What We Do
"Profit Point created a forecasting tool that not only gave us the ability to manage our receivables and payments, but allowed us to plan for future expenditures. We were finally able manage the cash-flow roller coaster of our business."
Sheila Bermel
Good to Go Productions
We give you the answers you need to grow.
Profit Point Consulting works with small- and medium-sized businesses whose needs extend beyond basic accounting and tax planning – businesses that want to increase profits, lower costs, get better control over their cash flow, and make more money.
For small growing companies, we can be--or supplement-- your accounting department, handling everything from day-to-day bookkeeping to financial reporting and part-time CFO services. We help our clients make better decisions with information that many have never had-- such as customer and product line profitability. We’ll take your vision for the company and add numbers to it to see if you’ll have enough money, people and resources to accomplish what you want to do.
We also work with mid-sized companies, whose business’ growth has surpassed the skill set of its current accounting staff. We work with frustrated owners/ CEOs to get them timely financial information and analysis and provide advice on how to address trends and spot trouble. We’ll work with their existing finance staff to streamline accounting process, improve controls, establish better reporting and metrics, with the goal of providing timely, useable information to senior management.
Please contact us for a no-fee consultation.
Services we offer include:
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Sometimes clients come to us for one-time projects, others are looking for help with the upkeep of their books. Still others are looking for an ongoing relationship with someone who is keenly interested in helping them grow. We offer several different levels of services, depending on your needs. Please contact us with any questions or to schedule a no-fee consultation.
Bookkeeping & Beyond
With our accounting services you’ll get peace of mind knowing you have an experienced Controller overseeing your books. You’ll have a team of professionals who will handle the day-to-day transactions of your business with a level of sophistication that goes beyond just data entry.
Not only are our bookkeepers experts in the software packages that we use, they also understand business—your business. From detailed job costing to proactively helping you manage your cash balances, our team will keep your books up to date so that you can focus on managing —and growing—your business.
Because we’re your liaison with your CPA, you’ll also save money at the end of the year because your books will be in top shape to send to your accountant. He or she will have few, if any, adjustments to make and will get your financials shortly after the year closes so that you can file for a refund sooner or start planning for any tax payments as soon as you can.
Controller Services
You may already have a bookkeeper on staff and still find that you need more answers. You might want to know if you made a profit this month or how your expenses are tracking versus last year.
Maybe you find you are spending a lot of time with your bookkeeper—time that would be better spent developing new products or finding new customers. You might feel like there are better, faster ways to record transactions and get the monthly results more timely, but unless you are an accountant, you’re not sure what those ways may be.
With our Controller Services, you’ll have the oversight of the bookkeeping function so that you can focus on your business—not on your books. We’ll review your accounting processes and train your bookkeeper on the proper way to record transactions. We’ll set up guidelines to streamline the accounting workflow and review the books at the end of every month to ensure that transactions are recorded properly.
Financial Reporting & Analysis
You may be looking at your sales numbers and scratching your head wondering why you don’t see more money in the bank. And quick look at your financial statements may not give you the answers you need.
What you’d like is an easy-to-read report that tells you each month what’s going on—where you are making money, where you aren’t and what to do about it. You want the information timely so that you have more opportunities to improve your bottom line.
You'll have a better picture of your spending and better reporting at the touch of a button. You'll also be able to see which customers or products are the most profitable and get advice on what to do with those who aren't.
If you choose, we’ll look beyond the financials and develop Key Performance Indicators (KPIs) to give you a handle on both financial and operational performance and help you spot problems early and to make better decisions on where you want to invest your time, resources and money to get the best return.
Financial Management & Part-time CFO Services
In addition to the services listed above, we’ll work with you to map out the future of your business. We’ll start with our dynamic planning process—which we think of as a GPS system for your business. We’ll take your vision for the company and add numbers to it to see if you’ll have enough money, people and resources to accomplish what you want to do.
We’ll help you manage the cash flow roller coaster so that you’ll be able to foresee cash shortfalls and take a proactive approach to managing your business’ cash needs and avoid costly overdraft and interest payments. You’ll also have a budget that can be loaded into your accounting software so that you can track your results against the plan monthly.
With our CFO Services, you'll have ongoing strategic advice to keep your business on track. Depending on the level of service you want we can do monthly or quarterly strategic reviews which will help you to make sure your business is heading in the direction you want, and if not, provide advice on what to do about it.
Strategic Financial CFO Projects
Whether it’s planning for a new line of business, implementing a new accounting system restructuring your finance organization, or evaluating pricing and profitability, you’ll have objective experienced advice to help you make better, educated decisions.
With solid financial analysis and modeling, we can explore different scenarios and forecast results – and put together compelling loan packages that highlight the strengths of your business to lenders and investors.
We can work with your existing finance team to streamline accounting workflows, improve controls, establish better reporting and metrics and develop a forecasting model to help you analyze scenarios, spot trends and trouble and provide advice on how to deal with them.