Accounting Software Review and Consulting
Staying on top of the accounting function takes less staff time and effort with accounting software that meets your needs, and is nimble enough to service you as your business grows and as your financial reporting needs change. It could be time to evaluate your current accounting system or learn how to maximize its potential. As accounting professionals, we have practical experience with a wide range of accounting software options and can help you choose and implement the system that best fits your needs.
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If at this time we find your business needs a more comprehensive technology strategy and solution, we will set up a meeting with SVA Consulting who offers a full line of technology solutions for organizations needing a more advanced level of automation, capabilities, scalability and reporting.
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Benchmarking is the process of measuring a company’s financial performance to other similar companies. Companies then use this information to “grade” their performance in various financial areas and identify where they are performing well and where they are lagging behind. Once areas in need of improvement are identified, a plan with specific action steps and measurements can be created and implemented.
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Budget Planning and Forecasting
You have a vision for your company and you have mapped out the key performance objectives to accomplish that vision. Budgeting and forecasting is a critical tool in the planning process to ensure you achieve those performance objectives.
SVA’s professionals can review different forecasting models and tools. We can also help identify the best revenue and expense forecasting methodology. The goal of this process is to help you make good financial decisions and manage growth.
Through best practices, benchmarking and other tools at our disposal, SVA can guide you through the typical pitfalls of budgeting. We use our expertise to define the tactics and strategies needed to set your business on course to achieve realistic budgets and stretch goals in order to achieve your desired growth and success.
Budget Review and Analysis
Budgeting has been called an art and a science. But one thing that can’t be debated when realistically looking at a budget is holding key stakeholders accountable to it. A balanced scorecard is one method or tool to do so. The word balance also means the “right” balance between people, profits and controls.
SVA can guide you to make sure your budgeting process is working to increase your potential for higher earnings, which fuels growth and success. Take a step back and let SVA ensure you are making smart resource allocations, your planning and budgeting is strategic in nature, your spending is in line with your growth plan, your budgets are at the sophisticated level they need to be, and your return on investment calculations are right on the money!
Business Retirement Plans
The right business retirement plan can help you recruit and keep the best employees. Selecting the appropriate retirement plan for your business and employees requires trained personnel, who assist, advise and educate on the intricacies of the plan.
Let SVA Financial Group help you in securing your company’s future. SVA Financial Group provides companies of all sizes with the tools, services and access needed to make their employees retirement ready. Business retirement plan design and types, investment selection and monitoring, and employee education are a part of the essential services our retirement plan professionals provide.
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Cash Flow Projections and Break-Even Analysis
Cash flow is essential – it is the roadmap to performance or the core of the financial process. A cash flow forecast ensures you have the financial resources to fund your company’s growth or simply, to make the next payroll. Most companies want to do better than just covering all of their fixed or variable costs, but aren’t certain where that actually occurs or what all of the factors are to make that goal attainable.
SVA can help this process along by making sure all costs are considered, pricing for your product or service is right in today’s marketplace, your sales goals are set at the right level, the cost of buying the materials for your product is in line and the list goes on. Let us help you clearly define your average per unit revenue, average per unit cost and your monthly fixed costs to get you to that break-even point as fast as possible.
CFO by the Hour
BUSINESS IMPACT: Back Office Flexibility
This option is for businesses who can’t justify the cost of a full-time CFO. This is a flexible role for us as your needs change and your business grows. We’re available to guide you through financing plans, capital projects, financial projections, cash flow, day-to-day accounting operations, oversight of accounting staff and all the financial aspects of running a business. You have the flexibility to use SVA professionals as much or as little as you need, scaling up or down in real time as your business demands.
Compliance Audits Using Government Auditing Standards
We serve those organizations receiving federal, state or county funding by providing compliance audits that are in accordance with general accepted auditing standards, the standards for financial audits under Government Auditing Standards and adhere to the requirement that we express an opinion on compliance.
SVA’s experienced professionals can perform an effective and accurate compliance audit which assists the organization in its efforts to follow the applicable regulatory requirements.
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.
Financial Statement Audits and Examinations
Audits offer the highest level of assurance to outside sources and third parties on financial statements and financial statement elements. They include an in-depth examination and confirmation of account balances, inventories and a sample of transactions.
Examinations provide a similar level of assurance as financial statements audits. However this assurance is on the reasonableness of particular management assertions. Examples of these types of engagements include financial forecasts and compliance with laws and regulations.