Services Offered by Consystent
Year-End Priorities and Services
Get ready for next year and the effects of the worsening recession
- Start with a Cash Flow Forecasting model. This will ensure your organization will have advance warning and, therefore, time to deal with any upcoming 'cash crunches.'
- Prepare for annual Audit and Tax Returns; finalize the accounting and financial statements for the Auditors and the Tax Return preparer. This can significantly speed up the process and minimize total fees.
- Review your Tax situation, facilitate actions that can be taken during the remainder of the year to minimize your company’s taxes and prepare for next year. Be sure you only pay the minimum taxes required.
- Prepare your Business Plan – Operations and Financial – for the upcoming year, including;
- Sales
- Costs of Sales (Cost of Goods Sold, Cost of Services Sold)
- Selling, General and Administrative (SG&A) costs
- Other costs
- Profit
- Taxes
- Net Income
- Budgets – Company, Division, Department, etc. – by product/service line, by type of cost – by month
A Business Plan is absolutely essential to running a business effectively and profitably. It puts structure into everything you and your management team (and their staffs) do and makes possible the tracking of actual performance against Plan and Budgets. |
Specific Services Offered
Finance Services
Reporting
External
- Bank(s), Lender(s), Auditors, Governmental
Internal – Management
- Actionable data in logical, easy-to-understand formats
Debt/Loans/Receivables Factoring
- Review/Analyze Debt and Interest levels
- Prepare Financials, other data for and assist with new Loans, re-fi(s), and/or increased amounts
Equity review
- Stock, APIC, other Equity items
- Prepare Financials, other data for and assist with Stock sale / IPO
Business Planning
- Prepare Business Plan and Update
Budgeting
- Prepare Budgets by Department and Type of Cost - by month
Forecasting
- P&L, Balance Sheet, Cash Flow
Financial Analysis – locate potential cost savings
- Review/Analyze Cost of Goods/Services Sold
- Review/Analyze Overhead, Selling, General & Administrative (SG&A) Costs
Tax Review
- Review prior year TRs for potential refunds and future savings
Benchmark your organization’s performance
- Calculate various Performance metrics and ratios measuring liquidity, profitability, performance and efficiency – compare against similar companies in your industry. Recommend/implement strategies for improvement.
Accounting Services
Infrastructure Functions
- Invoicing
- Accounts Receivable (AR), Credit and Collections
- Accounts Payable (AP)
- Payroll (PR)
- Fixed (Capital) Assets / Depreciation
- Inventory and WIP, accounting for
- Month-End Closing – organize, processize, systematize and accelerate
- Review/Evaluate (R/E) accuracy (all above areas)
- R/E efficiency (all above areas)
- R/E Policies and Procedures (all above areas)
- Financial accounting (General Ledger) – Complex Transactions, Revenue Recognition – per GAAP
- Cost accounting – Actual Cost of Products produced/delivered and Services delivered
- Prepare for and support Audits, Compilations or Reviews by outside CPA Firm (saves time and minimizes total fees)
- Internal audits; financial, management, operational - find ways to improve how your oganization functions
Industry-Specific Services
Industry-Specific
Technology Companies (software/electronics/telecom/bio-pharma)
- Revenue recognition, GAAP-compliant
- R&D – expense vs. capitalize
- R&D Tax Credit – Maximize benefit/minimize taxes
Federal Government Contracting
- CAS / FAR / DFARS – Federal Government Contracting regulations
- Disclosure Statement, CAS, FAR, compliance reviews
- Rate/ICE submission preparation – Labor/Indirect rates and costs
- DCAA Audit Support, Timecharging compliance
Miscellaneous Services
Other Services
Business Systems
- Accounting/ERP/ERM – Needs determination, Evaluation of Alternative Systems, Selection, and Implementation
IT / IS
- Review/evaluate effectiveness of Networks/ Systems
- Review/evaluate effectiveness of PC support
Human Resources
- Benefits Review/Cost Analysis
- Policies/Procedures – E.G.; Annual Performance Reviews, Employee Handbook
Contracts Administration
- Policies and Procedures to protect the company's positions
Legal
- Interface with outside counsel
Purchasing (and Subcontracts)
- Policies and Procedures to consistently get best pricing
Facilities
- Review space usage and suitability for purpose vs. costs
Office Services and Support
- Review support provided vs. costs paid – e.g.; telephony systems, copiers, printers/faxes, etc.
The Consistent Financial Optimization Program
The Consistent Financial Optimization or “CFO" Program is a comprehensive, systematic approach to help you really understand your organization's financial performance and its ability to measure, monitor, and improve that performance across the entire organization. The program provides rapid and long-term benefits. Read more.. |