Financial ManagementPeak Business Consultants, LLC | 2 Greenleaf Woods Dr. #202, Portsmouth NH 03801 | (603) 436-0974 | Contact Us
Financial & Business Management Consulting Services
Set Up of Financial Bookkeeping System
- Implement and set up Quickbooks software for client as necessary
- Review/ Revise existing Quickbooks accounts for proficient analysis of client’s financial statements
- Assist in selection of management software that will allow for robust data mining needed in statistical analysis
Accounts Payable
- PEAK will pick up payables from client on a weekly basis
- Payables will generally be processed twice a month. PEAK will work with the client to determine the most efficient processing schedule based on the client needs. If other check runs are necessary, check requests should be submitted several days in advance of the date needed
- Payables will be processed at the PEAK office and returned to the client for mailing
- Checks will be returned to the client for approval and signature
Accounts Receivable
- Monthly invoicing of client's customers
- Statement preparation for past due accounts
- Collection letter preparation for delinquent accounts.
- All billing will be returned to the client for approval and mailing.
- Posting of all payments to customer accounts.
For clients with an in-house billing department:
- Enter all deposits into QuickBooks
- Balance weekly with billing department
Reconciliation of Bank Statements
- Monthly reconciliation of all clients bank accounts
- Mail/email/or fax copy of bank statement summary to client’s accountant monthly, or agreed upon schedule.
- Mail/email/or fax copy of Reconciliation Report summary to client’s accountant monthly, or agreed upon schedule.
Monthly Review of Financial Statements
- Review financial statements in detail monthly
- Mail/email/or fax copies of Income statement and Balance sheet to client’s accountant monthly or quarterly
- Provide client and/or accountant with any additional financial reports upon request
Quarterly Reports
- Quarterly detailed analysis of financials for presentation to client upon request
- Quarterly statistical analysis tailored to the client’s needs
- Analysis of individual departments and/or revenue streams
- Tracking growth/decline of individual revenue streams
- Break even analysis
- Revenue/Cost per visit/unit/customer served
- Evaluation of individual providers/departments/revenue streams
- Review of total compensation to each provider and/or selected employees
- Compensation to collection analysis per provider when applicable
- Comparison of all providers/departments/or revenue streams
Preparation of Financial Data for Client’s CPA
- Work in conjunction with the client’s CPA for general financial planning as needed
- Assist the client’s CPA with data preparation for yearend tax preparation and planning
- Maintain communication with CPA with regards to changes in the financials affecting quarterly estimated taxes
Management Consulting
- Consult, Advise and assist client in the following areas upon request
- Systems Implementation- for smoother operations
- Bonus Structures
- Growth Strategies
- S.W.O.T Analysis
- Provide due diligence on review of existing Insurance policies
Staff Training
- PEAK Consultants can train clients or employees in the following areas upon request:
- QuickBooks
- Microsoft Excel
- Microsoft Word
- Interpretation of Financial Statements
