Accounting Support Services
Essential Support Services
1. Monthly Bookkeeping, Financial Monitoring, & Reconciliation
- Timely and accurate recording, monitoring, and reconciliation of your financial transactions.
- Maintain financial records with precision, ensuring they reflect your business's financial health.
2. Monthly Financial Summary
- Receive a concise monthly financial summary that offers a snapshot of your business's financial performance.
- Gain clarity on your income, expenses, and profitability.
3. Quarterly 1-Hour Financial Meeting:
- Four dedicated financial meetings per year, allowing for in-depth financial discussions and strategy planning.
- Discuss your financial goals and address any financial concerns or questions.
4. Unlimited Email Support
- Get prompt responses to your financial inquiries via email.
- Have your financial questions and concerns addressed as they arise.
5. Monthly 15-Minute Virtual Office Hour Session:
- Enjoy a 15-minute virtual office hour session each month for personalized financial advice and guidance.
- Discuss any financial matters and receive quick solutions or recommendations.
6. Access to Client Only Add-On Services
- Gain exclusive access to additional services and resources to meet your evolving financial needs.
- Tailor your financial support to match your business's growth and unique requirements.
Enhanced Support Services
1. Monthly Bookkeeping, Financial Monitoring, & Reconciliation:
- Timely and accurate recording, monitoring, and reconciliation of your financial transactions.
- Maintain financial records with precision, ensuring they reflect your business's financial health.
2. Monthly Financial Summary:
- Receive a concise monthly financial summary that offers a snapshot of your business's financial performance.
- Gain clarity on your income, expenses, and profitability.
3. Unlimited Email Support:
- Get prompt responses to your financial inquiries via email.
- Have your financial questions and concerns addressed as they arise.
4. Monthly 15-Minute Virtual Office Hour Session:
- Enjoy a 15-minute virtual office hour session each month for personalized financial advice and guidance.
- Discuss any financial matters and receive quick solutions or recommendations.
5. Bi-Monthly 1-Hour Financial Meetings:
- Six additional 1-hour financial meetings throughout the year, offering more opportunities for in-depth financial discussions and strategic planning.
6. Accounts Payable Management:
- Involves handling vendor bills, scheduling payments, categorizing expenses, tracking invoices, communicating with vendors, and optimizing cash flow.
7. Accounts Receivable Management:
- Includes generating invoices, enforcing a credit policy, collecting payments, analyzing aging accounts, communicating with customers, managing bad debts, and optimizing cash flow.
8. Access to Client Only Add-On Services:
- Gain exclusive access to additional services and resources to meet your evolving financial needs.
- Tailor your financial support to match your business's growth and unique requirements.
Excutive Support Services
1. Monthly Bookkeeping, Financial Monitoring, & Reconciliation:
- Timely and accurate recording, monitoring, and reconciliation of your financial transactions.
- Maintain financial records with precision, ensuring they reflect your business's financial health.
2. Monthly Financial Summary:
- eceive a concise monthly financial summary that offers a snapshot of your business's financial performance.
- Gain clarity on your income, expenses, and profitability.
- Unlimited Email Support:
- Get prompt responses to your financial inquiries via email.
- Have your financial questions and concerns addressed as they arise.
4. Monthly 15-Minute Virtual Office Hour Session:
- Enjoy a 15-minute virtual office hour session each month for personalized financial advice and guidance.
- Discuss any financial matters and receive quick solutions or recommendations.
5. Accounts Payable Management:
- Involves handling vendor bills, scheduling payments, categorizing expenses, tracking invoices, communicating with vendors, and optimizing cash flow.
6. Accounts Receivable Management:
- Includes generating invoices, enforcing a credit policy, collecting payments, analyzing aging accounts, communicating with customers, managing bad debts, and optimizing cash flow.
7. Access to Client Only Add-On Services:
- Gain exclusive access to additional services and resources to meet your evolving financial needs.
- Tailor your financial support to match your business's growth and unique requirements.
8. CFO Advisory
- Financial Strategy and Planning
- Collaborative development of long-term financial strategies that align with your business goals and vision.
- Strategic planning for cash flow management, budgeting, forecasting, and investment opportunities
- Continuous Process Development/Restructuring:
- Ongoing evaluation and enhancement of financial processes to ensure maximum efficiency and compliance.
- Ongoing evaluation and enhancement of financial processes to ensure maximum efficiency and compliance.
- Performance Analysis:
- Regular assessments of your business's financial performance with recommendations for improvements.
- Regular assessments of your business's financial performance with recommendations for improvements.
- Budget and Forecast Development and Planning:
- Creating budgets and forecasts to guide financial decisions and strategic planning for your business's future.
- Creating budgets and forecasts to guide financial decisions and strategic planning for your business's future.
- Risk Management
- Identification and assessment of financial risks that your business faces.
- Development and implementation of risk mitigation strategies.
- Strategic Financial Guidance
- Proactive financial advice on capital allocation, investment opportunities, and financing options.
- Assistance in mergers, acquisitions, and other strategic financial decisions.
- Operational Efficiency
- Evaluation of your operational processes and identification of opportunities for efficiency improvements.
- Recommendations for streamlining workflows and reducing operational costs.
- Business Growth Strategy
- Collaborative development of strategies for business expansion, market penetration, and revenue growth.
- Support in the assessment of potential business opportunities and market analysis.
- Examination of cost structures and recommendations for cost reduction.
- Analysis of pricing strategies and suggestions for maximizing profitability
- Management and Leadership Guidance
- Guidance on effective leadership, team management, and communication within your organization.
- Support for executive decision-making and leadership development.
- Technology Integration
- Assessment of financial software and technology solutions to enhance financial management and reporting.
- Recommendations for integrating technology to streamline financial processes.
- Customized Solutions
- Tailored solutions to address your specific business needs and goals.
- Adaptation of services to meet the evolving challenges and opportunities your business encounters.
- Weekly Check-In Calls:
- Weekly calls to address real-time financial concerns, provide updates, and ensure you're aligned with your financial goals.
Foundational Services
Financial Review and System Optimization
Financial Review and System Optimization
Financial Review and System Optimization
Are you ready to take full control of your business finances, align them with Generally Accepted Accounting Principles (GAAP), and make data-driven decisions for growth and profitability? Our Financial Review & System Optimization in package is designed to do just that. Our financial team works to create or clean up your current accounting system so business executives can get a complete picture of the current health of their organization, identify areas of improvement, and develop financial processes.
Key Features:
1. Thorough Financial System Examination:
- Set up or Comprehensive cleanup and review of your current accounting system to ensure it complies with GAAP standards.
- Precise reclassification of all Year-to-Date financial transactions for unparalleled accuracy and consistency.
2. Customized Financial Management Guidelines
- Personalized financial management guidelines tailored to your business's unique needs.
- Detailed analysis of your product/service pricing for maximum profitability and market competitiveness.
3. Strategic Financial Goal Development
- Collaborative goal-setting sessions to align your financial objectives with your business vision.
- A clear, actionable roadmap to guide you toward your most ambitious financial milestones.
4. Comprehensive Financial Reporting
- In-depth Full Year-to-Date Financial Summary Report, providing a profound understanding of your financial performance.
- Regular, exclusive insights into your financial health and tailored recommendations for improvement.
5. Strategic Meetings
- An immersive 1-hour onboarding meeting to deeply understand your business and financial goals.
- Two comprehensive 1-hour financial performance review meetings for in-depth assessments, addressing questions, and making data-driven decisions.
- A focused 30-minute Wrap-Up meeting to review follow-up items, fine-tune future financial strategies, and ensure you're on the right track.
Benefits:
- Gain absolute confidence in the accuracy and GAAP compliance of your financial data.
- Make informed pricing decisions for maximum profitability.
- Chart a path to financial success with personalized, data-driven goals.
- Receive expert guidance for strategic financial decisions.
- Enjoy transparent, proactive communication at every step.
VIP Financial Mastery Intensive
Financial Review and System Optimization
Financial Review and System Optimization
Our VIP Financial Mastery Intensive is a highly personalized program designed for business owners and executives who seek a deep understanding of financial management. This intensive program consists of two 4-hour one-on-one sessions, where you will receive tailored guidance and insights on various financial aspects critical to your business's success. This program is particularly well-suited for business owners who want to learn how to manage their own financials or maintain the accounting functionality in-house. Here are the details of what these sessions entail:
Session 1: Financial Fundamentals and QuickBooks Mastery
Part 1: Setting Up Your Company Correctly
- Legal Structure Review: An analysis of your business's legal structure to ensure it aligns with your goals and complies with regulatory requirements.
- Tax Structure Examination: Evaluation of your tax structure to maximize tax benefits and minimize liabilities.
- Document Filing Guidance: Assistance with necessary document filing, such as articles of incorporation or operating agreements.
Part 2: Navigating QuickBooks
- QuickBooks Setup: Step-by-step guidance to set up and configure QuickBooks tailored to your business's needs.
- Account Creation: Creation of custom accounts and categories for precise financial tracking.
- Chart of Accounts: Development of a comprehensive chart of accounts to ensure accurate transaction recording.
Part 3: Best Practices in Accounting
- Accounting Best Practices: Discussion of industry-specific best practices for accounting, ensuring accuracy and compliance.
- Internal Controls: Implementation of internal controls to safeguard your financial data and assets.
- Expense and Revenue Recognition: Strategies for proper recognition of expenses and revenue for accurate financial reporting.
Session 2: Transaction Recording, Financial Reports, and Productivity Enhancement
Part 1: Proper Transaction Recording
- Recording Transactions: Hands-on training on how to accurately record various types of financial transactions, including sales, expenses, and payroll.
- Bank Reconciliation: Guidance on reconciling your bank statements with your financial records for precision.
Part 2: Understanding Financial Reports
- Financial Reports Interpretation: Comprehensive explanation of key financial reports, including income statements, balance sheets, and cash flow statements.
- Ratio Analysis: Interpretation of financial ratios for performance evaluation and decision-making.
Part 3: Add-On Features for Enhanced Productivity
- QuickBooks Add-Ons: Discussion of QuickBooks add-on features and applications that can streamline your financial processes, increase productivity, and provide deeper insights into your business.
- Integration Strategies: Strategies for integrating third-party tools and software for comprehensive financial management.
Each session is highly interactive and tailored to your specific business needs and industry. By the end of the VIP Financial Mastery Intensive, you will have a comprehensive understanding of your financial structure, the ability to effectively navigate QuickBooks, employ accounting best practices, and harness the power of financial reports to drive informed decision-making. This intensive program empowers you with the knowledge and skills needed to achieve financial mastery and success in your business, especially if you aim to manage your own financials or maintain in-house accounting functionality.
Client Only Add-on Services
These services are ONLY available to CURRENT Touche Financial Solutions clients
- 1 - Hour Financial Meeting
- Tax Services
- State Sales Tax Filing
- Commercial Activity Filing
- Annual Income Tax, Planning, & Filing