Controls
• Inventory control
Proper inventory tracking, reduce and minimize theft and shrinkage. Proper inventory levels for cash-flow and tax purposes
• Profit and expense controls
Proper expense tracking, cost accounting, Pricing strategies
Margin mix tracking and utilization
• Cash-flow management
Combining financial reports into a simplified format to be able to know what the current financial position of the company is and be able to more accurately forecast the company’s financial position
• Employee evaluations
Employee written job descriptions and areas of responsibilities. Regular evaluations process and forms
• Managerial reporting
Management reports based on area of responsibility. Productivity and efficiency tools for employees in there are/department
• Corporate formalities
Proper legal documentation on an ongoing basis including loan agreements and retail agreements, corporate minutes
• Cost accounting
Job costing jobs/projects, properly incorporating budgets and flash reports. Utilization of managerial accounting tools
• Simplified reporting “dashboard”
Simplified reporting from all departments and aspects of the business to enable the business owner to make informed n=business decisions
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