Ecclesia Accounting Solutions, LLC, Controller/CFO Services clients are generally long-term customers for whom we provide some or all of the below services. We generally spend a lot of time with new customers over the first few months developing a financial model of your business and creating systems to ensure smooth and simple financial management going forward. After this is done we typically work between five and twenty hours per month consulting for clients in one or more of the following. Prepare Financial Statements It is critically important that small businesses understand and use financial statements. While most businesses do create financial statements in order to prepare tax returns or to file loan applications, the real benefit financial statements can provide is that they can help you run your business better. Preparing financial statements that are useful to your management team is one of the key Contoller/CFO Services Ecclesia Accounting Solutions, LLC provides. Assist with Forecasting More important than understanding how your business has performed in the past is having a firm grasp on how your business is likely to perform in the future.  In fact, the main reason to think about what has happened in the past is to gain insights as to what is likely to happen going forward. As your part-time Controller/CFO, Ecclesia Accounting Solutions will assist you with forecasting both revenues and expenses. We could not claim to be providing Controller/CFO Services if we didn't. Prepare Management Reports such as: Customer Analysis Reports Most companies know who their biggest customers are. What is more important, however, is knowing who your most profitable customers are. Therefore, one of the Controller/CFO Services we provide is creating reports that make it easy for you to analyze your customers. Of course, in order to create a report with useful information, it is necessary that processes are in place to make sure this useful information is available. To this end, much of the initial work we do with our customers is helping them to set up systems that make it easy to gather relevant information. And don't worry: this does not mean more work. Efficient systems mean less total work. Analysis of Major Expenses As important as knowing where your cash is coming from is knowing where your cash is going to. It is especially important to understand exactly how specific expenses are contributing to the overall profitability of the company. One of the Controller/CFO Services Ecclesia Accounting Solutions, LLC provides is helping you to understand your expenses and to figure out which expenses should be most closely monitored.   Budgeting Reports Budgeting can be one of the most difficult tasks your management team has to perform. Unfortunately, it also one of the most important. Inaccurate budgeting can lead to harmful decisions and even the demise of your company. It is impossible to provide Controller/CFO Services without addressing budgeting, and so we work with all of our customers to make sure they are considering all the possibilities that can effect both revenue and expenses, and that they are budgeting accordingly.   Cash Flow Reports Cash is king. Knowing how much you have, how much you need, what to do with excess cash, and what you will do if your cash runs out is essential. A key part of Controller/CFO Services is assisting clients with managing cash effectively. Manage Accounts Receivable and Accounts Payable Every successful business collects revenue and pays bills. Doing so efficiently and in a manner that makes it easy to analyze your business will separate you from your competitors. Managing accounts receivable and accounts payable is where finance starts, and one of the most important Controller/CFO services Ecclesia Accounting Solutions, LLC provides is making sure our customers are performing these tasks efficiently and effectively. Prepare Presentations for Management and Company-wide Meetings As your part-time Controller/CFO, we work with you to create custom reports for different purposes. Your success is important to us!