REadiness Assessments
Positioning You for Success
Statistics show that about half of all small businesses fail within the first five years of launching. The primary reason is poor financial management. If a business’s books are not set up correctly and transactions are not properly reconciled, you can easily lose control of your finances, which can be fatal for a business. One of the best ways to check if your books are in good shape is a readiness assessment.
Our professional bookkeepers will help you to gain certainty about your books by providing an in-depth analysis of your system and providing an objective view of your current state. We then offer workable solutions to get you to a baseline of best practices. Once you have established this baseline, we help you manage your books and keep them on the right track.
The Benefits of a Readiness Assessment
We often have new clients come to us after realizing they have lost control of their books. They panic sets in when they realize how far behind, non-compliant, and/or how unprepared they are to submit their reports to their CPA for tax preparation. In other cases, they are not really sure how well they are managing their books. They may have done their best to keep everything up to date, but they don’t know if they, or their former bookkeeper, have been doing everything correctly.
A readiness assessment can give you the certainty you need. We will thoroughly analyze your books and let you know exactly where you stand while providing practical solutions for accurate, compliant and always-up-to-date books moving forward.
What’s included?
Our readiness assessments have three components:
- Migration assessment: First, we will evaluate the system you are currently using to keep your books. If you are using anything other than QuickBooks Online (QBO), we will assess the viability of migrating your books, as well as explaining what will be required to make the shift.
- General ledger check-up: Next, we will conduct an expert analysis of your balance sheet, profit & loss, undeposited funds and all other necessary areas.
- Analysis report review: Finally, we will have a consultative session in which we will go over our findings and talk you through our recommendations.
While PRESAGE operates as a virtual company supporting customers nationwide, we have primary locations in Northwestern Washington and Northeastern Florida, serving clients in Seattle, Tacoma, Bellevue, Redmond, Palm Coast, St. Augustine, Daytona Beach and Jacksonville.
Let us help you gain clarity about your books and take control of your business’s financial health. Contact us today.