The world of finance is only getting more complex, and most small and medium-sized businesses simply do not have the experience, time, or knowhow to manage their finances effectively. AccountingMatters.com, an accounting and finance company, offers a seven point financial health evaluation as part of its service to help clients understand their current position and their potential risks.
The evaluation was design to look closely at the workings of a company and identify the strengths and weaknesses of its current situation. This information could then be used as a foundation for making better business decisions.
The seven point evaluation includes: (1) Account Setup and Implementation, (2) Budgeting, (3) Forecasting, (4) Risk Management, (5) Profit and Loss, (6) Cost/Benefit Analysis, and (7) Hiring Plans and Job Costing. Accounting Matters believes that with this simple system they will be able to evaluate, organize and consult on their client’s financial standing, and it will all be based on actionable data.
According to AccountingMatters.com, many small businesses simply don’t understand where their money is going. They don’t know exactly what it costs to run the company or exactly how profitable their current services and products really are. They focus so much on the activities that generate revenue that they often lose sight of the accounting issues that could be the difference between long-term success and financial ruin.
The evaluation was also made to complement the other services offered by the company, which include expense control, book keeping, financial analysis, and reporting. By working closely with their clients and consulting on the potential financial benefits or risks with certain activities, the company hopes to help more small businesses achieve their goals for success.
About AccountingMatters.com
AccountingMatters.com provides clarity into a company’s financial health and assists in making the most well-informed decisions. Business owners and executives need to focus on activities that generate revenue, and the AccountingMatters.com services allow companies to dedicate their time to those activities instead of managing the finances. We have years of experience in accounting and business management and our dedicated team of professionals have the ability to help companies with their individual needs.