Getting Business Advisory Services: What It Means For Your Business

Let’s face it. The commercial arena is getting more and more competitive with every passing day. In such a scenario, it gets all the more important to adopt an all-pervasive approach to succeed. We will make it clearer for you. Think about all the responsibilities that a business owner typically has to fulfill- recruiting the right people, devising successful business strategies, ensuring client and employee satisfaction, getting paperwork in order and so much more.

The business advisory services work at tandem with businesses to help them secure the much coveted competitive edge. These companies are primarily engaged in delivering reliable business solutions to help enterprises attain business growth and maintain competitive advantage on a consistent basis. Want to find out how these companies guarantee market-responsive solutions for your business? Let us find out in the course of this post.

Fundamentally, a business advisory service provider gets the burden off your shoulders by taking care of important commercial tasks. However, it is not only about delegating tasks — it is about getting specialists on board. Read on to find out more.

What do these business advisories do?
As their name suggests, the primary purpose of the business advisory services is to “advise”. They work with companies to revamp their present system and help them maintain compliance with global requirements. For instance, if you are taking help of the HR Advisory service providers then they will recruit the right candidates for you and counsel them on an individual basis, define HR strategies clearly and improve payroll system.

Business advisory services typically aid businesses converting their ideas into reality by assisting them in preparing a result-oriented road map for success. The services of these advisories are generally backed by in-depth understanding of modern business dynamics. Once you get in touch with them for help, they will invest considerable time and efforts to understand specific business requirements and aspirations and then spell out solutions in this regard. Credentialed analysts study the nature of your business and apply tried and tested methodologies and industry benchmarks to understand both the challenges and opportunities for your business and devise a successful strategy in accordance.
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Our approach is to provide a definitive yet thorough assessment allowing you, and your company, to consider a broad overview of alternatives to manage the challenges and enhance the performance of your business.

In short, we identify opportunities, work with you and your organization, and enable you to take advantage of business potential and growth. The move to part time, on call, and virtual services has become more accepted in the business world over the past few years. For a fraction of the cost of a full time employee, a small business can have the Controller / CFO function filled by an experienced professional.

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons. Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

We provide part-time offsite and onsite Controller, CFO, Accounting, Cost Accounting, Forecasting, Inventory Management, Cost Control, QuickBooks Problem Solving, and QuickBooks Training Services to small and medium sized businesses.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to learn more about how our CFO and Controller Services may be able to help your business.

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Initial Mark Up And Gross Margin

What is Initial Markup?
Initial Markup (IMU) is the difference between the cost and selling price of an item when it is first introduced for sale. It is also called Initial Mark On, Markon or Markup. The formula for this calculation is: Selling price – cost = Initial Markup Dollars. If a buyer brings in a new line of jeans with a cost of $25 per pair and initially prices them to sell at $55 per pair, the Initial Markup is $30.

Selling Price – Cost = Initial Mark Up Dollars
Initial Markup is normally expressed as a percent. The Initial Mark Up %, for the above example, based on the retail selling price, is 55% (calculated as $30 / $55). The IMU% should always be based on retail dollars, not cost dollars as some retailers and software programs too often do. After all, you own a retail store and record sales at retail. Your sales goals are expressed in retail dollars. Plus, net sales, at retail, are used as the basis for expressing account amounts from the financials (For example, what percent is your Occupancy Costs actually means what percent of your net retail sales are dedicated to Occupancy costs.). Use RETAIL.

An initial retail price must obviously cover the cost of the item, and any selling expense associated with the item. It also must cover a portion of the store’s day to day expenses for rent, fixtures, insurance, utilities, etc., also known as overhead, as well as leave you some profit. Stated another way, Initial Markup must be enough to cover Planned Markdowns + Planned Profits + Selling and Overhead Expenses. The Selling Price covers all that plus the cost of the item.

What is Gross Margin?
Gross Margin (also called Maintained Margin or just Margin) is related to actual sales. It is expressed as a percent of Net Sales. Gross Margin is the difference between Sales and Cost of Goods Sold. (Net Sales – Cost of Goods Sold = Gross Margin Dollars.) Gross Margin is always based on Net Sales and is always expressed from a retail viewpoint. Initial Markup addresses the aspect of price for merchandise: “How much can I get for this ___________?” Gross Margin answers the question: “How much did I make on this __________?”
Impacts on Initial Markup % and Gross Margin %

Many factors affect how retailers decide just how much Initial Markup will provide the best return on their investment. Things that affect Initial Markup are Brand, Competition, Market Saturation, anticipated Markdowns and perceived customer value to name a few. Perceived value is often most difficult to pin down. Occasionally there are certain labels that seem to perform magic when it comes to moving merchandise. A perfect example-Tickle Me Elmo (Tyco) in 1996-was a slow seller until being featured on an afternoon talk show. “In the weeks leading up to Christmas, Tickle Me Elmo dolls were in such scarce supply that ads cropped up in newspapers asking for as much as $2000 per doll.” The Brands (both the talk show and Elmo) were magic. Competition kept the prices up. Low Supply kept the market from becoming saturated. But, customer perceived value kept the prices unbelievably high.

Another major impact is Markdowns. No matter what your Initial Markup is, if it isn’t great enough to cover your planned markdowns and expenses, you will give up your profit to make the sale. When an item doesn’t move, most over-worked and stressed out retailers will take the path of least resistance, and take a larger markdown and keep taking those markdowns until the offending merchandise is gone. Some will keep the poor seller, hoping for the one customer who will come in “someday” and purchase that saved item… if that customer ever arrives and if you can find the item when he does. If Markdowns are higher than anticipated, net sales will be lower, and therefore, gross margin, a.k.a. Maintained Margin, or just Margin, will also be less. Brand, competition, market saturation and perceived customer value also affect Gross Margin–just like Initial Markup.

The Finer Points of IMU% and Gross Margin
It does not follow that each class of merchandise will realize the same IMU % or the same Gross Margin %. Each class and each style within a class (or category) is as unique as each vendor. Competition, pricing structure and perceived customer value may make it necessary to deviate considerably in actual IMU% and GM, but make a point to plan for your profit as well as you plan sales, markdowns or expenses. You want to make sure that you are achieving your Gross Margin plan at the store level, even though some classes may fall far short. The Gross Margin for other classes needs to be high enough to make up the difference for the lower performing classes.

For example, if your Initial Mark Up is 58% and you plan a 9.5% Markdown rate with a goal to maintain a 54% Gross Margin, you can use a “cost multiplier” of 2.40 to achieve your goal. The Cost Multiplier is a number you can multiply the merchandise cost by to achieve the desired Gross Margin percent. An item that Costs $20 will carry an Initial Price (Cost + Initial Mark Up) of $48 when using the 2.40 cost multiplier. If you plan Markdowns of 35% and require a Gross Margin of 54%, merchandise will carry a 66% IMU, using a Cost Multiplier of 2.95 to achieve the same 54% Gross Margin.

Markdowns do not affect IMU% after the initial price is set. The Initial Markup is what it is. However, Markdowns have a huge effect on Gross Margin %. Markdowns decrease profit. It doesn’t matter how much an item is marked up, if it must be marked down those markdowns come from your Gross Margin. Of course, the reverse is also true. When you bring in that unique item that your customers must have, you may not need to take planned markdowns. Then you get to enjoy your higher profit.

Ways to Increase IMU% and GM
Of course, you can just raise your IMU%, but if you raise it too much above the competition, you will lose sales. If you sell popular items that your customers feel a need to own, you may have lower than planned markdowns resulting in a higher Gross Margin. Another good way to boost both the IMU% and the GM is to make a practice of holding some money back from your Open-To-Buy when shopping and plan to rely on some in-season purchases to see you through. Generally, in-season purchases delivered immediately allow for a higher IMU% because you pay less for them.

Another thing we recommend is joining a Buying Group. Buying Groups have benefits for their members to save them time and money. Also, when you go to market, look for a new vendor or two to try. Generally, your customers value individuality as much as you. Give them some items to pick from that set you apart from the pack when possible.

If you feel there is little excitement for your inventory or it is developing “sameness” in appearance, try a different market. All vendors do not go to every market and by going to a new market you may be able to find just what you want. New vendors may offer a unique appearance in color, fit or style that appeals to your customers. Look for merchandise keeping with your quality line that offers a higher markup.

Using an Open-to-Buy is a great way to plan, record your actual results and then check yourself to see how you are doing as the year progresses. It can also help to prevent the high markdowns needed to clear out excess inventory.
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Our approach is to provide a definitive yet thorough assessment allowing you, and your company, to consider a broad overview of alternatives to manage the challenges and enhance the performance of your business.

In short, we identify opportunities, work with you and your organization, and enable you to take advantage of business potential and growth. The move to part time, on call, and virtual services has become more accepted in the business world over the past few years. For a fraction of the cost of a full time employee, a small business can have the Controller / CFO function filled by an experienced professional.

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons. Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

We provide part-time offsite and onsite Controller, CFO, Accounting, Cost Accounting, Forecasting, Inventory Management, Cost Control, QuickBooks Problem Solving, and QuickBooks Training Services to small and medium sized businesses.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us http://www.desmidtconsulting.com/contactus.html

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to learn more about how our CFO and Controller Services may be able to help your business.

Benefits Of Retaining Us To Perform Your Part Time Controller and CFO Services

Four businesspeople in boardroom talking

Small and medium-sized companies that are not in a position to hire a full-time Controller or CFO are often the companies that would benefit the most from the expertise of an experienced Controller or CFO.

We can take complete responsibility for the financial side of your business, or we can function purely as your part-time / virtual Controller or CFO, optionally, managing your existing accounting and bookkeeping staff. Every business and situation is different.

We can work with your accounting and bookkeeping staff, attorneys, bankers, insurance brokers and tax preparers at a fraction of the cost of a full time employee.

Outsourcing to us will reduce and control your internal operating costs, allow you to gain access to extensive additional capabilities, and allow you to focus on managing your business.

We are seasoned professionals and have the experience, expertise, education and qualifications to be your part-time / virtual / on-going Controller or CFO.

The types of services that we can optionally provide include:

•Monthly Accounting

•Accounts Payable and Receivable Management

•Financial Statement Preparation

•Cash Flow Analysis and Management

•Inventory Management and Control

•Fixed Assets Reporting

•Bank Reconciliations

•Tax Return Preparation

•Payroll Tax Compliance

•Variance Analysis and Reporting

•Activity Based and Job Costing

•Revenue and Expense Analysis

•Staff Training and Utilization

•Business Consulting and Guidance

•Accounting Systems and Controls

•Financial Analysis and Reporting

•Strategic Planning and Consulting

•Cost / Revenue Benefit Analysis

•Budget Preparation and Reporting

•Financial Forecasting and Modeling

•Treasury / Cash Management

•Negotiations for Financing and Operations

•Reorganizations, Mergers and Acquisitions

•Develop and Analyze Business Plans

•Software Selection and Implementation

•Software Training and Support

•Preparation of Policies and Procedures

We are headquartered in the Tampa Bay area; the majority of our work is handled remotely, yet, we are able to talk and work with you on a regular periodic basis.

We have over 45 years of Accounting, Management and Systems experience. Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Ask us for help – this is what we do.

Visit our website www.desmidtconsulting.com to learn more about our business.

Visit our mobile website www.DeSmidtConsulting.mobi

Read about us on LinkedIn http://www.linkedin.com/in/peterdesmidt

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt,

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QuickBooks Training – Do You Need It?

iStock 698x463B

By M. J. Hultquist

QuickBooks training comes in all shapes and sizes. You have books you can purchase and learn QuickBooks. You have classroom setting classes you can take that usually last 8 hours or more. You even have online courses you can take to learn QuickBooks.

But do you really need QuickBooks training?

To answer this question, you need to figure out first what you need it for.

There are generally 2 types of people who look for this training – small business owners and people looking for a job. In the first group, small business owners, they need QuickBooks training if they either plan on doing their own bookkeeping in QuickBooks or if they simply want to understand what their accountant is doing each month. By doing their own books, they can generally get a better feel for their business so that they can make more informed decisions. They also will save a few thousand dollars a year by doing it themselves instead of having an accountant do it for them.

But they have to make sure they actually get some QuickBooks instruction, or they could end up seriously screwing up their books.

Small business owners could also learn how to use QuickBooks if they simply want to understand what their accountant is doing each month. This will help them have a much better understanding of the ebbs and flows of their cash cycle.

The other people who look for QuickBooks training are people searching for a job. In this day and age, many employers, especially small businesses, look for people with experience using QuickBooks. More and more this is becoming a requirement for certain positions, and people simply do not have the proper training. As a result, to get a job or to even get a higher paying job, people trying to get a job that requires QuickBooks should take some sort of QuickBooks training.

So, the answer of whether or not you need QuickBooks training really depends on what you might need it for. After you make this determination, you can then decide which format for the training makes sense.

Learning from a book is generally not recommended because you have no one to ask questions or give you feedback. A classroom setting can be OK, however, you typically have set times you have to be there and they are generally fairly expensive. Also, if you do go this route, you have to make sure you can practice along in front of a computer to get the hands on experience.

The final option would be to get QuickBooks training through online video tutorials. These are generally less expensive than the classroom setting and are much more flexible as you can learn at any time that it is convenient for you.

Article Source: http://EzineArticles.com/?expert=M._J._Hultquist

We provide offsite and onsite individual and small group QuickBooks Problem Solving, Training, Inventory, Accounting and Bookkeeping Training to individuals and small and medium sized businesses.

Ask us for help.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

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About Virtual Part-Time Controller Services

Business meeting

By Lisa Khayyat

If you want to stay on top of your finances, but do not want to hire a full time controller – why not consider a “Virtual Controller”? A virtual controller performs most, if not all, of their services online. They can provide basic services to more advanced services. Services are negotiated up front depending upon the client organizations specific requirements.

A Virtual Controller can provide management valuable financial oversight, advice and customized financial reports that provide real value to their businesses decision making. Business owners can focus their attention on growing their businesses and achieving their operational objectives.

Here are some of the ways that a Virtual Controller can assist your business:

1. Guide you through the start up process and assist in getting your accounting system set up correctly in QuickBooks.

2. Train your bookkeeper, accountant, or other assistant in the proper accounting procedures for your particular business.

3. Work with your bookkeeper or accountant on a monthly basis to ensure that transactions are recorded correctly and records are kept up to date. (The virtual controller Is also available to assist the bookkeeper if problems should arise.)

4. Offer guidance in the budget planning process and provide guidance on budget-to-actual analysis.

5. Discuss project or department profitability on a monthly or quarterly basis.

6. Prepare fixed asset depreciation schedules on all equipment and keep the list current with new purchases.

7. Teleconferences scheduled monthly or quarterly with management to discuss results of operation as well as other business decision making issues as necessary.

8. Provide tax planning strategies to business owners.

9. Individual & Business Income tax preparation.

10. Documentation of Policies & Procedures.

11. Assist with the acquisition of a business. (due diligence)

12. Assist in exit planning or the sale of a business.

The move to virtual controller services has become more accepted in the business world over the past few years. And for a fraction of the cost of a full time employee, a small business can have the Controller function filled by an experienced professional.

Article Source: http://EzineArticles.com/expert/Lisa_Khayyat/482056
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Our approach is to provide a definitive yet thorough assessment allowing you, and your company, to consider a broad overview of alternatives to manage the challenges and enhance the performance of your business.

In short, we identify opportunities, work with you and your organization, and enable you to take advantage of business potential and growth. The move to part time, on call, and virtual services has become more accepted in the business world over the past few years. For a fraction of the cost of a full time employee, a small business can have the Controller / CFO function filled by an experienced professional.

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons. Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Ask us for help.

We provide part-time offsite and onsite Controller, CFO, Accounting, Cost Accounting, Forecasting, Inventory Management, Cost Control, QuickBooks Problem Solving, and QuickBooks Training Services to small and medium sized businesses.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to learn more about how our CFO and Controller Services may be able to help your business.

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Part Time CFO And Controller Services – 5 Ways Outsourcing Can Change Your Business

By Terry L Mickelson

Small companies often face similar financial challenges to those of larger companies. Many reach a point in company growth where the expertise of a financial professional is needed, but are unable to afford a full-time CFO. With a part-time CFO, you receive the benefits of financial help at a much smaller financial commitment than hiring another full-time employee. Along with saving both time and money, you’ll be able to focus on where your company needs you most. A part-time CFO can help you:

1. Receive accurate financial information. Many companies’ financial statements are filled with incomplete or inaccurate data, making it almost impossible for business owners to choose right for their business. A part-time CFO uses up-to-date accounting standards, giving you the key profitability information needed to make vital decisions for your business.

2. Spend more time with customers. Spending time with current and future customers is not just a luxury; it is essential for a profitable business. If you are not spending time with your customers now, then your competition is. By taking care of HR functions and accounting; a part-time CFO can free needed time so you can focus more on your customers and growing your business.

3. Get more money from banks or vendors. Banks and vendors are looking for financial statements that follow correct accounting standards, look professional and highlight key information. Create the professional financial statements you need to improve your company image and receive better terms with banks and vendors.

4. Discourage employee dishonesty. Many business owners have been shocked to learn how much stealing can go on within a company. There are many different types of theft such as; theft of money, customer lists, inventory and more. A part-time CFO can help discourage theft by establishing control and keeping you more aware of what going on inside your company.

5. Manage your cash flow properly. Lack of planning can often cause unpleasant cash flow surprises. Don’t address only the ‘squeaky wheel’, or let your company only ‘exist’ from month to month. By correct planning, using cash flow management solutions and securing needed financing, many cash flow issues can be reduced or even eliminated.

All companies face large challenges, but with the help of a part-time CFO big obstacles such as getting more money from banks and receiving accurate company data can be simplified and handled properly. By aiding in better cash flow management, discouraging employee dishonesty and freeing more time to spend with customers; CFO services can help your company succeed.

Article Source: http://EzineArticles.com/1678331
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Our approach is to provide a definitive yet thorough assessment allowing you, and your company, to consider a broad overview of alternatives to manage the challenges and enhance the performance of your business.

In short, we identify opportunities, work with you and your organization, and enable you to take advantage of business potential and growth. The move to part time, on call, and virtual services has become more accepted in the business world over the past few years. For a fraction of the cost of a full time employee, a small business can have the Controller / CFO function filled by an experienced professional.

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons. Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

We provide part-time offsite and onsite CFO, Controller, Accounting, Cost Accounting, Forecasting, Inventory Management, Cost Control, QuickBooks Problem Solving, and QuickBooks Training Services to small and medium sized businesses.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to inquire about our CFO and Controller Services.

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The Fractional CFO Concept

The idea of fractional or part time use of a valuable resource has been around since the 1960s. It was pioneered by the vacation real estate industry when a French ski resort owner recognized few people could afford, let alone needed a resort condominium for all 52 weeks of the year. He addressed this challenge by dividing every room into 52 separate units of time.

Using the slogan “stop renting a room, buy the hotel” he launched a worldwide marketing phenomenon we now know as the time-share industry. Units were sold to different owners, each of whom purchased the full use and enjoyment of the week that best suited their schedule, and at an affordable price. If a buyer needed more than one week a year, they bought as many units as they wanted. And while other “bells and whistles” have been added through the years, over 4 million American families now own at least one vacation timeshare.

The concept of a fractional CFO is no different. Most business leaders recognize the need for trained, experienced financial expertise on their management team. Many simply do not need a full time CFO. Therefore, they cannot cost justify the investment of a full time salary. Even if an owner or manager has the required skill sets, a professional CFO can likely generate a superior work product in less time. This in turn frees up the most valuable and scarcest resource of all, TIME!

No successful entrepreneur ever launched a business with the intent of spending all day analyzing balance sheets, determining marginal profit contribution, dealing with bankers and tax accountants or addressing regulatory inquires. They launch businesses to exploit competitive advantage in their chosen field by servicing customer needs. Any time spent “working on the books” is time away from their real mission and a costly distraction from their value proposition.

Retaining a fractional or part-time CFO or Controller presents a cost effective solution customized to a business’ exact needs, budget and life cycle. The key to a successful fractional CFO relationship is to design and staff that engagement with a professional who will understand your business and address your financial needs. They must also become an integral (if part-time) member of your management team. Your fractional CFO should meet with you to tailor an affordable program to address your specific business needs. Together, you will establish a regular schedule of dedicated time to service those needs. That schedule can vary from just a few hours per month to several days per week, and can be adjusted as future needs require. You the client can typically terminate your fractional CFO at any time and for any reason without incurring additional costs, just as you would if you had hired a full time employee.

Frequently Asked Questions
•What exactly does a CFO do, and how does that change if I use a fractional CFO?
The chief financial officer or CFO is the person primarily responsible for managing the overall financial operations of an organization. This position is responsible for planning, cash flow management, record keeping, financial reporting, etc. The only difference between a traditional CFO and a fractional CFO is the nature of their relationship to the business. While a CFO is full time officer and employee, a fractional CFO is a part-time, independent contractor. However, their duties and responsibilities are virtually identical.

•Will I retain a fractional CFO for a one-time assignment, or will they continue to provide on-going services?
Occasionally, a client will request that that their fractional CFO provides services for a one-time, special project. The CFO will likely endeavor to accommodate all client needs. However, their primary focus will be on providing on-going fractional CFO services, including the development, implementation and monitoring of a long-term business plan. While the time allotted to this process can be adjusted and even reduced as initial objectives are met over time, it is a continuous process that typically requires some effort at least monthly.

•How much should I expect to pay for my fractional CFO?
The cost of fractional CFO services are primarily determined by only two things, the number of hours spent on an account, and the billing rate of individuals providing client services. Barring temporary or emergency situations, a reputable fractional CFO firm will endeavor to staff assignments using associates with skill sets and experience appropriate to your needs. Ultimately, they will provide the level of service you determine based on your needs and within a budget determined by you. Your schedule can vary from just a few hours per month to several days per week, and can be adjusted as future needs require. Typical clients should expect to spend from $500 to several thousand dollars, per month, depending on their needs.

———————

Our approach is to provide a definitive yet thorough assessment allowing you, and your company, to consider a broad overview of alternatives to manage the challenges and enhance the performance of your business.

In short, we identify opportunities, work with you and your organization, and enable you to take advantage of business potential and growth. The move to part time, on call, and virtual services has become more accepted in the business world over the past few years. For a fraction of the cost of a full time employee, a small business can have the Controller / CFO function filled by an experienced professional.

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons. Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

We provide part-time offsite and onsite CFO, Controller, Accounting, Cost Accounting, Forecasting, Inventory Management, Cost Control, QuickBooks Problem Solving, and QuickBooks Training Services to small and medium sized businesses.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to inquire about our CFO and Controller Services.

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The Power Of Partnering With An Advanced Certified QuickBooks ProAdvisor

Business meeting

By Chris A. Harmen

Traditionally, small businesses had to rely on antiquated paper ledgers and a shoebox stuffed full of saved receipts in order to maintain proper business accounting practices. However, with the advent of modern technology, both fledgling and well-established entrepreneurs no longer need to fuss with these outdated methods. Instead, these CEO’s can turn to the latest in computer software packages that have been designed specifically to help balance the books.

QuickBooks has firmly secured its spot as a front runner resource in the accounting software market and with good reason. The tool has a diverse range of functionality that makes it an ideal application for any small business, regardless of industry or services provided. Most importantly, the software was designed to be used efficiently and effectively by virtually anyone. Whether conducting business as a computer programmer, construction contractor, caterer or personal consultant, any businessperson can learn to manage their own bookkeeping process with relative ease. However, mastering this resource can prove an overwhelming mission when first starting out. That’s why teaming up with a QuickBooks consultant can provide a powerful partnership for any business.

The Benefits Of Utilizing An Advanced Certified QuickBooks ProAdvisor

Learning the nuances and functionality of QuickBooks can initially seem a daunting endeavor. Rather than keeping the software in the box and continuing to rely on paper and pen methods, small companies now have invaluable resources available to them in the form of bookkeeping and, specifically, QuickBooks consultant firms. Reaching out to these service providers can exponentially decrease the anxiety and stress experienced when attempting to learn the various components of this application.

One of the best services offered by these firms is one-on-one training to methodically and systematically address and answer all fears, concerns and questions. This type of coaching empowers business owners to morph from frustrated and uncertain bookkeepers into capable managers of their own bottom line.

Another component to look for when seeking the assistance of a QuickBooks consultant is application customization. Not all businesses require the same fields, data entry and input when using the software. Fortunately, software programmers understand this need and have created the system to be highly customizable based on industry, function and need. However, modifying the tool can seem a little complicated to a new and unfamiliar user. Thus, working with a seasoned accounting professional to strategically tailor the program can ensure the streamlining and efficiency of any business’ specific accounting efforts.

Finally, partnering with an accounting consultant can offer a final added benefit. Learning the system and utilizing a tailored made version is only part of the partnership equation. Once fully confident and efficient with using the software to effectively balance the books, business owners will no longer spend an exorbitant amount of time calculating and recalculating monthly totals. This actually helps directly enhance the bottom line figures as the extra time saved enables these CEO’s the opportunity to focus more on revenue generation and core business activities.
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We provide part-time offsite and onsite Accounting, Cost Accounting, Inventory Management, Cost Control, QuickBooks Problem Solving, QuickBooks Training, QuickBooks Implementation, Controller and CFO Services to small and medium sized businesses.

Ask us for help.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

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The Benefits of QuickBooks Enterprise For Your Business

By Gary Farrell

Whether large or small, no matter what you sell, your business needs an accounting program that is reliable and accurate, allows for simple generation of reports and is highly functional. Enterprise Solutions from QuickBooks, designed for growing businesses, has the capabilities and flexibility to meet your business’ unique needs as it grows – and it could save you thousands in up-front and ongoing system costs.

QuickBooks Enterprise provides the key functionality you need with incredible ease of use. If you are a business owner or manager exploring the available solutions for improving the financial flow of your work, here are just a few reasons why you should consider this product.

Business Growth Support: QuickBooks Enterprise lets you scale up to 30 simultaneous users as your organization grows. Flexibility: The software is designed to work the way you work, so you don’t have to change your current business processes. This program lets you customize any of its 120+ built-in reports and forms such as estimates and invoices to look and work the way you want. Instant Access: Get real-time, instant access to the information you need to know about your business, when you want it and in the format you want it in, from Enterprises’ 120+ built-in reports, such as Forecast Overview, Forecast vs, Actual, Profit & Loss Budget Performance, and A/P Aging Detail. Functionality: Enterprise Solutions delivers all of the key financial management and accounting functionality you would expect from a sophisticated solution, including: G/L, A/P, A/R, Payroll, Fixed Assets, Job Costing, Budgeting and more.

Consult with a local QuickBooks business advisor today to learn more about migrating your current records to the flexible and manageable QuickBooks software solution.

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We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons. Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Ask us for help.

We provide part-time offsite and onsite CFO, Controller, Accounting, Cost Accounting, Forecasting, Inventory Management, Cost Control, QuickBooks Problem Solving, and QuickBooks Training Services to small and medium sized businesses.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to inquire about our QuickBooks services; or to set up a free consultation telephone call.

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9 Benefits of Companies Outsourcing Their CFO and Controller Tasks

All businesses need financial consulting, however not every business can afford to hire a full-time Chief Financial Officer (CFO), or a Controller. As a result, small and medium-sized businesses are increasingly turning to expert outsourced CFO services. Here’s how an outsourced financial consultant can benefit your company:

1. Cost Reduction
Outsourcing a qualified accounting professional to handle your CFO services can help your company save a lot of money. You’ll be getting expert services without having to add additional personnel and technological resources. This can help reduce your company’s overall operation costs.

2. Quality of Services
With an outsourced CFO, you can be assured of quality services because he is a professional who has worked with different industries, and understands what works across the board.

3. Allows Better Focus
It’s very important for businesses, especially small ones, to concentrate on their core competency, and let professionals handle what they don’t understand. If dealing with the financial aspect of your business isn’t your specialty, outsourcing CFO services can help to concentrate more on what you know best.

4. Overall Efficiency
When it comes to meeting deadlines, as well as other requirements of different projects, an outsourced CFO is generally more efficient compared to a hired one. This is because he has experience with almost all financial situations, and you can only expect the best from him or her.

5. Assistance in Getting Financing
Bookkeepers do a wonderful job, but it’s usually an outsourced Chief Financial Officer, who has to present suitable financial statements to a lending body for financial approval. With his or her experience, the CFO will be able to identify the strengths and weaknesses in your company’s income statement and balance sheet, and can equip you with the financial information that the bank may need. Many times, such CFOs will introduce your company to banking sources that match its lending requirements, and thereafter, assist you throughout the financing process.

6. Developing Budgets
Every business, regardless of size requires a revenue and expense management plan in order to successfully grow. An outsourced CFO can help you as the business owner to develop a model that demonstrates what needs to be done to attain a desired gross or net profit, or meet a sales goal. Every company owner can attest to the fact that without a budget, it’s difficult to run the business efficiently, leave alone managing it to become profitable. Therefore, the CFO can work with you to come up with plans that can help you identify the sales level that should be reached to attain break-even profitability, or know when it’s sensible to hire additional employees.

7. Managing Cash
Small companies would love to be able to have sufficient cash to run their everyday operations, however, most of them lack the tool to help them forecast their liquidity needs. When you outsource a CFO, he or she can build a model that forecasts your cash-flow requirements both in the short and long term. In addition, he’ll be able to help your company in prioritizing its cash-flow needs.

8. Assist in Complying with Tax Regulations
Several business owners usually disregard the consequences of failing to pay taxes to the federal and local government on time and in full. In addition, they pay the wrong amount of taxes because of wrongly entered transactions in the ledger. Accurate tax returns can’t be prepared without proper financial statements. Outsourcing CFOs can come in very handy for such businesses because they’ll ensure that financial statements are prepared accurately, and in a timely manner. Consequently, they’ll be able to assist you in navigating and complying with various tax regulations.

9. Upgrading Accounting Software
An outsourced CFO is familiar with a huge variety of software packages. As a result, he can weigh the gains of getting more powerful accounting software against the package’s cost, in order to know if the purchase makes sense. However, that basic software you have in your office may not suit every business type; certain companies for instance, those that deal with manufacturing, have significant inventory management requirements, and need more sophisticated software. An outsourced CFO can offer you very valuable advice regarding which accounting software is right for your business.

As you’ve seen above, companies have a lot to gain from outsourcing CFO services, such as cost reduction, efficient services and cash management. Besides, you’ll get more time to concentrate in the day-to-day running of your business.

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Our approach is to provide a definitive yet thorough assessment allowing you, and your company, to consider a broad overview of alternatives to manage the challenges and enhance the performance of your business.

In short, we identify opportunities, work with you and your organization, and enable you to take advantage of business potential and growth. The move to part time, on call, and virtual services has become more accepted in the business world over the past few years. For a fraction of the cost of a full time employee, a small business can have the Controller / CFO function filled by an experienced professional.

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons. Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

We provide part-time offsite and onsite CFO, Controller, Accounting, Cost Accounting, Forecasting, Inventory Management, Cost Control, QuickBooks Problem Solving, and QuickBooks Training Services to small and medium sized businesses.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to inquire about our CFO and Controller Services.

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Does Your Small Business Need an Outsourced Financial Controller?

By Tim Garrison

Many small business owners launch their business to follow a passion, whether that passion is writing, programming, Web design, art, sound & video, or any number of other industries. Your business begins to grow by word-of-mouth and soon, you’re hiring employees or independent contractors to take over part of your responsibilities rather than doing it all yourself.

Somewhere along the line, you grow large enough to hire a small business bookkeeper. Until now, you’ve managed your books yourself, either through QuickBooks or another bookkeeping software, or some system that you’ve devised yourself. Now, you’ve just gotten too big for this system to work anymore.

You hire a bookkeeper who understands financial accounting software and can manage your books on a full-time or part-time basis. This person could be an in-house employee, or maybe a local contractor. Or maybe you’re one of the growing number of smart business owners who hires an outsourced bookkeeper based in the U.S. who works virtually and communicates with you via phone and email.

Things go along well, but now that you’re not doing your own books anymore, you feel a bit out of touch with your company’s broad financial picture. Your bookkeeper can send you the reports and spreadsheets, but it doesn’t always make sense. You need someone to interpret all those numbers in boxes for you. Most importantly, you’ve grown large enough that you need a trusted financial advisor with the knowledge to help you make the best decisions for your rapidly growing business.

If you know anything about financial controllership, you might think a full-time financial controller comes with a 6-figure salary. And you’re probably right. Your business doesn’t have the budget for that — and it’s not what you need anyway.

You just need someone on a part-time basis to review your books with you monthly, provide checks-and-balances for your in-house or outsourced bookkeeper, and help you with financial planning and budgeting on a monthly or quarterly basis. If you think you can’t afford a financial controller, think again. Outsourced controllership services are less expensive than you may think, and will save your business money in the long run with better financial planning.

You may be concerned that, by hiring an outsourced controller, you’ll be giving up “control” of your company. That couldn’t be further from the truth. A financial controller provides you with the information you need to make the best decisions for your company — but all decisions remain yours. A financial controller doesn’t “control” your business. As a trusted advisor, he gives you the information you need to be more in control of your company.

Article Source: http://EzineArticles.com/7114727

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Our approach is to provide a definitive yet thorough assessment allowing you, and your company, to consider a broad overview of alternatives to manage the challenges and enhance the performance of your business.

In short, we identify opportunities, work with you and your organization, and enable you to take advantage of business potential and growth. The move to part time, on call, and virtual services has become more accepted in the business world over the past few years. For a fraction of the cost of a full time employee, a small business can have the Controller / CFO function filled by an experienced professional.

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons. Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

We provide part-time offsite and onsite CFO, Controller, Accounting, Cost Accounting, Forecasting, Inventory Management, Cost Control, QuickBooks Problem Solving, and QuickBooks Training Services to small and medium sized businesses.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to inquire about our CFO and Controller Services.

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Alignment – A Foundation For Lasting Revenue Growth

Your ability to win or lose more business is about alignment – configuring and calibrating key aspects of marketing and sales execution to optimize revenue growth. What this asserts is that the extent to which the organization consistently meets revenue targets is directly proportional to the degree of alignment between the organization’s parts and its strategic priorities.

Sustaining top-line revenue growth is an ongoing challenge for most companies. It’s no secret that one of the most critical challenges facing every 21st century organization is consistently delivering against the #1 driver of long-term company success-top-line revenue growth. Over the past decade of working with CEOs to design and deliver better long term revenue performance, I’ve seen and see, that those unable to sustain success routinely lack much of a coherent or comprehensive plan. Moreover, their teams have little understanding of how it all comes together and what their roles are, and/or the sequencing of events in achieving future plans.

When it comes to alignment, perception and reality often differ. That said, most executives think their companies are aligned. Over the past few months, they’ve put plans in place to align the organization and focus their resources to achieve maximum growth. They’ve organized a series of group and one-on-one meetings throughout the organization to communicate key initiatives, priorities, and growth expectations and get everyone on the same proverbial page. They sincerely believe that they are leading well-aligned companies, with all members of the management team and every employee clear on the rationale behind the strategic plan and their own priorities and accountabilities to support the plan, with specific time frames articulated.

But the facts tell a different story.
• 85% of executive teams spend less than one hour per month discussing strategy. (Norton)
• 54% of executives say that company’s capabilities do not reinforce one another (Booz@Co.)
• Two-thirds of support units are not aware of corporate strategy or aligned with their own business unit’s strategy. (Norton)
• 60% of organizations don’t link budgets to company strategy.(Norton)
• 95% of employees claim they are not aware of company strategy.(Norton)

It’s clear that organizations may not have their resources as well aligned as they think. Managers would do well to ask themselves and their teams the following questions:
• Are we all synchronized and systematically working towards the same objective-driving healthy revenue growth.
• Do we know the big picture and where we individually and collectively fit into that process?
• Are we clear on the critical factors that drive growth, there dependencies and that we’ve providing proper context for daily decisions being made in support of those objectives?

Without alignment, it’s difficult-if not impossible-for workers in an organization to have context for the decisions they’re making. Alignment and context allow an organization to move confidently beyond its current state to its future desired state.

Alignment is such a simple concept; why is it so difficult to achieve? The importance of aligning the team is hard to dispute, and it seems logical and obvious. But when you consider that strategy is set by very few, maybe once or twice a year, yet the real work is done over a long stretch by many who weren’t in those strategy meetings, you start to see the issue. The workers who ultimately carry out the mission have little understanding about how that strategy was reached, and they had no input on whether they think the strategy is plausible given the reality of resources, budgets, and competition they see out in the field. The result is that most do not have proper context for making good decisions in their daily work.

When you think of all the possible decisions that are made daily, one or two bad calls might appear to have little impact in the overall scheme of things. Most leaders may never be aware of these tactical decisions, or only find out about them when review meetings take place after the fact. But collectively, over time, decisions made outside the context of the organization’s overall direction will drive inconsistency and have significantly negative impact, with little opportunity to recover. This can result in confusion and unnecessary chaos, ultimately reducing the odds for success while driving down productivity and draining morale.

Alignment can be the difference between business success and failure. CEOs struggle each day with new challenges and increased complexity both within their companies and in the external environment. The percentage of companies that have consistently achieved even a modest rate of growth of over 5% for 10 years or more has continued to drop, and the business environment isn’t getting any easier.

Why do some companies succeed where others fail? When you think about it, all companies have the same basic ingredients: unique products or services, value propositions, a marketing budget, managers, leaders, people, buildings, metrics, etc. But, within each organization, the system can’t perform to its highest levels unless its constituent parts are aligned.

Think of professional sports teams. They all have the same ingredients: players, managers, owners, equipment, stadiums, playbooks, the best athletes, etc. Each is a system that is trying to become more successful than its competitors. What brings success? Alignment of the constituent parts. This rule applies equally to championship sports teams, Ferraris, and corporations. For the latter, it means developing and implementing a strategic framework that is translated into specific objectives and measurable initiatives. This framework galvanizes, links, and governs the entire organization, bringing more consistent and repeatable high performance.

Hitting your revenue growth expectations is proportional to your team’s degree of alignment. What becomes paramount is how well the organization can become aligned in order to move faster, make better decisions, and ultimately win more than the competition. This will allow leaders to more successfully align and optimize the collective resources to achieve key initiatives. This is a critical step in becoming more consistent in winning more than your competitors and, as such, should be a managed and formalized process that executives focus on for the long haul.

Article Source: http://EzineArticles.com/7488684

We provide remote cloud based Accounting and Accounting Management services for users of Intuit QuickBooks Enterprise / Desktop / OnLine, Microsoft Dynamics GP, Passport Business Solutions, including Entries, Inventory, Consolidations, Payroll, Analysis, Reconciliations, Budgeting, and Financial Reporting.

We provide these services on an hourly / part time / as needed or project basis, to include Accounting, Distribution, and Reporting functions; remotely or on your hosted systems.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation experience (including QuickBooks, Intuit, Enterprise, Passport, Dynamics, Great Plains, RealWorld, Peachtree, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software), as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons.

Peter DeSmidt‘s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

We are headquartered in the Tampa Bay area; the majority of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

View our testimonials www.desmidtconsulting.com/testimonials.html

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced And Enterprise ProAdvisor

QuickBooks Certified Online ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Microsoft Great Plains Authorized Real World Consultant

Microsoft Certified Small Business Manager Consultant

Contact us to inquire about our CFO, Controller, Accounting, Dynamics GP, Passport, or Intuit / QuickBooks Services.

 

Intuit QuickBooks Desktop Enterprise – We Provide Remote Accounting Services In Your Hosted Environment

After serving the needs of small businesses for over 10 years, Intuit identified a need to better serve small to medium sized businesses growing in size or complexity. QuickBooks Desktop Enterprise was designed specifically with these businesses in mind.

QuickBooks Desktop Enterprise is the most flexible QuickBooks that adapts to the way you run your business. It scales from 1 to 30 users with everything you need to manage your users and data properly. Its add-on modules cater to your specific workflow needs.

With QuickBooks Desktop Enterprise you can:

  • Get room to grow without sacrificing control over user access.
  • Keep your growing data history to provide the best possible financial data about your business.
  • See your data the way you want with the most customizable reporting tools in QuickBooks.
  • •Manage your end-to-end workflow inside QuickBooks Desktop Enterprise.
  • Access Enterprise any way and anywhere you want, anytime.
  • Let users work at the same time with more activities in multi-user mode.
  • Add monthly Hosting Service to run your Enterprise in the cloud, and connect all your users and get anywhere, anytime access with no network to set up or maintain.
  • Combine reports from multiple company files for clearer business insights.
  • For more complex reporting needs, you can create custom reports with ODBC-compliant applications9 by connecting directly to the QuickBooks database for maximum flexibility in report design.

We provide remote cloud based Accounting and Accounting Management services for users of hosted Intuit QuickBooks Enterprise / Desktop / OnLine, Microsoft Dynamics GP, Passport Business Solutions, including Entries, Inventory, Consolidations, Payroll, Analysis, Reconciliations, Budgeting, and Financial Reporting.

We provide these services on an hourly / part time / as needed or project basis, to include Accounting, Distribution, and Reporting functions; remotely on your hosted systems.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation experience (including QuickBooks, Intuit, Enterprise, Passport, Dynamics, Great Plains, RealWorld, Peachtree, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software), as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons.

Peter DeSmidt‘s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

We are headquartered in the Tampa Bay area; the majority of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

View our testimonials www.desmidtconsulting.com/testimonials.html

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced And Enterprise ProAdvisor

QuickBooks Certified Online ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Microsoft Great Plains Authorized Real World Consultant

Microsoft Certified Small Business Manager Consultant

Contact us to inquire about our CFO, Controller, Accounting, Dynamics GP, Passport, or Intuit / QuickBooks Services.

 

Better Profit of Your Business Dependent Upon Small Business Advisor

By Nantaram Peggy

While starting a business it is not always that the person knows everything about the business and there are always something or the other lacking behind in knowledge. In fact there are certain things which cannot be understood unless you have practical experience in it or have some expert advice with him. With the question of expert advice it can be said that it is always better to seek the help of some small business advisor who can guide you the best in managing your business and provide your expert advice in making it gain better profit. And therefore the role of the small business advisor is quite important for the better growth and development of any business. In fact there are also other factors that should be kept in mind.

The point is that the small business advisors that you choose should be efficient and trustworthy. In fact this is the primary criteria of choosing a small business advisor. When you do not have much idea of the business you are dealing with, in such a case it is obvious that you may have to depend a lot on the small business advisors and if they are not trustworthy the result may be that they may cheat you by providing false reports and take away your money. Therefore it is essential that you choose the proper small business advisor that can help you the best and is trustworthy as well. It is always better to choose someone who is already having quite a good deal of experience and a good reputation in the field you are working on. Therefore it is better to do some homework before choosing the right small business advisor. On the other hand the impartiality is also a great factor and if the company or the person you choose is partial towards any of your competitors it is most likely that the only sufferer would be you and your business.

Besides that it is essential to keep track of the total progress of the business and for that an accurate financial reporting plays a very important role. In fact when you have the total and proper reports of your business every week or every month it is easier for you to keep track of the progress of your business. In fact the accurate financial reporting can also be helpful in several other ways like providing you the actual state of your business and the things you are lacking behind in. Not only that, but with the help of accurate financial reporting it is easier for you to fix the future plans for your business for its better development with advice of the small business advisor. In fact when you do not have the proper reports it is not possible for anyone to understand the state of the business clearly and therefore there should be no mistake in the reporting for the better growth of the business and for better profit.

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Our approach is to provide a definitive yet thorough assessment allowing you, and your company, to consider a broad overview of alternatives to manage the challenges and enhance the performance of your business.

In short, we identify opportunities, work with you and your organization, and enable you to take advantage of business potential and growth. The move to part time, on call, and virtual services has become more accepted in the business world over the past few years. For a fraction of the cost of a full time employee, a small business can have the Controller / CFO function filled by an experienced professional.

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons. Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

We provide part-time offsite and onsite Advisory, CFO, Controller, Accounting, Cost Accounting, Forecasting, Inventory Management, Cost Control, QuickBooks Problem Solving, and QuickBooks Training Services to small and medium sized businesses.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to inquire about our Advisory, CFO and Controller Services.

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Why You Should Have an Advisory Board

By Robbi A. Gunter

Many small businesses have a Board of Directors to make executive decisions and to oversee the company’s various activities. Your business may or may not have a Board of Directors, but you will want to consider organizing an Advisory Board to help boost your company’s success and credibility within the local and business communities.

The Benefits

Advisory Boards typically consist of three to five professionals with expertise in various areas of business. Individual board members may have experience in finance, marketing, your specific industry, purchasing, or another area of business operations. An Advisory Board will give you the benefit of working with seasoned professionals whose interest lies in helping your business thrive.

Members of Advisory Boards do not profit from their work with your business. Although you may compensate the board members by covering their travel expenses, providing meals, or offering stock options or monetary payments, their purpose is to give you guidance in developing a successful company. Advisory Board members will generally be more objective than Board of Directors members because they are not seeking any return from their time and work investments. You can expect the advice from Advisory Board members to be honest and straightforward.

Advisory Boards are an excellent resource for business knowledge as well as advice. The members usually have years of experience in their field and have likely encountered many problems along the way. “Experience is the best teacher” is absolutely true when it comes to operating a business, and the lessons learned from your Advisory Board’s cumulative business experiences are more valuable than any training course, book, or lecture. These professionals have “been in the trenches” and can offer realistic and relevant advice.

You will not be the only one profiting from having an Advisory Board. Professionals that are members of an Advisory Board are part of your business because they want to be. They love what they do and want to reach out to other business owners to pass on their knowledge and enthusiasm. Advisory Board members welcome the opportunity to network with other like-minded professionals while helping business owners build or expand successful companies.

Impact on Your Business Credit Profile

One of the greatest advantages of incorporating an Advisory Board into your business plan is the positive effect this can have on your business credit profile. Your association with proven business leaders will boost your presence in the community. This can potentially draw more interest from investors and also enhance your credibility with community leaders and local lenders. Taking a strong interest in your company’s future by coordinating an Advisory Board will let others know that you are serious about your business’ success.
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Our approach is to provide a definitive yet thorough assessment allowing you, and your company, to consider a broad overview of alternatives to manage the challenges and enhance the performance of your business.

In short, we identify opportunities, work with you and your organization, and enable you to take advantage of business potential and growth. The move to part time, on call, and virtual services has become more accepted in the business world over the past few years. For a fraction of the cost of a full time employee, a small business can have the Controller / CFO function filled by an experienced professional.

We are headquartered in the Tampa Bay area; a portion of our work is handled remotely, yet, we are able to talk, meet, and work with you on a regular periodic basis.

PETER DESMIDT has more than 48 years of accounting, cost accounting, and systems implementation (including QuickBooks, Intuit, Enterprise, Passport, RealWorld, Peachtree, Great Plains, Dynamics, Sage, Direct Systems, SouthWare, ACCPAC, and Computer Associates software) experience, as well as management positions with companies like Atlantic Richfield, Signode, Norlin Industries and R.R. Donnelley and Sons. Peter DeSmidt’s specific experience is as a CFO, Controller, Accounting Manager and Advisory Consultant. He holds a BA Degree majoring in Accounting and an MBA Degree majoring in Accounting and Computer Science. As we are a small business ourselves, we understand what it takes to get a small company off the ground and on the right track.

Contact us for a free initial telephone consultation to discuss the immediate and long term benefits that we can offer you.

We provide part-time offsite and onsite CFO, Controller, Accounting, Cost Accounting, Forecasting, Inventory Management, Cost Control, QuickBooks Problem Solving, and QuickBooks Training Services to small and medium sized businesses.

Visit our website www.desmidtconsulting.com

Visit our mobile website www.desmidtconsulting.mobi

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt, BA, MBA, PA

QuickBooks Certified Advanced ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us to inquire about our Advisory, CFO and Controller Services.

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