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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Are You Running Your Business Without a CFO? Seriously?


By Jon C Daiker

The role of Chief Financial Officer (CFO) -and the structure in which CFOs operate-varies significantly across organizations. Market complexity, revenue sources and budget size are important factors that drive how the CFO role is configured-and how the role evolves over time.

The past decade has seen dramatic changes to the role of CFO – an evolution from a “bean counter” who reported the numbers and controlled over-all costs to a dynamic, strategic member of the management team. The responsibilities of today’s CFO have gone well beyond the finance function as more time is expended on strategy and operating issues and less on budgeting and accounting. Increasing business pressures, government regulatory intervention, the tight economy and a need to measure the operating performance of a company in order to stay ahead of the competition has transformed the “green eye-shaded” CFO into a key business partner of the CEO.

An interim CFO can fulfill a vital role in keeping a company on track, both in terms of day-to-day operations as well as longer term strategic objectives during these transitions. According to The CFO Expert, Samuel Dergel, even if a company is truly serious about hiring their next CFO and makes the search a priority, it could take up to 3 months to complete the search. “Can a company afford to leave this position unfilled for up to 3 months or more”?

In order to answer that question, let’s look at some of the responsibilities of the CFO on which organizations have become very dependent.

Cash flow is of utmost importance for all companies, and a tight economy really exacerbates managing the cash flow situation. To be successful, today’s CFO needs to manage both sides of the balance sheet.

On the asset side, managing the company’s accounts receivable balance becomes critical. How many days’ sales are outstanding compared to a year ago, compared to industry standards, compared to the company’s best ever? Has the company’s aging deteriorated? What can be done to accelerate collection? How much will it cost? What has been written off and why? Does the credit extension policy need revision in light of economic conditions? No business can afford to lose sight of any credit extension factors and the collection of outstanding accounts receivable balances. Who is the key to all this? —-the CFO and the financial staff.

Again, on the asset side of the balance sheet, a potentially huge use of cash that needs to be managed is inventory level. In a tight economy, consumer spending habits change. In response, production output probably needs to be reduced. However, cutback production too far and sales may be missed. A lot of analytical work needs to be done by the CFO and the financial staff to understand which SKUs are moving on a regular basis and which ones have started to stagnate. If production is cut, what facility is most efficient and has the capacity to meet new needs? What are the economics of the labor agreements in the plants where downsizing would occur? No business can afford to lose sales, build inventories without demand or make bad decisions on plant cutbacks. Who is the key to all this? —- the CFO and the financial staff.

One last area of concern on the asset side of the balance sheet is capital improvements. Even in good economic conditions, capital investment decisions are somewhat subjective. There are always a lot of assumptions that need to be made and challenged. A tight economic environment only intensifies the decision making process. And when funds requested are for an intangible like software, assumptions are difficult to challenge and evaluate. No business can afford to forego ROI and Payback analysis at any time, let alone in a tight economy. Who is the key to all this? —- the CFO and the financial staff.

Turning to the right side of the balance sheet, accounts payable and accrued expenses can be an important source of funds from a cash flow perspective and require more scrutiny and management in tough economic times. Understanding vendor agreements and negotiating better terms are responsibilities of the CFO and the financial staff. No business can afford to leave a stone unturned if the goal is to maximize cash flow and minimize borrowing. Who is the key to all this? —- I think you know the answer!

One of the CFO’s primary responsibilities in all economic environments is ensuring there are adequate funds available through loans, lines of credit or equity. These agreements require continual monitoring to avoid default. Also, determining if market conditions are right for a refinance or equity offering are equally important. No business can afford to default – the market waits for no one, so be ready to refinance when appropriate. You know who is the key to these transactions.

The tactical responsibilities detailed above all support the day to day activities of cash flow management which by itself is a full time job. And that is before the control and reporting aspects of the CFO’s responsibilities are considered. When you add all the regulatory responsibilities that are now part of the CFO’s portfolio, the CFO is truly moving from “bean counter” to “jack of all trades”.

The CFO’s responsibilities go well beyond finance into balancing compliance and risk management with overall business performance. A CEO needs the CFO to take a leading role in shaping strategy that drives bottom line results while managing risk. Market conditions are continually changing and the CFO needs to recognize change as it relates both to control as well as business performance.

The executive team needs to seize opportunities as they arise. Understanding and monitoring evolving business drivers and developing models that portray the “what ifs” of new market conditions requires diligence as well as consistency. Management needs to know the deeper sense of how business will be affected by various scenarios. The CEO is no longer relying on marketing and business development to make these decisions without having applied the financial analysis tools of the CFO and the financial staff. No business can afford to approach these scenarios in a haphazard way, as a wrong turn could cost the company millions of dollars and a potential loss of market share. Who is better equipped to address these issues?

Increased business pressure and the tightening of purse strings are causing the CFO and CIO to work more closely together to leverage technology to cut costs and improve processes. The need for real-time operational and financial data and analyses is being demanded by management and the need to respond to the fast pace of today’s market conditions. Processes need to be streamlined to adapt to the ever-changing business and market demands to meet key business goals and improve the bottom line. Again, these decisions are more subjective and can negatively impact the bottom line if the appropriate analysis and due diligence are not performed. Here, again, you can’t afford to proceed down the process improvement path through technology improvements without the scrutiny and challenge of the CFO and the financial team.

With the changing focus of the CFO’s responsibilities and financial management in general, the CFO is becoming a strong business leader. More involved with the evolution of the company’s culture, concerned with the development and mentoring of the financial team, the CFO must now instill financial acuity into the whole organization. Assisting the CEO and other key management personnel with talent management is only the tip of the iceberg. Today’s CFO must instill a sense of confidence and credibility with all stakeholders….employees, customers, partners, business analysts, and shareholders.

The CFO’s role is no longer one just of stewardship, statistician and historian. The narrow purview of years past of reporting, compliance and controls, while still part the CFO’s responsibilities, has evolved into strategist, visionary, technology leader and communicator. The CFO role has become the glue that holds everything together and moves the organization forward—balancing compliance and risk management with business performance goals. CFOs have emerged as the key business partner to the CEO. CFOs require an understanding of the company’s markets and the evolving business drivers, as well as broad knowledge of the organization and the relationships between functions. And CFOs require the communication skills to recognize the concerns of all stakeholders and assure them that the accountability and integrity of the company and its management is not being compromised. A business that wants to become or remain a market leader and create value for the shareholders/owners cannot afford to be without the strong business leadership of the CFO for any period of time, including the candidate search window, without jeopardizing the company’s performance. That is why an experienced Interim CFO can add value in a time of change, provide steady and seasoned direction in a turbulent business situation, and continuity and counsel to the CEO, executive team and eventually to the new CFO. Every business of substance could use some CFO assistance whether it’s full-time, part-time, or on an interim basis.

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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 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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QuickBooks Help Save Small Businesses Money at Tax Time

Many small businesses use QuickBooks for their bookkeeping software. It is a fabulous way to maintain financial records in a convenient way, especially around tax time. If done correctly, your QuickBooks file should make tax time a breeze. However, if you have made small mistakes in recording throughout the year, you may be paying more taxes than you owe. Overpaying is never a good thing for a small business, so to avoid this situation you should have a qualified consultant review your files to look for mistakes you may have made during the year.

One way an error can happen when a business owner contributes their own money to their business. It happens now and then that you may have to use your money for a business expense. If this money is simply recorded as income, it will be taxed. This type of income must be specified as an owner contribution to the business within your QuickBooks file in order to avoid being taxed. Don’t make this mistake and find yourself paying tax on your own money.

Often, instead of giving money to use for your business, a business owner will loan money to their business. These are funds that will be paid back to the owner, possibly at a more stable financial time in the business. Remember, you only pay sales tax on income not on loans or contributions. Record this type of credit as loan so it will not be mistakenly taxed as income.

Many business owners use credit cards to make purchases for their business. QuickBooks is able to sort these charges and recognizes them as expenses for your business if they are recorded correctly. Suppose you purchase new office furniture from a superstore and simply record the total amount spent. QuickBooks needs to know what type of expense this was so that it could be correctly classified. This would be an office expense, and would be a tax deduction for your business. Take the time to specifically record credit card charges rather than just a one-time charge to your credit card company in order to receive accurate deductions.

QuickBooks also keeps track of how much sales tax you will need to pay to the state. However, if you have not recorded each of your income and expense transactions correctly, the sales tax payment may be too high. For each sale to customer, the amount of the tax must be recorded separately from the cost of the item. The amount you will pay to the comptroller will also need to be correctly recorded through the ‘Pay Sales Tax Liability’ window.

Finally, a common mistake people make both in business and in personal finance is incorrect recording of ATM or debit card purchases. It’s easy to swipe your card making a quick transaction and be on your way. It is crucial to record each debit or ATM use correctly. Think of it as each time you use a debit card, it’s just like writing a check and must be recorded just like a check would be.

Anyone who uses QuickBooks knows the value of this software. It makes the business owner or bookkeepers job much easier. However, it is always a good idea to have an experienced QuickBooks help consultant review your file at tax time to make sure you are not paying too much in taxes.

Article Source: http://EzineArticles.com/5146558

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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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When You Need Accounting or QuickBooks Help for Your Business

By Desirae Washington

If you have recently started a business or have been in business for a while and are now in need of bookkeeping or QuickBooks help, it may be time to seek the help of an experienced and qualified professional. You may attempt to do you own bookkeeping or fix problems related to your QuickBooks file yourself, but at some point this may do more harm than good and the money you saved is suddenly not worth the hassle. There is no reason that you can’t take care of your own books as long as you have the necessary training and time on hand. You also have to take into consideration the dreadful nightmare if your unorganized books result in an IRS audit of your tax returns. Your accounting system must be well-kept so that you know how profitable your business is doing and that your tax returns are prepared accurately.

When you encounter one of the issues below, it is time to get bookkeeping help or QuickBooks help for your business.

You have started to pay yourself or your employees and now have payroll taxes to pay and payroll forms to file.
You can’t tell which expenses are ordinary, necessary and reasonable for tax purposes.
Your bookkeeping system does not provide a clear picture of income and expenses.
Your QuickBooks file has general ledger errors resulting in inaccurate tax data.
Your profit margin does not look accurate.
You have a headache from your own bookkeeping.

If you are a sole proprietor, you do not need to hire employees and pay payroll taxes. If your business is a corporation, partnership or LLC and has decided to add employees, one of the most important procedures becomes processing payroll and paying payroll taxes. You will need an EIN, to withhold taxes from employees, pay employment, unemployment and social security taxes. You will file quarterly and years payroll taxes as well as year-end W2 forms. This can be a daunting task if you decide to do it on your own. You may want to seek a payroll company, professional accountant or bookkeeper to process your payroll to avoid costly mistakes.

One of the main reasons business are audited by the IRS is due to improper classification or deduction of expenses. If the expense is not ordinary, necessary and reasonable for tax purposes, you may face an audit from the IRS. Personal expenses should always be kept separate from business expenses and should never be included on your business tax returns. You have to be able to back up and justify each and every business expense deducted.

If your business QuickBooks file is not setup properly, your general ledger accounts may cause a problem with bookkeeping and tax preparation. Getting a Certified QuickBooks ProAdvisor or Accountant to provide QuickBooks help and bookkeeping help before your business tax returns are prepared could help you avoid costly mistakes. Your income and expense must be properly categorized to generate accurate financial statements and tax returns.

Your accounting system should provide a very clear picture of the business income and expenses. If you know your business made profits for the year, but your QuickBooks accounting file is showing no profit or a loss, there may be a problem that needs to be researched and fixed. You should not attempt to fix the problem yourself if it would get your books into a further mess. Get QuickBooks help to determine if your books are setup properly and all income and expenses are flowing to the proper accounts. This is detrimental to proper tax return filing.

If you are just fed up with doing your bookkeeping yourself and the headache is just not worth it, it is time to hire a professional bookkeeper or accountant so that you can focus on growing your business and other important areas of business management. If you can’t afford to hire a full-time bookkeeper, you may want to look into part-time bookkeeping and accounting help from an outside company that specialize in bookkeeping and QuickBooks help. A Certified QuickBooks ProAdvisor can provide such as QuickBooks review, QuickBooks setup, QuickBooks quarterly tune-up and QuickBooks training if you wish to continue doing your own books but need to learn the basics to produce accurate books and tax returns.

Article Source: http://EzineArticles.com/7375127

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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 Accounting and QuickBooks Services.

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Benefits To Be Gained Through a QuickBooks Consultant

By Richard C. Tyler

A QuickBooks consultant can offer quite a few benefits to your business, which is why hiring a professional is so critical. QuickBooks is software that has been designed to help your business in many ways which include organizing, billing, reporting and monitoring functions. However, understanding these functions and using them to their fullest potential isn’t really easy from the scratch, which is where hiring a professional consultant could prove valuable. You could have a full fledged employee who handles your QuickBooks. You can also hire a consultant for a limited time period for knowledge transfer, if you are sure that your business needs don’t demand extended expertise.

Payroll is an important component of running a business. The QuickBooks consultant can help you manage payroll functions weekly, monthly or fortnightly and also take care of taxes and other employee benefits. QuickBooks E-Pay can help you avoid tax penalties and tax filing worries. The consultant can also help you with the general ledger accounts, vendor bills and invoices and streamline payments and receipts making things as transparent as they should be for the long term benefit of your business.

A QuickBooks consultant can use the advanced features of the software to help your business through profit and loss analysis. Understanding which departments are costing you money and which ones are reaping profits is important for every business. There could be inefficiencies which the software can highlight for you to set things correct straightaway. A professional and well versed consultant can help you track income flows and chart the losses to identify what changes are required in the way you conduct business if any.

If your business is still in the evolution stage, a QuickBooks consultant can help in setting the basic infrastructure for processes. Similarly, reviewing customer accounts of a business and identifying what have gone past due dates is equally important. The consultant can help you use QuickBooks to track sales and expenses related to domestic as well as international businesses. The time of a consultant can be used judiciously to engage and train employees through available QuickBooks tutorials. A consultant can answer questions related to company expenses, employee payrolls or quarterly statistics easily thus charting the direction in which the business is going. Checks and receipts, invoices and sales are all important and can be overviewed through reports created by the consultant after understanding the basic setup of the business and its needs.

Article Source: http://EzineArticles.com/?expert=Richard_C._Tyler

We provide part-time offsite and onsite QuickBooks Consulting, QuickBooks Training, Inventory Management, Cost Control, Accounting, Cost Accounting, 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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Benefits of Retaining Us to Perform Your Remote Accounting Services

Business meeting

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, CFO and Controller Services
  • 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
  • Risk Management and Controls
  • 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 http://www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt,

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Small Business Year End Financial Planning

Business meeting

For calendar year companies, November starts the “End of Year” accounting process.  Here are some practical guidelines to get out in front of the End of Year and be ready and more prepared to succeed next year.

  1. Get your internal and external team on board – the Entrepreneurs, the Controller, the Bookkeeper, the business CPA, the Tax Preparer, the Payroll Service, the Attorney, the K-1 recipients, and the Personal Financial Planner.
  2. Plan for your next year Budget – review for next year revenue planning and cost control, including tax incentives for fixed asset additions – including equipment and software.  Review – is the basic financial model still sound?  Should we expand into a new line of business?
  3. Defer your income / let your receivables payments slide into January.  Payments your company can receive during January, as opposed to December, may cut your tax bill. Any deferral strategy will depend on your profit and loss for the year and your business legal structure, so check with your accountant first.  Make sure your cash flow can handle the deferred receipt.
  4. Increase expenses. If you have been thinking about upgrading equipment, software or other business items you require in the immediate future, purchase those items this year to maximize your deductions. If you can see a need for goods and services in the first quarter of the New Year, buy them now if cash flow permits.  Remember that pre-paying the expenses for the next year will have impact on the tax position of the next year.
  5. Ensure that your planned Capital acquisitions have been completed.   Take the benefit of the section 179 deduction – if you have purchased any equipment up to the current dollar limit, you may be able to claim a deduction for the entire amount for the current year.  There is no need to keep on depreciating it over a number of years.  The only condition for such a deduction is – the equipment must be installed and it must be running before the close of the year.  So you can make purchases of necessary equipment and software for your business at the end of the year and claim the entire amount as a deduction.  Remember, this deduction cannot exceed your taxable income.
  6. Decide about year end bonuses now.  If you won’t be able to give a bonus to employees who have received them in the past, tell them now, so that they can plan accordingly.  You don’t want to have that kind of negative surprise later this year.
  7. Consider raising prices now.  While you may not be able to do so, don’t overlook this possibility if you haven’t adjusted your pricing recently, and, in particular, if your costs have increased.  Also, consider resourcing many of your purchased raw material and inventory items – if you believe that they can be sourced better.
  8. Update your website – that’s an entry point for many purchasers.  Use your website to provide information that will enhance your business position as an expert company in the field.  Offer some promotional incentive to move inventory.
  9. Review your obsolete, unneeded, and slow moving inventory items.  Depending on your accounting process, you may wish to check your inventory for goods that have been damaged or have become obsolete.  Also, the end of the year may be the ideal time for a physical inventory count.
  10. Reconcile all balance sheet accounts, including Cash, Receivables, Payables, Prepaids, Accruals, Undeposited Funds, Notes and Loans, Credit Card Accounts, Payroll Liabilities, and Equity Accounts.
  11. Consider outsourcing domestically, additional areas and tasks for the New Year – CFO and Controller services, Payroll and Human Resources services, and Information Technology services.

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.

Visit our website http://www.desmidtconsulting.com

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

813-252-9490

Thank you,

Peter DeSmidt

Contact us to schedule a free consultation phone call to learn more about how our year end services may be able to help you.

Five Biggest Reasons For Considering QuickBooks Hosting For Your Growing Business

By Shalu Singh

In today’s era of high competition, businesses are working hard to achieve the highest in every business aspect. Sometimes because of the burden of responsibility, they find it very difficult to manage everything from top to bottom. However, for a business to prosper one has to manage everything effectively and efficiently, especially the most important field of any kind of business industry that is accounting. Managing accounting data is as much difficult as essential for the business success especially for SMB’s as they find traditional accounting practices unaffordable. Every small business knows very well that accounting is a necessary evil that will take a lot of time and efforts, and can frustrate CPA’s while doing bookkeeping or further leads to data complications. Financial audit dealing and reporting may not look the most exciting part of a business but if treated in an effective way then these practices can provide considerable benefits.

From small to mid-sized businesses across the globe, people are taking advantages of cloud services to connect easily with clients to make their business practices more effective. The cloud technology has a lot of features that gives Startups and SMB’s the ability to avail most of the benefits that previously can only be afforded by the big boys with a big budget. In the case of managing finance and accounting data, many studies have shown that very few businesses are relying on hard drive or spreadsheet to store data. As every business person knows the importance of accounting and wants to reduce the bookkeeping and accounting frustrations, they are shifting towards the most cost-efficient accounting system. Yes, we are going to talk about latest technology in trend for accounting treatments – QuickBooks cloud hosting. With days, people are turning towards QB hosting for their financial treatments.

No matter from where you are going to use it – you login outside, in the office or dedicate it in your home for your 24/7 remote access, it will ultimately be cost-effective and less risky to host your data for these below listed 5 major reasons:

Security And Spam Protection: Security of an on-premise data are very hard to guarantee. Most of the time, there is no real security of data in typical offices having many devices with USB connections that may lead to many serious business security risks. Chances are that your confidential data may get broken or lost. But by hosting QuickBooks you can safely store your data in the cloud. In data centers, there are a lot of security practices such as the implementation of most efficient Antivirus and firewalls to protect it from disasters. This will provide more consistent computing environment.

Cut Costs And Control The Way You Use Your Resources: In earlier days, businesses were relying on local computers, each time at the refreshment of hardware, they had to plan in a new way for their needs. But with the time, they shift from on-premises to the cloud servers since it provides them a tighter control over their business expenditures with predictable costs. It will also help to increase ROI by eliminating the cost of setting an in-house infrastructure and maintenance. This means to run QuickBooks application, you only have to pay for RAM, disk space and bandwidth that your cloud server uses. In other words, you don’t have to prepay, pay when needed. The best part is that it can save almost the half of money by controlling the way you use your resources with QuickBooks hosting.

Go Green With Cloud Accounting: Today everyone is talking about the buzzword “Global warming”, from plastic bottles Reutilization to reusable coffee cups, putting their best possible efforts to make the world green. But, do you ever think that how reducing all those paper works and moving business software system to the cloud will help to go green? Many worldwide types of research have shown that how cloud technology could reduce Data center usage in upcoming years. So, In this way, by hosting the most efficient cloud accounting software – QuickBooks can help SMB’s to eliminate resource use, the risk of error, and expenses. The staff is no longer bogged down by repetitious tasks that drain hours of productivity. Every department of a company can help themselves by using cloud hosting as they don’t have to shift their computers and other hardware one place to another, they can work seamlessly without any shuffle. In the cloud, businesses can Go Green and Grow Green.

Rapid Elasticity: Elasticity is another name for scalability that simply means the ability to scale up and down the capacity based on performance. Forecasting future demand is always a tough deal and there is an uncertainty with business risks. So definitively, SMB’s will opt for a service that provides them an opportunity to increase or decrease the demand for service. And by using QuickBooks hosting, businesses can meet their expectations during busy periods and off – peak periods by increasing & decreasing the capacity per use. By this way, one can easily manage the resources as per the use and monitor the resource utilization and performance. This means with QuickBooks hosting, clients are served with on-demand service quality.

Increased Productivity With Anytime-Anywhere Access: Everybody wants a hassle free environment to work. They try to handle everything on their own and in the case of software installation; if PC crashes, they lost their productive data. With anytime accessing of QuickBooks file through a highly available host, they can boost their productivity in multiple ways. Without interrupting each other, CPA’s can log on to their clients QB files at any time from any location at once. It also allows 30 people accessibility to the same application at once.

Bottom Line
In a nutshell, QuickBooks hosting is all in one package for accountants. It is as versatile as a small business owner wants with a lot of unexpected benefits. Are you ready to avail these benefits and move towards QuickBooks hosting?

Article Source: http://EzineArticles.com/expert/Shalu_Singh/2332998
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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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Who does your Bookkeeper / Accountant turn to when they don’t know the answer?

By Megan Prentiss
Business.com / Strategy / Last Modified: February 22, 2017

You? Your accountant? Get in a temp? Maybe you need an affordable part time Controller or CFO.

You, the entrepreneur, are already wearing 16 hats, and you have no desire to be accountant. You do not have the time, and sometimes do not have the expertise, to answer questions but what else can you do?

Phone your external accountant? You either do not want to bother them because you don’t want to see another bill from them until next year, when they do your tax OR you know how busy they are and you don’t know when you will receive an answer (maybe next year, when they do your tax). Alternatively you will be sent a junior member of their team who you will have to spend time with explaining your business to, again.

If you can afford to employ a Controller/ Chief Financial Officer that might be the answer but what if you are a small, growing business?

If you have a specific project (e.g. catching up with your books, preparing year end working papers, preparing a cash flow forecast for your bank manager, etc.) then you can phone a temping agency. This can work well for one-off projects but if you need somebody a second time, or a third time, you will probably be sent a different person who you will, again, have to spend time with explaining your business to. Do you really want to discuss your private affairs with yet another person?

There is now a growing number of Accountants who will be your Controller/ Chief Financial Officer on a part time basis. These “virtual CFOs” often charge a similar hourly rate to temp agencies and considerably less than firms of accountants (because they work from your premises and don’t have an expensive office and team to support). They get to know you and your business so you only have to explain yourself once. They will often guarantee a response within 24 hours (if not less) which will reduce any worry or stress caused by your question/ request. They will also accompany you the next time you need to see your bank manager. They will manage your bookkeeper for you and manage whatever administrative tasks are currently bogging you down (including finance, IT, HR and insurance) – giving you back your valuable time. Some virtual CFOs will do all of this for a fixed monthly fee, so you know in advance how much their invaluable services are going to cost you.

How do you find a virtual CFO? Ask your Accountant or bank manager to recommend one for you.

How do you know you have found the right virtual CFO for you? Ask yourself if you like them as a person – if you get on with them then you are more likely to phone them with that quick question and more likely to listen to their answer.

For how many hours per month do you need a virtual CFO? This will depend upon the size and complexity of your business, the knowledge and experience if your bookkeeper and the number of administrative tasks are currently bogging you down (including finance, IT, HR and insurance). A good starting point is 2 days per month.

Can I afford a virtual CFO? You can’t NOT afford one! Asking a virtual CFO to share some of your load should be a cost neutral decision given the amount of time, tax and stress they will save you.
———————

DeSmidt Consulting, Inc.

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

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 ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

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

imagesRMWHBYUM

Tips To Effective Working Capital Management

By Marcus L Jimenez

Working capital is the available cash on hand for the day-to-day operations of your businesses. And this can be affected by numerous factors, which include internal mechanisms and external issues.
Another factor that will have a huge impact on your working capital is the unwarranted focus on the task of coming up with excellent sales results. Oftentimes, this has a negative effect on your working capital performance. When your business operations marked seasonality and the requirements of your working capital vary from one quarter to another, there will definitely be a great chance for your working capital performance to be affected negatively.

Indeed, proper capital management will ensure that you maintain enough liquid resources for your everyday business operations. Proper manage will involve attempting to achieve a balance between reducing insolvency risks and maximizing your asset’s return.

How To Manage Your Working Capital

Create proper cash flow projecting – This process must consider the market cycles, the loss of a valued client, the actions done by your competitors, and the impact of all unanticipated events to your business’ overall performance. Moreover, you must also consider the unexpected demands of your capital.

Craft contingency plans for unexpected events – Regardless of how profitable your business is, you must always ensure that you are well-prepared in case unexpected events arises. You need to hone your skills in efficiently managing any uncertainty by formulating risk management procedures. Remember though to establish these procedures based on the objective and realistic view of your working capital requirements.

Use your working capital in a corporate wide basis – This is regarded as among the most effective capital management strategies because this will help make sure that your business’ cash on hand are utilized in various functions. This can be performed by using such cash from one place to another. Making sure that different aspects are in place is a great way of efficiently implementing this tip. These will include efficient banking channels, excellent linkages between production and billing, effective internal systems, information access, and good treasury practices.

Manage disputes properly – This can free up cash that have been locked in due to certain disputes to clients. Customer service can also be improved with efficient dispute management procedures. Most importantly, your business efficiency is expected to improve since you can begin to minimize operating costs via this tip.

These tips will definitely help you in measuring the operational and financial efficiency of your business effectively.

Article Source: http://EzineArticles.com/expert/Marcus_L_Jimenez/1865448
———————

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

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 ProAdvisor

Microsoft Certified Accounting Application Specialist

Microsoft Certified Installation Specialist

Contact us for a free telephone consultation to learn more about how our business may be able to help you.

imagesRMWHBYUM

What Part Time CFO Services Can Do for Your Company

Business meeting

By Ela Melich

Money can be considered the blood of a business. It enables all the departments to function to let the business survive. Money is needed to establish a business and gaining more of it is why a business is put up. Keeping track of the financial processes in a business is an essential and challenging task. Accuracy and promptness is needed. For your business, you can get part time CFO services.

A chief financial officer, or CFO, is responsible for facilitating the financial processes of a company. This may include financial risks, record-keeping, reporting, financial planning, and others. The officer may also be responsible for data analysis. Today, CFOs can function in the area of business strategizing. They can also be advisors to the CEOs. A chief financial officer plays a big role in the development of a company.

Every corporation, no matter the nature of their business, can greatly benefit from having a chief financial officer. A company can even get part time CFO services, so that at least someone is managing the finances for the meantime. Part time CFO services can help a company function properly while it looks for the right person to become the chief financial officer. These services are especially helpful for large corporations that need immediate assistance.

If your business is in need of a chief financial officer, but you have not yet found a qualified candidate yet, an interim or temporary CFO can help you. Interim officers from CFO services are experienced, so they do not need a long period to become familiar with the dynamics in your company. You may no longer need to do thorough training, which can be time-consuming. This is good if you urgently need a CFO.When you get CFO services, they make sure to place the best officer for your company, based on the nature and conditions of your business, and the capabilities of the CFO. These part time chief financial officers have experience in many industries. Among these industries are construction, manufacturing, retail, healthcare, and food and beverages. CFO services can help companies that range from small to multinational.

Another benefit in getting a part time CFO for your company is that you may not be limited to a contract. You can work with a temporary officer while searching for a full time one. A company can also hire an interim CFO on a long-term basis, if that is what it needs. These CFOs can help improve the skills of your finance department. They can help business leaders come up with strategies and make critical decisions. With this, you have assistance in achieving your goals.

Article Source: http://EzineArticles.com/expert/Ela_Melich/1225578

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

Ask us for help with your small business Accounting and Management tasks.

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 how our CFO and Controller Services can help with your problem solving.

imagesRMWHBYUM

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You Can Benefit From Our Small Business Advisory Services

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Business Consulting
Even the most qualified managers can benefit from competent, objective feedback. We can help your company’s management team develop long-term objectives and specific strategies to facilitate your business’ future growth and success.

We can provide your business with small business consulting, virtual, interim and temporary accounting, controller, and CFO services, business and financial planning, CEO and COO support, project management, cost control services, strategic planning, business valuations, business start up advice, lease purchase analysis, and outsourced accounting services.

Supply Chain Consulting
Global studies suggest that many executives rate supply related risks as the top threat to revenue. We can help you minimize risks related to supply interruptions, security threats, weather threats, labor disputes and customer demands.

We instruct our clients on how to identify, manage and monitor supply chain risks resulting in process improvements and improved efficiency.

Strategic Consulting
Strategic planning is a management process for evaluating your current business, determining your strategic direction, and road mapping your strategic plan into practical actions. A strategic plan explains why an organization exists, what it is trying to accomplish, and the tactics it will take to achieve its goals and objectives.

We will develop the business planning and financial modeling necessary to formulate a forward-thinking, evidence-based strategic plan. We can help you develop your strategic direction and then focus on specific actions to put your plan into action.

Profitability Management
Profitability Management involves integrating the pricing objectives of often conflicting functional areas of the organization into a comprehensive plan to effectively set and capture prices.

We can help you attain the greatest value for your pricing strategy by developing an optimal pricing strategy, implementing effective pricing processes, measuring and controlling price at the transactional level and integrating technology with the processes utilize for your pricing strategy.

Cost Reduction
We implement and expedite cost-savings initiatives for all types of organizations. We combine a data-driven procurement strategy with market proven purchasing techniques to provide significant cost savings to our customers.

We specialize in using financial information to identify those areas of the business that provide the greatest opportunity for expense reduction and cost savings resulting in improved value for the organization.

Policies and Procedures
Many businesses fail because they have the right strategies but are unable to put them into practice because of failures in the processes necessary to implement those strategies. Whether your business processes are broken or in need of improvements we can help you break through your execution problems.

By analyzing existing processes, identifying bottlenecks and redesigning or improving the processes we can significantly reduce costs and improve satisfaction for all stakeholders in your organization.

Systems Consulting
When considering the installation of an accounting software system, you want to be certain to get the one that’s best for your business. We can provide your business with needs analysis, accounting systems design, chart of accounts design, software selection assistance, software installation, implementation and setup, financial statement design, file conversion, training, support, and guidance.

Management Advisory Services
We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.

We can provide your business with product line profitability analysis, inventory and purchasing control, employee benefits planning and analysis, operations and office procedure documentation and advisory services.

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

Contact us www.desmidtconsulting.com/contactus.html

813-252-9490

Thank you,

Peter DeSmidt

The Resounding Benefits of Carbonless Forms

By Bryan Fuller

The Uniqueness of custom carbonless forms is that they are very emphatic and  cost effective forms for your businesses. They are very simple, unique and  creative receipts. More often than not, 2 part ncr can be designed by  implementing the latest graphic design tools and techniques. On the other hand,  they can be manufactured by using full color schemes. Neither gloss nor matte  finish techniques would be used for carbonless printing. Bear in mind that  neither embossing nor debossing techniques will be used for it at all. Moreover  you have to avoid of using foil stamping and UV coating techniques as much as  you can. Therefore the benefits of using them are more than enough beyond your  expectations. For example one of the biggest advantages of implementing  corporate receipts is that they would make your industrial targets simpler and  simpler in a cost effective manner.

Secondly 2 part ncr sets would eradicate your sales pressure immediately.  With the usage of it you would be easily able to put aside your buying and  selling receipts in a trouble free manner. Another competitive edge of using it  is that it would increase both the client and customer retentions in an  impeccable shape. Furthermore it would enhance the trustworthiness in your  businesses for long time. Besides, they would definitely enhance the  effectiveness of the corporate businesses in a continuous manner. Finally we can  say that they are wonderful forms especially for the corporate industries. In  short, they are really cheap, simple and cost effective forms for the modern day  businesses globally. So please try to use them for your order purchasing  purpose.

Article Source: http://EzineArticles.com/?expert=Bryan_Fuller

Article Source: http://EzineArticles.com/5846478

About Us

We provide standard and custom business forms printing, accounting, controller, CFO and small business consulting services. We also provide help, training, guidance, support and accounting services for QuickBooks, Enterprise, Passport, and RealWorld accounting software.  Our standard and custom business forms are printed by one of the largest multi plant commercial printing companies in the United States.

We offer a complete solution for all types of standard and custom business forms to include computer checks, continuous forms, register forms, laser forms, sales books, snapset forms, covered books, envelopes, invoice forms, receipt books, sales order forms, contractor forms, proposal forms, service business forms, general business forms and many more.

Our custom business forms can include

  • Custom logos
  • Free Composition
  • Quantities as low as 250
  • Up to three ink colors
  • Numbering
  • Up to four or five parts
  • Backprinting, blockouts, and screens
  • Perforations and drill holes
  • Matching envelopes
  • Free proofs by email
  • Fast turnaround

You can start with modifying one of your or our existing forms or create your own custom business form design from scratch.  Contact us today to request a quote and to find out how Custom Business Forms can work for you and your company.

Ask us for help and support – this is what we do.

Visit our website www.desmidtconsulting.com

Visit our online business forms catalog http://desmidtconsulting.btobsource.com

Visit our mobile website http://www.desmidtconsulting.mobi

813-252-9490

Thank you,

Peter DeSmidt,

Growing Your Business With A Virtual Part Time Controller / CFO

Business meeting

Small and medium-sized businesses 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.

In order for your business to be the best, you need to execute your financial strategy in a well-planned and effective manner. With a talented Accountant, Controller or CFO you can focus on critical areas of your business such as marketing, sales and customer satisfaction, while knowing that your long term planning and financial reporting are being handled by a seasoned professional.

Growing businesses often reach a point where they need professional financial and accounting advice, but can’t afford a full-time Accountant, 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

Outsourcing your Accounting, Controller or CFO services, to us, is a cost effective solution when the cost of a full time staff employee is not justified. We provide virtual, offsite, onsite, and part time on going Accountant, Controller and CFO Services to include:

•Accounting Systems and Controls
•Financial Statement Analysis and Reporting
•Strategic Planning and Advising
•Cost / Revenue Benefit Analysis
•Profitability Analysis by Service or Product Line
•Budget and Forecast Preparation and Monitoring
•Treasury / Cash Flow Management and Analysis
•Negotiations for Financing and Operations
•Reorganizations, Mergers and Acquisitions
•Develop and Analyze Business Plans
•Software Selection and Implementation
•Software Training and Support
•Inventory Management and Control
•Documentation of Policies and Procedures
•Business Start Up Guidance
•New Business Formation
•QuickBooks and Enterprise Training, Setup and Support
•Participating in the Strategic Planning Process
•Setting Financial and Organizational Goals
•Providing Financial Due Diligence Management
•Assistance in Obtaining Financing / Capital Planning
•Performance Management
•Accounts Receivable and Accounts Payable Management
•Monthly and Year End Closing Assistance
•Accountant Staff Evaluation, Training and Utilization
•Growth Development Strategies

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.

ROLE OF THE VIRTUAL CONTROLLER / CFO

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

The role of a virtual Controller / CFO extends beyond the handling, management and documentation of bank transactions, credit card statements, loans, liability and asset accounts, and payroll management to encompass trend analysis, responses to regulatory notices and deadlines, periodic reviews of accounting files and records and off site and onsite services.

The greatest advantage of hiring an external finance professional is that the business needs to pay only for the services received and can safely avoid the burdens of full time salary, paid holidays, additional perks and bonuses.

OUR APPROACH AND SOLUTION

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 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; the majority 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 45 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 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 Forecasting, Inventory Management, Cost Control, QuickBooks Problem Solving, QuickBooks Training, Accounting, Cost Accounting, Controller and CFO 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

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