Budgeting: Takes client data and forecasts results of operations based on assumptions relative to an individual or company’s income and expenses for a specified period in the future. You can show your clients how to gain better control over their business by preparing budgets for cash flow and profit planning and using these vitally important management control tools.
Cash flow analysis: Provides a review of the timing of cash receipts and payments. Often, opportunities exist to implement procedures that will improve cash flow. This engagement focuses on the identification and implementation of these procedures.
Go beyond the budgeting process to help your clients interpret periodic reports. These reports include detailed Key Performance Indicators that apply to each of the critical areas of a business such as contract margins, product line margins and specific equipment profitability analysis.
Reports should be reviewed with the client monthly, and the client’s operating plan should be reviewed every quarter.
How It Benefits the Client:
Allows the individual or business owner to estimate future financial performance by examining and analyzing available information. These are often vital tools in working with lenders to obtain additional financing or lower rates.
The cost of money (interest) is often a significant financial factor to clients. This cost includes missing interest income opportunities as well as incurring interest expense. We focus on maximizing the efficiency of a client’s cash flow cycle.
