 13 WEEK CASH FLOW FORECASTING

One of the foundation blocks of proper financial reporting:

  • Our 13 week cash flow models are dynamic. We are constantly tweaking the forecast as circumstances in the business change.  We also track variances to determine where the model works and where it needs improvement.
  • Key assumptions and methodologies are documented.
  • See potential shortages in cash before they occur
  • Manage Accounts Receivable, Accounts Payable to your current environment
  • Plan for accrued expenses and planned improvements/capex

MANAGEMENT OF YOUR ACCOUNTING STAFF

  • We monitor your staff to ensure continued performance
  • Mentoring of staff to allow for continued development
  • Evaluate staff to confirm proper level of expertise for a given position
  • Transitional staffing for unexpected loss of staff
  • Initial vetting of potential new hires, we present to you

PAYROLL SERVICES

  • Managing relationship of 3rd party payroll companies
  • Oversight of internal payroll processing including all state and federal filings