Accounting and Financial Reporting

Accounting and Financial Reporting

Accounting and Financial Reporting

Accounting and Financial Reporting

ACCOUNTING AND FINANCIAL REPORTING GENERAL

  • Accounting and financial reports hold significant knowledge for small businesses, acting as a fundamental guide. Financial reports offer valuable insights into a company's financial well-being, performance, and potential for expansion. By maintaining precise records, small businesses can make informed choices, monitor advancement toward objectives, secure financing, and exhibit openness to stakeholders.

  • Big Picture Results simplify and integrate the entire Accounting process - tailored for your industry and management needs. This means you - the business owner, are able to understand your numbers, real-time and bring more to the bottom line (= more profits!).

  • Many small businesses lack the essential financial clarity required to promptly make informed decisions. Big Picture Result's goal is to transform this situation! If you've been facing persistent inaccuracies in your financial statements, it's time to connect with us!

A. GROW YOUR BUSINESS

Recommended Services for Growth and Exit Oriented Companies:
  • Accounting Setup, Cleanup and/or Bookkeeping updated current

  • Advisory + Financial Statements preparation, review (Grow Your Business)

    • CEO Advisory: Outsourced CFO and/or COO Consulting and Support

    • Quarterly Financial Reviews and Strategic Planning

    • Cash Flow and Multi Year Projections or Budget Creation

    • Financial Costing and Analysis (job, pricing, hiring)

    • Operations - Audit, SOPs, Process revamp/design/implementation, Training

  • Financial Statements Preparation:

    • ​​​​​​​Monthly - Record Keeping, Close, Adjusting Entries, Secure File Management

    • Monthly - Monitoring and Detailed Reporting including A/P and A/R (QBO only), Sanity Checks

  • Management Reporting Package - Class Reporting and Key Performance Indicators (KPIs)

  • A/P and A/R - cleanup, best practices workflow design, and support/training for CEO and Team

  • Resources - Partners, Templates

  • Tax Prep - coordination and handoff to in-house CPA

  • Financial Statements preparation for Biz Funding/Exit (financing, capital raise)

  • Acquisition Advisory - Get your business prepared for Expansion funding

    • Normalization of financial results

  • Valuation, Consulting, Best Practices, templates (LOI, Corporate docs), project rates

  • Tax Preparation and Filing​​​​​​​​​​​​​​

    • ​​​​​​​Fed and State

    • Sales Tax

  • Add Ons (see separate services list, additional project fees apply)

    • Human Resources Proactive Compliance and Prevention

    • Process Design & Implementation also available

B. KNOW YOUR BUSINESS

Recommended Services for Established, Breaking-Even, Ready to Get Profitable:
  • Legal Entity Review

  • Accounting Setup, Cleanup and/or Bookkeeping updated to current date​​​​​​​

  • Financial Statements preparation and review (Know Your Business)​​​​​​​

    • ​​​​​​​Monthly - Record Keeping, Close, Adjusting Entries, Secure File Management, Summary Reporting

    • Quarterly - Detailed Reporting

  • Financial Statements prep for Biz Funding (financing incl. LoC, capital raise, build/leverage credit)

  • Tax Preparation and Filing​​​​​​​​​​​​​​

    • ​​​​​​​Fed and State

    • Sales Tax

C. COMPLIANCE

Recommended Services for Start-Ups:​​​​​​​
  • Legal Entity Formations and Due Diligence​​​​​​​

  • Accounting Setup, Cleanup and/or Bookkeeping updated to current date​​​​​​​

  • Financial Statements preparation and review (Compliance Tier)​​​​​​​

    • ​​​​​​​Monthly - Record Keeping, Secure File Management

    • Quarterly - Close, Adjusting Entries, Summary Reporting

  • Financial Statements prep for Biz Funding (financing incl. LoC, capital raise, build/leverage credit)​​​​​​​

  • Tax Preparation and Filing​​​​​​​​​​​​​​

    • ​​​​​​​Fed and State

    • Sales Tax

D. ACCOUNTING CLEAN-UP OR SET-UP

Recommended Services for Start-Ups:
  • Accounting Clean-up

    • Transitioning from a prior Bookkeeper or Accountant that could have done better? Big Picture Results handles historical cleanups with ease and adheres to IRS and GAAP best practices - facilitating a streamlined year-end Tax Reporting process. ​​​​​​​

    • Let’s talk through the best route based on cost-benefit, last year you filed taxes, your needs, and long-term game plan so that we are strategically and confidently moving forward.

    • BPR will get your books up to date as needed to move forward with meaningful reporting available at your fingertips!

  • Accounting Set-up​​​​​​​

    • ​​​​​​​Accounting set-up is the foundation of a well-organized financial management system for businesses. It involves establishing essential processes, software, and documentation to accurately record and track financial transactions. A proper accounting set-up ensures compliance with regulations, enables effective financial analysis, and provides a clear overview of a company's financial health.​​​​​​​

    • Big Picture Results follows IRS and GAAP best practices, taking into account both Tax Reporting and Management Reporting. We structure your books to offer insights into profitability analysis.

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