Business Financial Assessment

Reviewing Your Current Financial Situation

Do you know and understand the financial health of your company? 

Poor financial management and planning has caused many businesses to fail. The state of your finances are an important area to review to ensure you have solid cash flow, enough working capital, costs in line with your revenue and a solid handle on your debt and borrowing.

Can you answer the following questions

Do you have a solid grasp of the financial standing of your business?

Can you easily get the reports you need to make decisions in a timely manner?

Is your relationship with your lender all that you want it to be, or does it lack something?

If a new opportunity came along, is your company in a financial position to pursue it without having to sacrifice current projects?

What is a Financial Assessment?

A financial assessment reviews your current financial situation on an annual basis, identifies areas of concern, creates goals to address those concerns, and provides implementation recommendations that often include use of a budget.

Comprehensive financial assessment Includes a Complete Review of:

Last three (3) years financial statements and/or company tax returns
Current financing to determine if adequate. What financing is needed for growth and best options for future financing.
Current lending relationships, existing loans, leases and credit lines
Accounts receivables, accounts payable, cash flow and financial stability

Report and Recommendations

Once we complete the analysis, we document all findings and provide you a comprehensive report. This report will contain:
  • Lending relationships that should change, improve or be eliminated
  • New lending relationships should be established
  • New loans or lending that should be added, changed, or increased or decreased
  • An estimation of the time frame needed to accomplish these changes
  • Information about whether your financial reporting is adequate for your size of business or if you need to change
  • Recommendations as to how to accomplish the above changes

We will schedule a one-hour Zoom meeting with you to present the results. We record our meeting so you can listen to the results without having to take notes and then review the details at your convenience.

Contact us for more information on our Financial Assessment service.