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Attest
Bookkeeping
Business Valuation
CFO/Controller
on Call
Management Advisory
New or Start-up Business
Tax
- Business
Tax - Individual |
Where is your
business today?
The first step in actively managing the future direction of your business is to be able to make decisions based on where your business is today.
Hutchison & Gray, PLLC can help you turn your financial data into timely and relevant information you can use today to make your business more profitable.
The following services are designed to provide you with a
cost effective means of receiving up-to-date financial
information: |
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Monthly Write-Up Service
Controller on Call Service
Business Consulting Service
Monthly Write-Up Service
You can choose whether to spend your time handling your daily bookkeeping or
building your business or creating memories with your family. If you would rather be out living your life, then the
Monthly Write-Up Service may be right for you.
We understand that proper bookkeeping and accounting is one of the most tedious tasks in running a business, yet it is one of the most important. Why? Because the three most common reasons small business fail are:
1. Lack of bookkeeping and accounting
2. Undercapitalization
3. Commingling of business with personal finances
Many micro or home based business owners simply lack the time, understanding or the tools to maintain proper accounting records. Fortunately, financial guidance and understanding are part of our
Monthly Write-Up service.
How it works. You provide your typical financial transactions check stubs, deposit slips, statements, revenue sheets, and other records. We provide you:
Bank reconciliations for each bank account
Statements of Assets, Liabilities, and Owners Capital
Profit and Loss (P&L) Statements
General Ledger showing the transactions behind your financial statement balances
Payroll register showing information on all employees
Unlimited consultation to help you understand your financial information
Contact us for your free initial consultation on how the Monthly Write-Up service can benefit you.
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Controller on Call Service
When your business grows to a point where the quantity of transactions require a bookkeeper onsite our
Controller on Call service may be right for you.
The Controller on Call service is a natural progression from the
Monthly Write-Up service for a growing business.
How it works. Your bookkeeper enters the typical day-to-day transactions checks, deposits, customer invoices, vendor invoices, and other records. We provide you:
Management of the financial and tax accounting and reporting function.
Accurate and timely preparation of financial statements and other management reports on a consistent basis
Reconciliation of the general ledgers, sub-ledgers, and adjusting entries.
Management of accounts receivable and collection.
Management of accounts payable and vendor payments
Inventory accounting and management
Maintenance of the property, plant, and equipment records and capital investment reporting.
Unlimited consultation to help you understand your financial information
A full-time controller providing these services could cost you $60,000 or more per year. The good news is most small businesses do not need a full-time controller. We provide you with these services for only a fraction of the costs.
Contact us for your free initial consultation on how the Controller on Call service can work for you.
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Business Consulting Service
You may think if there is money left over at the end of each month, youve made a profit. However, that is not always true. Although you may be using an accounting system in your business youre probably not trained as an accountant, or to accurately decipher the information your system provides.
As part of the Business Consulting service each month your personal Business Advisor meets with the business owner to discuss the
Business Performance Report.
What is the Business Performance Report? Well, bankers love it and business owners use it to gain a better understanding of how their business is performing. The Business Performance Report consists of:
Key Financial Data charted by month
Condensed Historical Monthly Financial Summary
- Balance Sheet
- Profit & Loss (P&L)
- Cash Flow
Ratio Analysis
- Liquidity/Stability Ratios
- Profitability Ratios
- Overall Efficiency Ratios
- Specific Efficiency Ratios
Ratio and Trend Analysis in Plain English
Business Valuation Short Form1
Recommendations
Action Items
How it works. You provide Ash Hutchison, CPA with the financial statements you prepare or we use the financial statements prepared as part of the
Monthly Write-Up or Controller on Call services. This financial information is incorporated into the
Business Performance Report. The Business Performance Report is then used as a tool during the monthly consulting meeting to understand how well the business is performing compared to prior months, where the cash went, whether the value of the business increased or decreased, accounts receivable management, etc.
If you want to pursue faster growth and bigger profits then the
Business Performance Report is an excellent tool you can use to accurately decipher the information your accounting system provides and really understand what the numbers mean.
Contact us for your free initial consultation on how the Business Consulting service can work for you.
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