BUSINESS ACCOUNTING SIMPLIFIED

Accounting is the language of business. Our experts are here to assist with making sure your accounting records are in order, your financial performance is on track, and your day-to-day operations are not at risk.

The effectiveness of a business can be measured many ways with financial benchmarking, arguably the most relevant tool. Benchmarking is a core tool in which the business is compare to goals, to previous years and to similar businesses. Our experts assist not only to properly benchmark your business but suggest other tools to help you analyze and review your financial position.

A cash flow analysis records how money flows into and out of a business, and helps you understand how much cash is available at any given time. Cash flow is an indicator of the financial health of the business. Having a lot of cash on hand isn’t a true indicator of profitability, just as having a lot of debt doesn’t mean the business isn’t financially strong.

Cost accounting systems and reports are not subject to rules and standards. As a result, there is a wide variety in the cost accounting systems of different companies. Our experts help owners and managers understand the costs of running a business.

Well run businesses keep well organized financial records. Among other things, this is important for securing loans or attracting investors. Our professionals can evaluate your recordkeeping practices and offer advice for improvements where needed.

Personal financial and wealth statements may be required due to a personal loan or the guarantee of business debt. It is also an excellent scorecard to track your investments, business interests and wealth strategies. The professionals at SVA will help you gain a clear understanding of your personal wealth and financial picture, which forms a baseline for growth and/or wealth preservation strategies and retirement.

The financial statement is the most important core tool of management. Proper design and preparation of the financial statement is essential. There are hundreds of available aids including software to assist in the preparation of the financial statement. The knowledgeable experts at SVA can assist in your selection of the best and most efficient aids and methods to help prepare your financial statement so it is a meaningful and timely tool for your use.

SVA acts as a sounding board to determine if your vision and company performance are on target for success. Identifying and clearly defining critical success factors, goals, objectives, timelines and accountabilities can mean the difference between a dream and reality.