"My accountant does not help me with my business," is a comment frequently heard from small business owners. Accountants are often viewed as a necessary expense to cope with the record keeping and compliance functions. The accounting profession must accept the blame for this attitude because its members frequently assume a passive rather than active role in the business affairs of the client. In addition, small businesses do not generate the volume to support full-time sophisticated individuals that fulfill the controller and treasurer functions. Our managerial accounting services can provide the small business owner with the following benefits:
- Improved cash flow
- Enhanced profitability
- Reduced operating expenses
- Improved control and stability
The accountant, acting as controller and treasurer, ensures the achievement of these benefits in two ways:
Developing a comprehensive knowledge of the client's business, strengths, and weakness’, and competition, and establishing realistic goals based upon this data.
Providing the appropriate consulting and maintaining management reporting systems designed to achieve the goals.
Managerial Consulting Services
Rudolph H. Clark, Jr., Certified Public Accountant (RHC) is an accounting firm. RHC is licensed to practice in New York and North Carolina. It is a member of the New York State Society of Certified Public Accountants and the North Carolina Association of Certified Public Accountants. The firm not only provides direct consulting services, but also has sufficient general knowledge to coordinate the activities of other professionals (e.g., attorney, insurance agent, and retirement planning agent) on behalf of the client. This approach reduces both the overall costs and time the small business owner would otherwise have to spend. Typical consulting services include, but are not limited to, the following:
Management Reporting Systems
- Profitability analysis by service or product line to develop a business plan
- Budget and expense analysis to control and reduce expenses
- Reviewing all insurance requirements and coordinating changes with agents
- Reviewing finance requirements and developing the appropriate funding plans
- Tax and financial planning
These systems are critical to the proper management of a client's affairs and are designed to produce the following tools:
- Projected profit and loss
- Projected cash flow
- Comparison of budgeted income and expenses to actual
- Profitability by product or service line
The firm also maintains software that can remove the entire accounting burden from the small business owner by:
- Reconciling bank accounts
- Administering payroll and payroll tax compliance
- Producing general ledgers and subsidiary journals
- Preparing financial statements
Small business owners that utilize the firm's services can dramatically improve the potential of their businesses by accessing sophisticated financial and management expertise for a fraction of the cost entailed in employing full-time staff.
These services are usually offered utilizing a fixed monthly retainer. This approach facilitates planning for professional fees. The firm can arrange to structure a specific program that fulfills your requirements.
RUDOLPH H. CLARK, JR.
CERTIFIED PUBLIC ACCOUNTANT
130 E. FISHER AVE.
GREENSBORO, NC 27401
TEL #: (336)-691-8970
FAX #: (336)-691-8972