top of page
Our Services
Foundational Services
Cash flow Optimization:
Through Profit First accounting principles, we help better optimize how clients manage their operating cash flow and strengthen their overall profit and working capital. We will help ensure that they have simplistic, yet effective processes and the necessary discipline with their expenditure, credit, and collection practices.
System Enhancement / Setup:
We review our clients QuickBooks and cash management systems to ensure or establish accurate and efficient baseline cost accounting, with a focus on profit generation. Our focus is in setting up the systems to truly discover the actual cost of a good or service and to drive the discipline that will ensure our clients business is profitable on every sale.
Profitability Analysis:
Once baseline cost accounting is established, we help set up the available tools and best practices so that the actual cost of all products and services can be made easily available to decision makers. With this additional data, better decisions can be made to retire, expand, invest in greater efficiency, increase or decrease price, or add a new product or service.
Dynamic Growth Opportunities
CFO Services:
Most small businesses don't have the budget to add an experienced CFO (“Chief Financial Officer”) to their payroll to help them proactively strategize, evaluate business opportunities, build financial models, help interview key hires, or ensure their books are appropriately reviewed, updated, and working for their needs. That is where we come in, to provide these services as needed so clients pay for just what they need and not more. CFO services can be contracted at either monthly or quarterly intervals, according to one’s unique business needs.
Advisory Services:
Oiprofit can provide advisory services and bring valuable financial and business support to their clients. We get to know a client’s business and stay current to oversee, advise, and help ensure their client’s company operates effectively and lawfully. Oiprofit can be a critical resource and a sounding board for their client’s ideas and challenges.
Forecasting Cash Flow:
Most small business owners don't have the team, experience, or financial training to forecast cash flow reliably. Oiprofit can help their clients build a cash flow model that can be a powerful tool to plan for seasonality, changes in working capital or inventory strategies, investment decisions, and/or expansion decisions. We can either keep the model updated each month, or train someone on their team to update it on an ongoing basis under our review.
Financial Modeling:
Oiprofit can help its clients build a comprehensive financial model that can demonstrate how their company will be able to generate future profit and cash flow under prescribed scenarios. The model can be built to run sensitivity analysis and adjust dynamically for various assumptions so they can easily be compared, providing valuable insight and performing a “stress test” before making critical changes to the business.
Opportunity Analysis:
Oiprofit can help its clients to perform opportunity analysis to evaluate potential business opportunities that have identified to achieve their strategic goals. We can perform various calculations to evaluate each opportunity to detect potential risks, evaluate its potential strengths, and measure its potential short-term and long-term financial impact on the company.
Process Audit:
At Oiprofit, we can independently review any number of business processes and provide detailed findings and recommendations aimed at improving productivity, consistency, and quality, as well as reducing unnecessary costs.
Internal Control Design:
Most small businesses do not typically have financial controls in place when first starting out, but the need becomes greater as they grow and increase in both staffing and complexity. At Oiprofit, we can help our clients design and build efficient internal controls that are effective at safeguarding assets and ensuring reliable financial information.
Family Business Considerations:
Family businesses need to consider many factors, one such is building trust through having a defined structure and clear policies that all employees need to abide by, especially family members. At Oiprofit we have experience in working with multiple family-owned businesses and can direct our clients to the resources and practices that are best able to help their family business maximize its chances of success in the future.
Key Services
QuickBooks Audit:
We can provide a confidential & comprehensive review of our client’s QuickBooks setup and usage. We review to see if it is properly set up and functioning in a way that is providing them with valuable insights into their business. Our review searches for typical set up problems, accounting discrepancies, regulatory compliance issues, and opportunities for greater processing efficiency and accuracy. We will present our clients with the report outlining in detail each of our findings and can assist in making the changes.
Book-Keeping:
Oiprofit can assist clients with general bookkeeping needs as linked through their QuickBooks Online account. We can either prepare or review the books and assist similarly with month-end close, complex accounting entries, account reconciliations, and/or monthly reporting.
Business Risk Assessment:
At Oiprofit, we can help our clients build a business risk assessment unique to their company and market to help identify risks of the business, measure their potential severity, and ensure critical plans or controls are in place to address any significant risks identified.
bottom of page