Accounting the heart of the
profession. It was invented in 800 B.C., and is
still relevant today in running billion dollar organizations.
The objective is quite simple: get control of the
information, and use the knowledge derived to solve
business problems.
Key Benefits
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Provides management with timely, forward
looking, comparative feedback in line item
form. |
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Create a revenue, purchasing, and payroll
cycle in which business is conducted. |
| • |
Manages working capital by measuring
current assets and current liabilities (which
is ultimately net cash flow.) |
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Measures worth of organizations and
resources allocated to business processes. |
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Measures success or failure of organizations,
it's processes, and it's people. |
Capabilities
We see poorly run accounting systems in new clients
each year. They have
no control, they have no
systems, they have no knowledge of what is going
on next month. And usually, the company we see performing
poorly, are the ones who fail to manage their accounting
systems, experience turnover, and ultimately cut
back in accounting system resources, and perform
poorly again. We call it "the spiral".
Understanding the Industry
Often the first step we take in gaining control
of the accounting system, is to determine the best
practices for the specific industry they occupy,
and determine the reports they need to manage.
Designing the System
The
second step is determine if the existing system
is capable of delivering the information or to install
hardware, software, and procedures to gain control
of the revenue, purchasing, and payroll cycles.
Training the Employees
The
third step is to hire, train, or recruit capable
people to run the system as studied and designed.
This, by far, is the most difficult and continuous
step. Good people are hard to find, and keeping
them can be even more difficult. Our staff is always
available to provide emergency back up in case of
absence, disability, sickness, of staff turnover.
Monitoring the System
The
fourth, and easiest step is to review the result
of the reporting system with management on a periodic
basis, either monthly, quarterly, semi-annually,
or annually. It is simple fundamentals that we bring
our outcome management resources to bear, for the
benefit of our clients.
Accounting System Complexity
We often find some clients wish to outsource most
of the accounting functions other than check writing,
depositing, and invoicing. Our write-up services
offer turn-key services from staff with decades
of experience in payroll, general ledger, tax depositing,
and income tax and financial reporting. We find
this outsourcing allows the client to spend more
time running his operation, and less time on compliance.
We also have offered for over 20 years computer
timesharing over dial-up connections. More recently
we began offering an application service provider
(ASP) environment through extranets, where work
is divided in some portion between your accounting
staff and our professionals, using our state-of-the-art
computer systems. This offers browser based data
entry and processing, with support and supervisory
review by our professional staff.
Finally,
we offer complete systems integration for in-house
environments using industry specific applications
across several operating system platforms. Applications
in construction contracting, manufacturing, services
based business, not-for-profit, time and billing,
payroll are just a few.
If you would like
to talk with us about what Bodtke & Stewart can
do for your accounting and accounting systems needs,
please contact us.
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More information on our services:
Accounting
Auditing
Tax
Consulting
Pension
Services
Litigation Support
Business Valuation
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