Phase 1: Explore & Investigate 

Step 1: Update all the Bookkeeping

We begin the process with bringing your bookkeeping up to date, making your numbers USEFUL to you.  While we’re entering data, reconciling, and repairing, we’ll deep-clean the books and clear out the cobwebs.  We’ll quickly learn the flow of your money, things like which vendors you use, when recurring expenses are due, how often payroll is run, how customers pay you, what credit cards you have, where your car payment gets sent to, and so on.  We’ll order printer checks for your operating account, get a signature stamp in order to pay bills at your discretion. We’ll get your online login credentials for online banking, vendor payments, company credit cards, payroll, and everything else.  

Step 2: Improve Cash Flow 

Improving cash flow with some simple techniques can quickly relieve some stress and energize your entire company.  Cash flow is vital for survival and we’ll immediately advise on techniques that can help you out. The trick is to speed up the cash inflows and slow the cash outflows. We’ll target collection efforts on past due customers, reduce billing times, and renegotiate vendor terms wherever we can. 

Step 3: Implement Oversight for Management

Transparency is essential to our work and we want you to keep an eye on us.  The Cash Report is a daily email that gives you a snapshot of how much money you really have, upcoming payments, how much you’re owed, and several other useful metrics and ratios.  The main purposes are oversight and to highlight the key financial measures you need to run your business. It. You’ll have real-time, personalized financial data sitting in your inbox.