Financial Oversight
Regardless of the type of organization you are running, financial success is the key to
your future. You can have outstanding programs, an innovative approach to a service,
the most dedicated staff in the world, or the highest quality products but unless you
are financially successful, your business will not be sustainable. Cash flow management
is crucial along with the establishment of internal controls, management of employee
health benefits, and putting into place effective cost control measures. AdminService
can support you in strengthening your fiscal management, which in turn protects the
core values of your business. In the convenience of your office, we will work with your
staff to assess the systems you have in place. We will then provide you with sample
financial models and a written report of suggestions and recommendations.
Ah, the budget. What does this bring to mind? Long hours of preparation, analyzing page
after page of numbers, only to be completed, approved and filed away in a drawer until
the next year. Or do you recognize that a budget is an invaluable tool in the
management of your business. A meaningful budget is the result of a systematic process.
Whether your business or school is large or small, for profit or not for profit, a
co-op or a corporation, a budget is essential. In the same manner that you set goals
for your business, a budget sets your financial goals for the year. It provides a means
to evaluate your actual results, both income and expenses, line by line, program by
program. Our passion for the value of a budget will become evident as we guide you and
your staff through a comprehensive budget planning process designed specifically for
your business.
- Do you create monthly financial reports?
- Are they clear, accurate and timely?
- Are they analyzed by you, your staff, the board or a finance committee?
- Does your monthly profit and loss statement compare budget to actual?
Financial statements provide information on how your business is running.
They highlight areas of strength, areas of concern, and trends. When read
together, a Statement of Financial Position (Balance Sheet), a Statement of
Earnings (Income Statement) and a Statement of Cash Flow reveal the true
picture of the financial health of your business. Understanding and
interpreting your financial reports will enable you to develop a
detailed overview of your business from a financial aspect. Having
the ability to analyze the information available on financial
statements will guide your long term financial decisions. Our
financial experts at AdminService will assist you in developing
customized financial statements that fully portray the fiscal
state of your business.
In order for your accounting system to meet your needs and have the capacity to produce
meaningful reports, there are two key elements which must be in place. The first is a
customized chart of accounts and the second is a person trained in the mystery of the
accounting world. The future of your business or organization is dependent on financial
success, which is integrally connected to the meaningfulness of your financial data. We
can help you evaluate accounting software, implement a new chart of accounts, support
your bookkeeper with our accounting knowledge and expertise and assist with year end
preparation for an audit.
We offer onsite bookkeeping service for small business and non profits. We specialize
in small, ongoing onsite relationships.
What Others Are Saying
Richmond Waldorf School, VA
"Thank you so much for your time, observation, and sharing of your experience. We have all
experienced your support as extremely beneficial on many levels."
Green Meadow Waldorf, NY
"Our financial affairs seem to be running quite smoothly and the faculty seems to be
becoming aware of the key issues facing us in a very positive way thanks to your
efforts. You have earned people's respect in a very short period of time."
Somerset School, CA
"We appreciate your objectivity and professional manner in identifying areas for
improvement and development"
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