Hunzinger Accounting & Financial Solutions

When it's time to change, you've got to rearrange...

No this isn’t a blog post about The Brady Bunch, but that was a catchier title than “Third Party Accounting Solutions” and it’s actually pretty relevant. Bear with me and you’ll see how this relates to your growing business…

When it’s time to change, you’ve got to rearrange who you are into what you’re gonna be.

Traditional bookkeeping services are a necessity for any business to get their bills paid and get the books ready for tax time. A good bookkeeper is invaluable to a small business, but there comes a point in any growing business’ path where they need information that a bookkeeper just can’t provide. Here are some of the situations where clients realized it was time to hire us to provide third party accounting solutions:

Cash flow and revenue planning: In many businesses there can be huge cash flow swings throughout the year due to the timing of projects, seasonality of revenues, and other factors that can feel random if you aren’t intentionally planning your cash flow. With our third party accounting we will act as your Chief Financial Officer and will work with you to plan for future cash needs, predict cash shortfalls, and understand your cash flow cycles so you can grow your business with confidence rather than flying by the seat of your checkbook.

Analysis: Understanding how to measure the effectiveness of your efforts is crucial to making smart business decisions. Working with your accounting team can help you break down your revenue streams to find what areas are performing well and which are lagging, as well as diagnose and provide actionable steps to improve profitability. The accounting team can also spot negative trends in expenses and alert you to this so that actions can be taken before the trends become worse.

Process improvement: Many times we find businesses are still holding on to processes that made sense when they were at 10 transactions per month and one employee, but are now a total time-suck when they are at ten or a hundred times that volume. We’ll look at how you handle your invoicing, payables, and other information tracking for not only the best way to handle those processes now, but also the best way to scale them with your growth in the future. We can also work with you on your job estimates and invoicing to ensure that you are costing your jobs properly and not leaving money on the table.

Tax planning: With your bookkeeping and accounting teams working together, taxes can be planned for rather than responded to, and incorporated into your cash flow and growth plans. This means no more sucker punches on April 15th throwing a wrench in your cash flow.

If you think your business is ready for the next step in its growth story, reach out to us and let us help you write the next chapter. Sha na na na, na na na na na, sha na na na na…

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