The Accounting Group

Simply stated, the definition of a CFO is...

"The CFO is responsible and accountable for all financial aspects of a company. The CFO is also responsible for informing all stakeholders (investor's, creditors, analysts, employees, management) of the firm's financial position. A CFO's focus is primarily on creating and maintaining the optimal mix of internal cash, debt financing and equity financing for the company (capital structure). The CFO plans and oversees the forecasting and budgeting process, maintains relationships with funding sources (investment and commercial banks), and overseeing the controllership functions of the firm. In summary, the CFO acts, thinks, and plans as if it were his or her own money."

Some "CFO While You Grow" services are as follows:

Cash is King - Creating and maintaining the firm's capital structure is the first and foremost responsibility of a CFO. At The Accounting Group we understand that the tracking, planning, and forecasting of your cash position is Job #1.

Budgeting Process - The most important thing in budgeting is the process itself. By including key members of your management team, and getting everyone to become accountable, your budgeting function turns into the cornerstone of a yearlong management process. Whether it is zero-based budgeting, or some other format, our team is well versed in helping you plan and shape your destiny.

Business Plan Development - Whether you are in a start-up mode, or updating your annual business plan, our staff of CFO's are qualified to become an integral part of your management team. We can drive the process or follow your lead.

Forensic Accounting - When you need a firm with the accounting skills of an internal auditor and the general business skills to develop the intelligence gathered, we are the firm for the job. The Accounting Group has the forensic accounting skills necessary to perform work in the manufacturing, construction, and insurance industries.

Policies & Procedures - Structure and organization are the key to long-term profitability. The Accounting Group has a practiced approach at designing a customized Standard Operational Procedure (SOP) manual for your firm, and then work with your management team throughout implementation. Our TAG Policies & Procedures System is worth its weight in gold. Our team has years of experience in not just accounting, finance, credit and administration procedures, but also working with your operational and sales team in setting up your entire company!

TAG Diagnostic - Many owners and managers know what the recurring problems of their company are, they just don't have the time to quantify them. That is where the TAG BIA comes in! We will spend time interviewing your managers and employees, evaluating your financial statements, and comparing you to your industry peers. What you receive is our TAG BIA, a comprehensive report of your company that quantifies everything in your firm, enabling you to focus where the money is.

Regulatory Reporting - If your firm needs periodic assistance with its 10K and 10Q filings, The Accounting Group is the local presence to assist you in a cost conscious manner.

Mergers & Acquisitions - The Accounting Group will assist your management team with the contraction or expansion of your business, or conduct due diligence on possible targets to be acquired. We have experience in the manufacturing, telecom, internet, and construction industry.

Mentoring and Accounting Department Review - Many companies have an accounting staff that has a great deal of potential, they just need a CFO mentor to show them the ropes. The "tricks of the trade" cannot be taught overnight, however, with monthly meetings and periodic reviews, you will be amazed at how much more efficient your on-site can become. Typically, the head of your accounting department enjoys the outside mentoring, and the department itself expands its role in the company.

Accounting and Financial System Conversions and Upgrades- We assist clients in the selection, installation, set up and training of computerized accounting software. Since we are not a reseller of accounting software, The Accounting Group provides an unbiased opinion on the software that is right for each client.

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