Stonehedge Consulting LLC

Accounting

For many small and medium-sized businesses, finance and accounting are not their core competencies. Outsourcing the controller functions is a highly effective strategy. We work onsite or remotely with our clients.

 

Accounting & month-end closeAccounting & month-end close

We can assist with as little or as much of the day-to-day accounting and bookkeeping activities that you may need. We will perform your “month-end close”: reconcile the bank and other balance sheet accounts, allocate expenses, and post month-end journal entries.

 

Financial reporting

Financial reporting

All organizations, regardless of type or size, need accurate, timely monthly financial reports. Clarity and information are crucial to your organization’s success.  This provides the backbone to making the best possible, data driven decisions.

 

Analysis & recommendationsAnalysis & recommendations

Good data is half of the battle. Understanding the data is the other half.  Once the financial reports are completed, we analyze them to help you understand what went well and the areas that have opportunity for improvement.

 

Data visualizationData visualization

As busy business owners, you don’t have time to navigate the many financial reports. You likely have a better intuitive feel of your business. Your intuition might be good, but it’s better if numbers back it up. We develop and update charts, graphs, and dashboards of your financial data, key performance indicators, and operational data to help you better understand your business.  

 

BudgetingBudgeting

In many ways, your business budget is like a financial road map. It helps you evaluate what you need to do to hit your financial goals. Your business budget can help you identify areas to decrease your spending or increase your revenue, both of which will increase your profitability. Land funding to grow your business. If you’re planning to apply for a business loan or raise funding from investors, you’ll need to provide a detailed budget that outlines your income and expenses.

 

ForecastingForecasting

While financial reports provide you with past data, we typically update a monthly rolling forecast report to guide your mid-term and long-term financial decisions.

 

 

Scenario planning & cash flow forecastingScenario planning & cash flow forecasting

Businesses face challenges or discover opportunities that weren’t anticipated. A supplier might be having difficulties. Your largest customers may move to a competing product, or they’ll double their business with you. You may discover a new business model that takes off unexpectedly. Have us develop a financial model that lets you analyze the results of events like these and their impact to your cash flow. 

 

Policies & procedures

Policies & procedures

In the course of our work, we often observe opportunities to strengthen internal controls, add efficiency to operations, and document these improvements in your policies and procedures.