Our Services
Anyone who runs a growing business appreciates the importance of good financial information. But wearing too many hats can distract you and your staff from your core competency, and that can really hurt your business’ growth.
Financial Design offers a range of outsourced financial services and operational support that will transform the financial management of your business.
Fractional CFO
Your Fractional CFO coordinates with your assigned Account Manager to obtain your financial data to prepare forecasting models and perform scenario planning based on different financial assumptions. We prepare a company wide budget and monitor the month to month execution of the plan against budgets vs. actuals.
We provide customized plan based on your business goals and work one on one with our client to ensure your goals are achieved. Your CFO will participate in board/leadership meetings and hold video/phone meetings with the company CEO and organizational leaders.
Bookkeeping
We ensure all transactions are accurately captured in the books. In our month-end close and review process, we make necessary journal entry adjustments, reconcile balance sheet accounts and verify accuracy of income statements. We also support additional categorization, such as class or project accounting.
Revenue & Accounts Receivable
Financial Design prepares and sends invoices, reviews A/R aging and then follows up with your clients on collections. We also record revenue and sales receipts, post and apply bank deposits, update client deposit reconciliations as needed and prepare and submit sales-tax filings. When appropriate, we save relevant supporting documentation.
Expenses & Accounts Payable
We process credit card expense transactions and vendor bills. If you have contractors, we ensure they are paid, collect W-9s and manage submission of 1099s to the IRS and the state. We also handle vendor management, receipt management and expense reporting.
Financial Planning & Analysis
Financial Design delivers a standard monthly financial package, including balance sheet, income statement and statement of cash flows. We also provide additional management reporting to meet client needs. This may include cash reporting, budget vs. actual analysis and/or a key performance indicators dashboard. We assist with preparing budgets and forecasts and provide analysis on performance against plan. In addition, we field and coordinate filings with state or other government agencies.
Tax Planning & Tax Preparation
Financial Design analyzes both your business and personal financial situation to create a plan that ensures all elements work together. Our goal for you is to pay the lowest taxes legally possible.
Our Tax Professionals prepare monthly/quarterly and annual tax filings to federal and state agencies.
Human Resource Compliance
Financial Design handles many aspects of payroll administration, including initial payroll setup, company wide payroll processing, journal entries and reconciliations. We perform HR compliance assessment and issue compliance recommendations. We prepare employment documents, such as employee handbook, offer letter templates, and job descriptions. We provide copies of required federal and state posters and source medical/retirement benefits.
Here’s a look at what you can expect as a Financial Design client.
Getting Started
Our partnership begins with a kickoff call. You’ll meet your account manager, learn about our processes and get a clear overview of our outsourced bookkeeping services.
Working Together
Communication is the foundation of our partnership. We will discuss upfront how often you would like for us to communicate with you. We will setup a communication plan that meets your preferences.
Making It Easy For You
You can send us your back-office documents, such as invoices, receipts and statements by uploading the files to our secure shared folders.
Account Manager
Our team will include an experienced associate who will be your point of contact and answer any questions you may have.
Always Here For You
We’ll be there for everything from answering and processing your questions to keeping you on top of key business data and working on ad hoc projects as needed.
Room To Grow
As your business grows and demands change, we can add more resources as needed. You may never need to hire internal back-office resources!
Are We The Right Fit?
Schedule a free discovery call so we can answer any questions you may have about our firm.