Accounting Advisory Services
Financial Statement Services
Prepared Financial Statements
Our firm prepares clear, accurate, and professionally formatted financial statements to help business owners, lenders, and stakeholders understand the financial position and performance of your business. These statements are prepared in accordance with applicable accounting standards and are based on information provided by management.
Prepared financial statements typically include a balance sheet, income statement, and, when applicable, statements of cash flows and equity. They are well-suited for internal decision-making, banking relationships, and general financial reporting needs.
Prepared financial statements do not include an audit or review, and no assurance is provided on the accuracy or completeness of the information. However, we apply our professional accounting expertise to ensure the statements are logically presented, internally consistent, and suitable for their intended use.
Benefit Plan Consulting
A company needs to consider how various employee benefits affect owners and employees. Our team at Ramsay & Associates can help you wade through the multiple decisions necessary for health, life and disability insurance, the best type of retirement plan for you, how to handle bonus plans, and other benefit strategies that reduce taxes and increase employee retention and productivity.
Accounting Software Setup & Support
Account System Setup
If you have the opportunity to set up or reorganize your business accounting system, you’ll want to make sure the new system will give you the results you need for proper analysis of your business operations and give you a basis from which to make educated decisions. You will greatly benefit from consulting with our experts at Ramsay & Associates before you commit to anything. Ramsay & Associates can help with your installation, company files, accounts chart, customization, forms and reports.
Installation or setup of QuickBooks Software & Consulting
- Setup company file and chart of accounts
- Customize to fit your needs
- Customize forms. (Invoices, estimates, etc.)
- Customize reports for proprietary data
- Telephone & on-site support & troubleshooting
Accounting Software Support & Training
Ramsay & Associates provides software support and training to help you maximize the efficiency of your business with QuickBooks and Sage 50 (formerly Peachtree) accounting software. Technology is an important tool for measuring and managing your day-to-day business finances, and our knowledge and experience can bring you to a whole new level.
Certified QuickBooks ProAdvisor
Our Certified QuickBooks ProAdvisors will give you the help you need for new installation, converting, upgrading or training. QuickBooks custom reports and payrolls are fast and easy with assistance from our Certified QuickBooks ProAdvisors.
Quickbooks Training
Attend a training session to learn how to use QuickBooks or improve your skills using it.
Learn how to use the program more effectively.
Learn the details of how to use accounts receivable, accounts payable and bank reconciliation functions, as well as account set up, trouble shoot problems, invoicing, and more.
Sage 50 (formerly Peachtree) Accounting
Our software experts at Ramsay can support you with your Sage 50 (formerly Peachtree) accounting software with all of the essentials, including invoicing and bill paying, as well as many more advanced features, such as powerful reporting, inventory management, and analysis elements. Our experience and knowledge help you manage your financials efficiently. Contact us for more information.
Business Planning & Valuation
Ramsay & Associates will work together to help you plan and manage the financial future of your business. We offer a wide range of tools that will provide a valuable analysis of your potential opportunities. Experts at Ramsay will work with you to put together a plan for your business, and establish guidelines and benchmarks to help you manage your progress and stay on track.
The process of financial planning in business is designed to forecast future financial results and determine how best to use your organization’s financial resources to pursue your long and short-range business goals.
Our business financial planning process at Ramsay & Associates involves an extensive process of gathering all of the asset, liability, income and expense information of your business, considering needs, risk tolerance and goals, and preparing a comprehensive analysis of your situation before recommending a plan for the future of your organization.
The benefits of financial planning for your business include:
- Growing revenues at a more accelerated pace
- Providing the logic for decision making
- Showing where your business should concentrate its resources
- Increasing growth by increasing funds for marketing, expansion and product development
Business Valuation Services
Experienced professionals at Ramsay can help you place a value on a business for potential purchase or on your current business for sale, as well as valuation for an estate or estate planning purposes. The government authorities will not necessarily accept your belief of value without a proper independent calculation. Our experience allows us take the proper steps for determining a fair and accurate valuation.
Business Consulting
At Ramsay & Associates, our team includes business consulting professionals who are highly qualified to help you handle your many business challenges — such as obtaining a loan, increasing cash flow, controlling inventory turnover, providing customer service, encouraging team building, and managing finances — by utilizing Key Performance Indicators and more.
What you can measure, you can manage
Ramsay & Associates offers coaching and business development programs designed to enhance and grow your business. Our professionals work closely with you to define your strategic goals, evaluate business operations, develop business plans, and create measurements to track your progress. Tracking the progress of your business through Key Performance Indicators allows us to help you simultaneously grow your business and plan for the future.
Our value to you is measured by your personal and business success. We can help your business identify areas negatively affecting profitability and growth and develop solutions that are practical and technically sound. In addition to acting as a sounding board for management, we provide comprehensive, flexible strategies that address the issues affecting your business.
The following are just a few of the areas in which we provide consulting services:
Goals Analysis
Ramsay & Associates professionals can help you identify your financial and non-financial business objectives. Small business owners typically have the majority of their personal wealth tied up in their business. Our goals analysis allows us to carry out a thorough review of your financial situation, business involvement and quality of life desired. We can conduct an honest and open session to determine your personal objectives, what you want out of your business, and when you want to transition out.
The decisions surrounding these issues often have a serious impact on the amount of wealth an owner might extract from the business, either at the time of transition or in the years leading up to transition.
We offer an objective diagnostic system, which provides clarity around these critical issues and includes a project-planning tool that can be used to manage the actions, responsibilities and timelines for any initiatives identified during the review.
Business Strategy
We begin every business strategy session by sharing an interview filmed with Wally, a very typical small businessperson who was gifted with rare insights into what it takes to make a business succeed.
In one amazing interview, Wally takes us through the principles that helped him grow a one-man business into a multi-million dollar enterprise, trading in over eighty countries around the world. Even better is that these principles can be applied to almost every small business, regardless of its industry or location.
Viewing this interview will show you the need to:
- Design systems that provide not only more financial independence but also freedom and peace of mind
- Develop strategies that increase revenues
- Increase the effectiveness of the money that is spent on your business
- Profit by working ON your business rather than IN it
As a businessperson you will instantly identify with Wally. This interview will help you identify ways you can run your business more efficiently and more profitably.
Monitoring & Reporting
At Ramsay & Associates, we can help you determine which key elements of your business can be measured on a regular basis to give you a performance analysis of the business over time. The purpose is to help you detect trends that will help manage your business for better efficiency of operation and address areas that need immediate attention.
Performance Improvement
This unique tool allows our team to analyze key financial elements relating to the overall health and performance of your business. It allows us to view the business holistically, looking at overall trends, setting performance goals and identifying other needs.
Team Building
This is a business survey tool for capturing team opinions, concerns and views about the business the team works for and helps identify opportunities to improve:
- Team satisfaction and morale by improving the culture
- Business processes by capturing the innovative ideas of those at the base of operations and customer interaction
- Team understanding of, and buy-in to, the vision of the business
Conducting internal surveys of the team is an effective way of discovering how people feel about working for the business. The team is, of course, a critical stakeholder group in terms of contribution to business success. Dissatisfied or uninformed teams tend to perform below their capabilities, leave their jobs relatively quickly and are not very likely to recommend the business to others.
This analysis will also allow the business owner to test their own beliefs about the quality of their business’ culture and operational efficiency against the perceptions of the team members themselves. It can also be used to compare perceptions between groups such as a sales team and accounts team.
Succession Planning
Some business owners feel that the ultimate purpose of their business is its eventual successful sale and transition to new leadership. At some point, it’s important that you make plans for the time that you would like to leave your business in someone else’s leadership and obtain a good price for your efforts in building it. At Ramsay & Associates, we have the knowledge and expertise to help you prepare your business for a gradual transition and help identify how to sell it. We can also help you enjoy the business now and help you find the time and resources to do the things you want to do in life.
Succession planning is a process for identifying and developing internal people with the potential to fill key business leadership positions in your company. Succession planning increases the availability of experienced and capable employees that are prepared to assume these roles as they become available. At Ramsay, we are aware of the fact that clear objectives are critical to establishing effective succession planning.
Our experts can help you:
- Identify those with the potential to assume greater responsibility in the organization
- Provide critical development experiences to those that can move into key roles
- Engage the leadership in supporting the development of high-potential leaders
- Build a database that can be used to make better staffing decisions for key job
Schedule a Consultation today!
TESTIMONIALS
What Our Clients Are Saying
"Very impressed with initial consultation - Brady's depth of knowledge, asking the right questions, very professional and yet friendly, the kind of person you want on your side. Highly recommend Ramsay and Associates."
Jeff Vesel
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