entrepreneurs

Building a business from the ground up entails transforming ideas, vision and confidence to goods or services valued by its customers. Making a business profitable often requires independent perspective, financial analyses and hands-on experience that Billiken delivers through our services:

• Bookkeeping and Outsourcing
• System Improvements
• Business Planning and Budgeting

For entrepreneurs, having timely, accurate, and reliable bookkeeping makes informed business decisions easier. Outsourcing bookkeeping or all back-office functions frees the entrepreneur from the day-to-day financial responsibilities, allowing business owners to focus on growing their business, serving their customers and delivering quality goods or services. Our bookkeeping and office management services span from set-up and training, to monthly quality review to full-outsourced solutions –in-house or hosted on our systems – either way you have full visibility to your business results, financial condition and accounts.

Bookkeeping and outsourced back-office services include:

• General ledger and reporting
• Customer billing and collection
• Vendor invoice and bill payment processing
• Payroll and direct deposit
• Bank and credit card reconciliations
• Compliance reporting – sales tax, payroll tax, etc.
• General office administration
• Human resource benefit support

We work with your advisory team (CPA, attorney, executive coach, bankers, and board members) to provide the tools to drive business success.

 

Essential financial, payroll, customer billing, vendor payable and management reporting systems enable owners to monitor where the money is going, conduct tax planning, establish financing, predict future cash flow needs and confidently establish compensation levels. Our knowledge of integrated packaged software solutions and ability to quickly assess the capability of such systems and resource requirements are critical components to providing reliable, timely, key management information. In addition, we help organize process work flow, personnel responsibilities and data management for overall effectiveness. Our services include:

• Evaluation of current systems and processes
• Improved utilization and understanding of current systems
• Development of meaningful management reports and a management dash board
• Organizational structure and accountability alignment
• Implementing paperless processing through email, e-file rooms, etc.
• Implementing new applications
• Developing policies, procedures and practical processing aids
• Training and support of systems and improved processes

We work with entrepreneurs and their team to develop well-grounded business and financial plans understanding the hurdles to profitable business growth. Our objective perspective, validated in financial analyses, industry-based data and trends, cash-flow and liquidity requirements help entrepreneurs navigate some of these day-to-day decisions:

• Buy vs. lease
• Assessment of financing options and terms
• Staffing and hiring of new personnel
• Price adjustments and customer credit terms
• Capital investment and expected returns
• Compensation adjustments and benefit program costs

Clients benefit from the virtual inclusion of a Chief Financial Officer and Controller – providing financial leadership with business planning and budgeting – the most effective way to keep a business, and its finances - on track. Our services help balance between achieving priorities and meeting business needs.

Business Planning - summarizing business operational and financial objectives; assessing business strengths, weaknesses, opportunities and threats, developing detailed action plans for achieving the objectives; and preparing financial projections.

Budgeting – converting short and long-range business planning projections to expected monthly and annual financial revenues, costs and profits; as well as developing operational performance measures to monitor and predict future business results