Notes

Controllership
PART-TIME CONTROLLER AND CFO SERVICES:
A company may have a good accountant or an internal accounting team; however, as the business grows, a financial controller / director may be required. Our part-time CFO / Controller services allow the company to have a CFO / Controller as needed.

OUR PART-TIME CONTROLLER / CFO SERVICES:
We treat each client as a unique business. We learn customer systems and businesses and focus on maximizing profits with a forward-looking approach.
Our part-time controllers / financial directors have many years of senior level experience and hold an accounting designation or an MBA. MANAGING YOUR ACCOUNTING OR INTERNAL ACCOUNTING TEAM:
We will identify tasks, set deadlines and establish standards and procedures for daily accounting or internal accounting. Next, we will handle the result of these.


GOVERNMENTAL AND ACCOUNTING COMPLIANCE:
We make sure the company complies with payroll, HST and PST declarations.
Accounting standards follow GAAP and we work with your third-party accountant on NTR, engagement review, or audited financial statements.


PROACTIVE FINANCIAL ANALYSIS:
Monthly financial statements, which include a profit and loss account and balance sheet, can be prepared by the accountant or internal accounting team. Financial reports should be compared to a previous budget or year. We can suggest improvements to the existing reporting package to better identify profit margins by business / customer and to measure financial and operational performance against key KPIs.
We will do our financial and operational ratios analysis focusing on maximizing profits. This could include identifying areas for improvement with respect to sales performance, pricing strategy, direct reduction of variable costs, the financial effect of downtime, capacity, overall cost reduction, return on business. 'investment in CAPEX, the financial effect and the foreign exchange risk, the improvement of profitability by commercial sector or customer.
Based on our analysis, we will identify areas for improvement. We will then work with the client to implement the action elements.

BUDGET AND PLANNING:
When we prepare a budget, we will do it from scratch. We will prepare a basic budget and then add key budget assumptions.
A budget can be prepared for a variety of reasons, including:
When the entrepreneur has employees who manage sales and / or operations, a well-prepared budget sets goals and expectations. Actual financial results can be compared to the budget over the year to identify variances that need to be resolved or explained. Where there are different directions the business could go in in relation to sales, pricing, currencies, downtime, capacity and expenses, a well-prepared budget can be designed to easily explore the different directions.
· A company that is growing in sales should prepare a budget to understand how growing sales affect profits when adding overheads and other expenses to manage growth.
· For a company with high capital expenditures, a CAPEX budget must be prepared.
As a company moves through the year, key budget assumptions can change. A sensitivity analysis can identify major changes and impact from the original budget. CASH FLOW MANAGEMENT:
We will prepare and maintain a twelve month rolling cash flow report or other report as required.
Manage and / or contract out financing options such as term loans, revolving credit lines, sale leaseback, CAPEX financing, banking agreements and credit factoring.

FINANCIAL CONTROLS:
We will establish expense approvals and processes where a business owner has one or more employees who manage operations. We will review the commercial insurance requirements. https://www.holstequation.com/catchup-cleanup/ will review the customer and other contracts. PURCHASE NEW ACTIVITY:
If you wish to purchase a target company, we can work with your external accountants and lawyers in the process, including the initial audit of the target company, non-binding LOI, financial due diligence, final purchase and sale agreement, integration of the new company. .


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