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The
Small Business Financial Services include a complete review
of the client's existing PC-based accounting system,
setting up an electronic accounting system,
developing forecasting models, preparing
business plan exhibits, cleaning up existing
accounting systems, and preparing Small Business
Administration loan packages. Financial
Consulting Services for Small Business are
conducted by Jack
Parkin.
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Small
Business Accounting System Analysis
A complete review aimed at determining if the existing
PC-based accounting system, including both chart of account structure and transaction recording processes, are:
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- adequate to capture, in an accurate and timely manner, the financial activities;
- sufficient to display profitable vs. unprofitable
activities;
- compliant with separation of duties standards; and
- providing accurate cash-management
reports
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Typically, this review can be accomplished in one day. Deliverables consist of a written analysis comprehending the above items as well as corrective recommendations.
One time cost: $1,250.00
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Small
Business Accounting System Set Up
A complete PC-based accounting system set up service (QuickBooks, Simply Accounting, etc.), based upon the unique requirements of the business including:
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chart of account establishment;
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project/class determination;
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vendor and client files;
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payroll set-up
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time recording and billing procedures
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reconciliation procedures
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One time cost:
$1,000.00
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Small
Business Forecasting Model
A comprehensive forecasting model specifically crafted to assist the small business owner in assessing the future prospects of his/her enterprise. This model incorporates:
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fixed and variable costs associated with revenue production;
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identification of market potential;
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identification of competitors
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staffing requirements
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facilities requirements
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technology requirements
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The resulting model, usually comprehending a three-year planning horizon, enables the business owner to complete “what if” scenarios based upon the manipulation of a host of variables. A unique feature of the model is the “quick look” feature that enables the user to determine, instantly, the profit/loss impact of any change in any variable. The model is usually constructed on an EBITDA basis.
Cost: $1,500.00 to $2,500.00 depending upon complexity
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Business
Plan Preparation for Small Businesses
In conjunction with the entrepreneur and his/her advisors, a complete exhibit package, usually over a three to five-year period is completed. This package consists of month-by-month:
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- Balance Sheets
- Income/Loss Statements
- Statement of Cash Flows
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These exhibits will satisfy the requirements of investors/bankers in evaluating the financial section of business plans for new or expanding ventures.
Cost: $3,000.00 to $5,000.00 depending upon
complexity
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Small
Business Accounting Clean Up
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For the small business owner whose pc-based books and records are out-of-balance, out-of-date, or out-of-control, this service will restore the system to current balance and ready for presentation to its tax advisor. These services is also useful for those contemplating selling their business and want to assure that the books and records are “clean” enough for inspection by a prospective investor.
Cost: $85.00 per hour
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Small
Business Administration Loan Package Preparation
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Complete package preparation, including forms 4 (Application for Business Loan), form 912 (Statement of Personal History) and form 413 (Personal Financial Statement).
Cost: $1,250.00 and up depending upon status and availability of required financial
information
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