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At Abercrombie & Associates, PC we focus on the details so you can focus on running your business. Some of the benefits our business accounting clients realize included improved efficiency, accurate data & reporting, cash flow visibility, and improved profitability. Our responsibility to our clients is to provide advice and resources that generate tangible value over the long term.
Most business accounting needs extend beyond tax season but hiring accounting staff can be cost prohibitive for many small to mid-sized businesses. Abercrombie & Associates, PC has a team of professionals that can help relieve the burden of preparing financial statements, analyzing performance, and making business recommendations. We work with our customers on either a monthly or quarterly basis to make sure the financial side of your business is always in order.
Cash Flow Management
Cash is the lifeblood of any organization so it’s vitally important that you understand exactly what’s coming in and what’s going out. Abercrombie & Associates, PC provides detailed reporting to assist our clients with cash flow forecasting and capital planning.
Our cash management service allows you to:
- Know when, where, and how your cash needs will occur.
- Know what the best sources are for meeting your additional cash needs.
- Be prepared to meet these needs when they occur, by keeping good relationships with bankers and other creditors.
The starting point for avoiding a cash crisis is allowing Abercrombie & Associates, PC to develop a cash flow projection for you. We can help you develop both short-term (weekly, monthly) cash flow projections to help you manage daily cash, and long-term (annual, 3-5 year) cash flow projections to help you develop the necessary capital strategy to meet your business needs. We also prepare historical cash flow statements to help you gain an understanding about where all the money went.
Creating an accurate cash flow projection is just one of the many cash management services we provide. Our services also include:
- Help obtaining an appropriate line of credit
- Cash collection acceleration techniques
- Proven effective collection policies
- Proven effective payment policies
- Help obtaining the maximum rate of return on your idle cash
Financial Statement Preparation and Analysis
Do you prepare financial statements on a regular basis? Do you use the information in the financial statements to make business decisions? Can you rely on the data that’s presented in your statements?
The answers to these questions will help define whether you are running the accounting side of your business effectively or not. Failing to prepare financial statements on a regular basis and take advantage of the insights your statements present is problematic, yet common for many small to mid-sized businesses.
Abercrombie & Associates, PC has the processes in place and expertise in-house to ensure the preparation of accurate and timely financial statements. We also advise our clients on the insights gained from the data so business owners and managers can make informed business decisions that lead to better results in the long run.