Make Better, More Confident Business Decisions
In business, you need another pair of eyes or a second set of ears. We’re here. Here to look and to listen. To respond quickly and provide information in a timely manner. To partner in developing your goals, exploring your growth plans, or simply to create useful budgets. To connect you with suitable strategic partners or potential clients. To take the complexity out of owning and operating a business.
In short, we’re here with services that can maximize your business potential.
On the Money brings deep experience working with businesses across numerous and varied industries.
Accounting Advisory Services
On the Money provides a wide array of accounting advisory services – from diagnostics to developing clear processes, best practices and recommendations to improve your business’ financial health and profitability. We serve as a trusted accounting advisor to ensure you have a clear financial picture. And knowing your numbers gives you the power to make more informed business decisions. Let On the Money relieve the burden of managing your business finances so you can focus on what you do best: managing your business.
Our accounting advisory services include:
- Diagnostics of your current systems and procedures. On the Money performs an in-depth diagnosis of your current bookkeeping and accounting records and procedures. We’ll create a process map of your current system and procedures from start to finish. After our deep dive, we’ll provide you with an extensive report that identifies what’s working, gaps, necessary corrections and the recommendations you need to improve your system and procedures.
- Restructure your accounting system for efficiency. Without the right financial data at your fingertips, your business doesn’t have a clear financial picture to help it grow and flourish. When you work with us, we’ll design your ideal financial management processes that make all the difference to your business. You’ll have a structure that can generate sound financial information about your business to help analyze what’s working…and change what isn’t. We have experience in conversions, database management and we provide guidance on the right apps and plug-ins. At the end of the day, it’s about having a strategy to effectively and efficiently garner information from multiple sources that supports your business growth!
- Ongoing and part-time financial management. From staff level to controller/advisor level support, On the Money can customize our solutions to provide ongoing or interim financial management solutions. We cover the financial management support spectrum – from budgeting to bookkeeping to financial reporting and annual reviews.
- Backup for your accounting team. There will come a day when your in-house accounting team needs backup. The key is to have a solution in place now. Don’t wait for a crisis to hit. On the Money acts as an extension of your team to ensure your accounting runs smoothly during those times. It’s essential to have a team like ours in place so you’re always prepared. We learn your accounting systems and we document all processes and procedures with the goal of being able to temporarily stand in for your accounting staff whenever you need it. As part of this service, we provide quarterly check-ins to ensure we are current on all procedures and documentation.
Profitability Consulting
OUR METHODOLOGY
On the Money’s profitability methodology focuses on a cash flow system designed for any type of business. We guide business owners to prioritize profit and paying themselves first, creating continuous success. You’ll understand how to more strategically spend money for your business while increasing your profitability.
Many business owners pay themselves last, if at all. They’re caught in the infinite cycle of continuously reinvesting in the business and putting themselves last. This can lead to a pattern where businesses might build revenue, but quickly spend it as expenses rise proportionately.
Bookkeeping Expertise
Long gone are the days of big green ledgers handed to inexperienced employees to track a company’s financial information. After all, anyone can do bookkeeping, right? It’s often this way of looking at bookkeeping that lands companies in trouble. When speaking with potential clients, we hear far too often that their books are “a mess,” that they don’t get information in a timely manner, or if they have a bookkeeper, there isn’t much communication.
To us, bookkeeping requires the keen, caring and watchful eye of one of our experienced accountants who can clearly tell you the stories behind your numbers. At On the Money, we’re passionate about helping our clients thrive. Our team has the entrepreneurial experience to understand that a business will not succeed – let alone thrive – if they are working in the dark when it comes to financial information.
We also understand that as wonderful as automation is in reducing clerical, time-consuming data entry, it will never replace the necessary financial expertise to ensure information is correctly accounted for. That expertise varies from industry to industry, and our team has solid expertise in a variety of industries.
Depending on your needs, we can provide the following services on a weekly, monthly or quarterly basis:
- review bank feeds for accuracy, make necessary changes and add or match in the books
- overview of income and expense accounts for accuracy
- reconcile bank, credit card and balance sheet accounts
- Profit & Loss and Balance sheet monthly (quarterly), A/R and A/P reports as specified by our client
- invoices or sales receipts as specified by client, payment recorded and applied to appropriate invoices
- online bill pay as specified
- record third-party payroll
- regular consultations to review and help you understand your finances
Information is power and there is strength in numbers. You’ll have access to an intuitive financial dashboard that will answer some of your most common questions such as who owes you money, what your monthly sales are and if you are making a profit.
It’s one thing to have access to numbers, but it’s another to understand them. And our mission is to help small-business owners take control of their finances by creating systems and tracking tools, and teaching them and you how to use those tools to make better-informed money decisions.