SMALL BUSINESSES

Frustrated by handling business tasks outside your expertise?

Lack the time or interest in bookkeeping?

Intimidated by numbers or tired of accounting cutting into your billable hours?

If you run a small professional services firm, CoHo can truly change your life – by providing you with the tailored, supportive expertise you need to manage your finances, freeing you to do what you love and do best. We can also work seamlessly with your CPA, lawyer and other advisors, and can assemble the right experts to complete your professional team.

CoHo will be with you every step of the way; our goal is your peace of mind.

Below is a representative list of innovative CFO services we provide:

BASIC FINANCIAL SET-UP

  • Set up your bookkeeping, Quicken/Quickbooks

BUDGETING AND FINANCIAL PLANNING

  • Create budget and spending plan
  • Develop cash flow analysis
  • Review and analyze Accounts Payable and Accounts Receivable

BANKING

  • Monitor accounts and cash flow, perform monthly reconciliations
  • Prepare bank reports regarding credit lines and loans
  • Meet with bank to improve available credit and services

ACCOUNTS RECEIVABLE

  • Prepare invoices, record payments, engage clients to ensure timely payment
  • Analyze expected cash inflow/outflow
  • Collect on overdue accounts

ACCOUNTS PAYABLE

  • Record and pay bills, handle payment system set-up (e.g. auto-pay)
  • Maximize available cash on hand
  • Negotiate terms and work out payment plans

ASSET MANAGEMENT

  • Maintain depreciation/amortization schedules
  • Analyze asset lease vs. purchase decisions

SHORT-TERM LIABILITIES (including credit cards)

  • Manage credit card accounts
  • Track and report on credit usage

LONG-TERM LIABILITIES

  • Assist with property purchases
  • Assist with administrative issues such as insurance

PAYROLL

  • Fully integrate processes with your financial system(s)
  • Handle standalone payrolls, manage direct deposits
  • Prepare and file quarterly/annual employment tax returns

FINANCIAL STATEMENTS

  • Reconcile balance sheet accounts including equity reconciliations
  • Produce monthly financial statements
  • Create reports for investors, partners, creditors or lenders

TAX PREPAREDNESS

  • Calculate and pay quarterly taxes
  • Work with your CPA tax specialist to ensure compliance with their tax plan
  • Prepare tax planning (note: CoHo does not prepare annual tax returns)

SPECIAL PROJECTS – EXAMPLES

  • Prep you for an audit
  • Assist in getting a loan
  • Handle business closures