26th Street CFO Consulting Services26th Street offers bespoke CFO and Consulting services. Our bespoke service offering include traditional CFO functions such as budgeting, forecasting, financial analysis, employee payroll and benefit plan administration, cash flow / treasury / debt management. We also provide services: to reduce time, effort and money spent on processes/systems; to increase cash flow; and assess the overall financial health of your business.
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Financial Leaders...
Are you experiencing these challenges?
The Top 6 challenges and pain-points financial leaders experience.
I don't have the tools I need to see how my business is performing.Being able to measure the health of your business is the best way to plan and adapt for the future. The world is changing faster than ever therefore it is critical you have access to a 360 degree view of your business at all times. That includes real-time cash flows, key performance indicators, profit and loss statements, and balance sheets. When you implement the right tools and processes, the right information will always there to help you make the big decisions and pivot when you need to.
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I know I need to implement more controlled spending but I don't know where to start.Implementing a budget is one of the best ways we know to make absolutely sure you know how your business is performing and how you spend money. A budget is a powerful tool that will show you where your money is going and if you are spending money on the things that are important for your business. Very often businesses, especially new ones are so overwhelmed their spending spirals out control until their account goes overdraft. A budget will create strong boundaries around spending and can even help you save money.
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Bookkeeping, Payroll, Timekeeping, and 401K are taking too much time.We can’t stress enough the how critical the right people, processes, and technology are to a successful business. Taking a deep look and evaluating each of these areas is the first step in becoming more efficient. Your evaluation should also help you understand how these areas relate to and influence each other. This 360 degree view can reveal huge inefficiencies that when addressed will result in improved efficiency, cost savings and time savings.
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There doesn't seem to ever be enough cash. Money is always tight.You are not alone. The quickest way to boost your cash flow isn’t always by making more money. Streamlining your invoicing and accounts receivable processes and eliminating time-consuming manual tasks are very often the quickest wins. Improved efficiency coupled with reliable, accurate, and timely cash flow information will minimize the likelihood of unpleasant surprises. Providing you with added peace of mind so you can focus on getting out there and doing the business you love.
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I want to start a business but I don't know where to start.Starting a business is an extremely exciting but often overwhelming venture fraught with many unknown variables. Setting yourself up from the very beginning with the best people, processes, and technology will make the financial side much less stressful so you can really focus on breaking into the market. You will want to make sure you are aware of and compliant with all relevant city, county, and state rules and regulations. We help many businesses get started on the right foot so that their financial systems and processes are sources of confidence and stability in an unpredictable world.
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I want to hire, move, or expand but I don't know if I can afford to do so.Your cash flow forecast and budget are powerful tools to help you know when growth and expansion are appropriate for your business. In addition, getting very clear about why you need/want to grow is critical because growth may not always yield the result you seek. Especially if the desire for growth is just to compensate for inefficient or expensive business processes. Very often hiring additional resources isn’t needed when we improve our processes and technology. Rest assured, if your business is in a position for healthy growth your forecast and budget will make it clear.
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Make Confident Decisions For the Future with 26th Street CFO Solutions
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HOW WE CAN HELP
Everything we do is customized for your specific needs. Whether you are a new business just starting out, or are ready to grow to the next level, we can help. We can help in many ways including:
Books CleanupWe do a thorough review of your accounting records to determine the nature and extent of the errors and the work required to make the necessary corrections. Our work includes reconciling all bank, credit card, loan, and control accounts. We also re-organize the chart of accounts to facilitate better/more meaningful reporting and easier/more cost effective tax return preparation. We can also develop bespoke financial reports and analyses tailored to your specific needs.
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New Business Set UpWe can guide and assist you through every step of setting up your new business. From registering your business and Fictitious Business Name (dba) through obtaining a state resale certificate and employer payroll tax account to applying for a federal Tax ID (EIN) number. We also can provide insight into which type of person or legal entity your business should operate. Types include Sole Proprietors, Partnerships, Corporations, and Limited Liability Companies.
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Systems and Process Re-engineeringWe evaluate your business, technology, operations, and financial processes looking for opportunities to reduce time, effort and money spent. Migrating your current accounting platform to a Cloud Accounting platform and adding Connected Apps can be a great ways to gain efficiency. We can help you determine if Cloud Accounting is the right choice for your business.
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Financial Wellbeing AssessmentWe perform a review of your financial statements and compute metrics and measures that provide insight into your company's financial health. Our service includes recommendations to how improve your company's financial health. We can also provide insight into the adequacy of your general ledger structure to support easy/cost effective tax return preparation and good financial reporting.
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Cash Flow OptimizationCash flow is a key indicator of company's financial health and a key factor used by banks when making lending decisions. We help our clients increase overall financial performance and profitability by improving cash flow. Using a multi faceted framework, we look for opportunities to accelerate cash receipts. We analyze your business from a financial, operational, procedural and technological standpoint identifying opportunities to increase cash receipts.
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Pricing
All services are customized and tailored for each clients unique needs. Pricing is calculated based on the scope and complexity of the services needed.
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