We offer both short-term projects or long-term support as a financial leader and service provider. Below is a list of products, tools, and assessments which can be deployed individually or in a bundle as needed in your business.
Financial Reporting System Review, Enhancement, and Implementation
The accounting system must be capable of delivering transparency and clarity for management. A full assessment of the Company’s reporting system including its chart of account structure, divisional structure, profit centers, and all other reporting dimensions is a critical function. We can work with you and your finance team to assure your system is delivering great financial reporting on a timely basis.
Where is the business generating profits and contributing to the bottom line, and where is it not? ASL can provide a deep dive into the profitability of product lines, customers, segments, geographies, and all costs associated with getting the goods and services into the hands of the customers. Understanding where a business generates its profits results in a better allocation of resources.
Cash is critical to every business.Understanding your cash position and managing the “sources” and “uses” of cash; daily, weekly, and monthly, should be a top priority. Do you have the systems and procedures in place to do this? If not, you run the risk of running out of cash, even if you are operating a profitable business. By putting the proper tools in place, you can better manage and maintain a positive cash flow.
Cash Flow Management
Forecasting, Budgeting, and Planning
These critical tools and activities will allow you to make better decisions and be more proactive about your business. Do you have a forecast and budget for your business? If not, then you need to institute a forecasting, budgeting, and planning (FB&P) process, which is critical to achieving your business goals and objectives. This requires understanding the strategies and long-term goals of the enterprise and requires a process of gathering data and feedback from all department leaders and key personnel.
FB&P is not a once a year activity, but a dynamic and continuous process of evaluating results and recalibrating forecasts and budgets. If your business does not have an FB&P process then the success of your business is like a “ship without a rudder”; directionless. ASL can assist you with helping to define your objectives, reflecting them in a financial forecast and measuring your progress every month.
Cash Flow Management
Cash is critical to every business. Understanding your cash position and managing the “sources” and “uses” of cash; daily, weekly, and monthly, should be a top priority. Do you have the systems and procedures in place to do this? If not, you run the risk of running out of cash, even if you are operating a profitable business. By putting the proper tools in place, you can better manage and maintain a positive cash flow.
Understanding and using various methods of calculating a “return” can be confusing and complicated. ASL offers
in-depth assistance and education on various types of return calculations, what they tell the business owner, and how they can be used for maximum output and optimal results.
Key Performance Indicator Dashboard Development
Do you know the 5 key performance indicators for your business, are they calculated and easily published and displayed to everyone who should be viewing them? Every business has key indicators which highlights to management if the business is moving in the right direction. Often this data is hidden within the accounting system and is not easily extracted and published on a routine basis. ASL can help you identify the information, extract it, and publish it in easy to understand formats and dashboards.
Tax Compliance and Planning
As the old saying goes “nothing is certain but death and taxes.” As a business owner you know the latter is true, it includes all types of taxes; income, sales, payroll, personal and real property to name a few. Being compliant and timely is the only option in order to avoid onerous penalties and interest. Planning and adjusting strategies to minimize all taxes is something you can proactively do with the right advice. We can help you save on taxes and assure you file your returns timely and accurately.
Due Diligence for Acquisitions and Divestitures
Are you considering buying a business or selling yours? You need someone to provide comprehensive due diligence on the target business, or your own, to assure you fully understand all the strengths and weaknesses of the enterprise. ASL will take a deep dive into all aspects of the business, including its people, customers, vendors, legal commitments, and professional relationships to name a few. Let me assist you in making an informed decision by implementing a proven due diligence process before you pull the trigger.
Capital Structure Analysis
What is the optimal capital structure for your business model? What is your total cost of capital? The process of evaluating and implementing the best capital structure can be difficult and time-consuming. It starts with an understanding of the various types of capital and how and when to use each. Using debt and equity incorrectly can be a costly mistake. Developing a strong relationship with your banker is an important aspect of installing an optimal capital structure. Let us work with you and your lender to put the best possible capital structure in place for your business to grow, prosper, and not run short on funds.
Can you identify the critical workflows associated with your business operations? Clearly identifying and documenting workflows will result in the ability to eliminate waste and improve efficiencies across all aspects of your business. By creating a “playbook” for all critical workflows the process of onboarding new employees and accelerating their productivity is greatly enhanced. We can work with your team to help sort out and document workflows with the goal of eliminating waste and improving operational efficiencies.