SERVICES
(AVAILABLE AS NEEDED)
Accounting and 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 and 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 and 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 a COMPLUS 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. There are better sources for Tax Preparation services. Quite often a prospective client will have an established relationship with a Tax Preparer (with whom we choose not to compete). Furthermore Tax Preparation is a specialty demanding more volume of continuing education than is justifiable for us in addition to that required for the services identified above.