Historical Financial Statements Timely? Am I getting them before the 10th of each month? Accurate? Are they always correct or does my accounting staff frequently have to go back to fix them? Meaningful? Is the information presented in such a way to be helpful to me and my managers?
Budgets / Forecasts / Projections Monthly budget with comparisons to actual performance Including analysis of What Went Right and What Went Wrong. “What if” income projections What will be the impact to margins / income if we land the ABC Job? What will happen to our profits if we lose the XYZ account? Should I invest in that truck / equipment / building expansion? (CapX Analysis) Where can we cut costs without negatively impacting our operations? Cash Flow Forecasts (Weekly /Monthly) How much can we afford to dividend / draw out of the Company? Are my customers paying me on time? What can I do to make sure they do? Are we taking full advantage of our suppliers credit terms?
Business Plan / Strategic Plan Plan Design Does anyone at the Company have the experience to create a long-term plan? Who should be involved in building the plan? What things should be covered in a the plan? Plan Implementation Once we have a plan, how do we roll it out and implement it?
With my bank On a lease With my major suppliers With my major customers
Someone who has more than 25 years of experience leading accounting/finance/HR/IT teams
Most of the time, all it takes to prevent theft is having someone from the outside with a financial background looking over the shoulder of the accounting staff.
Who has many years of real world business experience Industries: Manufacturing Service Property Development Lending Software Retail Functions: Accounting Finance HR Operations Procurement IT Management Risk Management / Insurance Customer Management Administration Who will tell me the truth