Business Financial Planning
Business Financial Planning
There is probably no other absolute indicator of the success of a business than it's financial position, the "bottom line"! Without a definitive control of the finances of a business, all other activities can easily be rendered useless or unattainable.
EDJ Consultants can review your current cash flow, perform needs assessment analyses, and make recommendations on how to implement programs/systems to ensure a positive cash flow.
Our Consultants can review the critical financial indicators of your business: current ratio, sales/receivables, cost of sales, cost of operation, cost of goods, cost of manufacturing, working capital, and many more. A concise review of these indicators will allow you to attain greater control over those facets of your business, which affect your financial position.
EDJ Consultants can also review the credit and collection policies and procedures, which your company uses. Many times, cash flow problems are directly related to poor collection procedures or poor vendor purchasing/credit agreements.
EDJ Consultant recommendations are designed to be integrated with the other activities of your business as well. Adjusting the financial position of your business might allow other activities to be implemented, potentially:
Increasing sales
Reducing operating expenses
Restructuring the finances of the business, etc.
Accounting:
Reviewing the financial position of a company is just one step in the process. Systems and processes need to be implemented to facilitate the compilation of financial data to comply with federal and state tax regulations and to provide management with accurate and timely financial information.
Historical financial information is also necessary when creating projected budgets for future business activity. Any lending institution will require financial projections, and they are critical tools for management to use when evaluating the performance of the business.
If you need to perform complex financial calculations in order to determine: cost of manufacture, product cost, sales cost, or other specific financial indicators, EDJ Consultants are capable of assisting in this process. We can provide you with the data necessary to determine if you are charging too much, not charging enough and paying too much, being paid too late etc.
