Survive the accounting process

Most businesses can get by with one or a small number of really smart accountants or accounting managers overseeing their functions. The problem is these folks cannot do their work without a huge amount of preparation and help from others.

Your financial reports are summaries of many other work steps, analyses, consolidations and accruals, reflecting every financial event that has happened in your business. You have orders, work in process, completions, revenue recognition, and the endless elements making up costs of goods sold. You have sales and marketing and overhead costs. You have payroll and inventories. You have depreciation, debt, cash projections and shareholder value. You have tax reporting, audits and compliance.

The list is endless. If your business is small, BabbleGlass can supply Staff Accountants to support the entire function from cradle to grave. If your organization is larger, we can provide Staff Accountants and Administrative Office Clerks to help execute all of the preparatory work to make your core accounting function as effective (and as cost-effective) as possible.

Keep tabs on cash

Profit and loss statements are all very nice, but the thing that keeps most of us awake at night is cash — the entirely separate world of the money we actually live on. Unless you are Exxon or Microsoft, you need to know the status of your cash flow at all times. You need to know your orders and deliveries. You need invoices to go out on time. You need constant reporting on accounts payable and collections.

More than that, you need to know your spending, and you need to be able to constantly look into the future — to see where you are expecting your cash to be in the weeks and months to come. BabbleGlass can provide you with Staff Accountants and Administrative Office Clerks to help your finance function keep a permanent handle on this.

Not to mention collections

This is the only thing every company needs to do constantly, but nobody on your staff seems to have time for. Your sales people may keep the business running but it’s your ability to collect that keeps the doors open. BabbleGlass can supply you with Bill and Account Collectors who can give you the ability to doggedly pursue your aged receivables.

Know what’s going on

For a lot of businesses, the standard financial reporting you get from your accountants doesn’t tell you much that actually helps you run your business. You need management information to help you run your business now, not to memorialize how the business as a whole did last month or year. You need detailed and ongoing analysis and reporting of what is really happening, right now, in every aspect of your business.

On the sales and marketing side, you need to know about lead costs and conversion rates and whether they are getting better or worse. You need to see cost, gross margin and profit trending. You need tools and metrics to help make sense of it all and to make sensible decisions. BabbleGlass can supply you with Financial Analysts to help construct budgets and projections, to report on variances, and to build and maintain critical reporting.