Accounting & Consulting Services

for Businesses

It doesn't matter what stage of growth your business is currently in. Start-ups, growing, and mature businesses have one thing in common: they require solid financial management to achieve success.

Accounting Services

1 | Bank Reconciliation

Reconciling business checking accounts regularly maintains banking & accounting records, keeping business taxes up-to-date.

2 | Income Statement

An income statement is a valuable tool for managing revenues & expenses and optimizing the operating performance of a business. With regular updates, an income statement pinpoints metrics to guide corrective action, such as unexpected expenditures or increases in returns.

3 | Balance Sheet

A balance sheet allows businesses to evaluate their financial health, analyze trends, and review the flow of revenues & expenses.

4 | General Ledger Maintenance

Regular reviews of general ledgers uncover discrepancies such as unrecorded payments. It is critical to keep a general ledger accurate, as it is the foundation of a company's financial statements.

5 | Consultations

Consultations are vital to interpret and utilize financial records—facilitating growth through strategic planning, inventory controls, forecasting, and budgeting.

Industries We Serve

Government & Public Sector

Transparency, efficiency, and accountability are essential for public sector organizations when executing duties and spending public funds. Our team is dedicated to assisting government entities and municipalities of all sizes in maintaining internal controls, protecting assets, and satisfying regulatory and compliance issues.

Health Clubs

Our health & fitness accounting services are appropriate for dance studios, fitness studios, gyms, and freelance personal trainers. Having once owned a franchise of health clubs, our partners at Griffin & Furman, LLC understand the considerations of health & fitness accounting—such as prepaid items, cash flow, and membership.

Pharmaceutical

For pharmacy clients, our accounting practices provide meaningful information surrounding the operations of any pharmacy. Independent pharmacists operate in a highly regulated and competitive environment. Utilizing thorough accounting practices, we assist with identifying sales behaviors, costs, and potential efficiencies and risks.

Construction

Our expert accounting team understands the nuances of the construction industry—including rising costs, regulatory changes, and the difficulties of obtaining financing. General contractors or subcontractors who work in specialized fields such as road construction, oilfields, shipbuilding, and more can benefit from our accounting, consulting, and tax preparation services to build a more profitable construction company.

Non-Profits

Accounting for non-profits doesn't start and stop with the Form 990. Non-profits, not-for-profits, and 501(c)3 organizations have unique demands for compliance in regards to fundraising, organizational structure, and financial & regulatory concerns. In addition to auditing, we provide constructive recommendations for more efficient processes and stronger internal controls, and we regularly advice boards in compliance and other improvements.

Healthcare

For dental, medical, and chiropractic practices, we offer an approach to help clients face the challenges of increasing industry change. We combine advisory, audit, and tax accounting to address service-line profitability, delivery of care efficiencies, risk management, and return on investment.

Professional and Other Business Entities

Our expert team of Certified Public Accountants offers financial reporting, tax preparation & strategy, and Chief Financial Officer services—such as performing audits, creating reports, and preparing income statements, balance sheets, & tax returns. We support businesses by looking for growth opportunities, watching industry trends, and optimizing cash flow.

Outsourced CFO Services

Business owners and executive decision makers of organizations are challenged with the daily demands of running a business, such as tackling growth needs, profitability, cash flow, opportunities for acquisition and merger, and so much more.

Hiring an experienced Chief Financial Officer is the solution to providing strategic advice on cash flow planning, debt and equity financing, and financial forecasting.

At Griffin & Furman, LLC, we offer part-time CFO (or fractional CFO) services to support your business with the guidance of an experienced financial executive—without the cost of a full-time employee.

1 | Cash Management

Cash flow is often considered the biggest challenge for business owners and executives. An outsourced CFO helps manage revenues and expenditures to optimize cash flow, while helping the team to understand overall strengths and areas of improvement.

2 | Credit

A CFO can arrange credit lines or restructure existing ones. Additionally, an outsourced officer is able to find creditors who can provide the needed capital for future growth and advise on the business's mix of equity and debt.

3 | Financial Reporting

The principal role of a CFO is to understand and improve the business's financial standing through annual reports. Using the data in standard financial statements, a part-time CFO is able to develop a reporting system based on your business's needs and recommend metrics to track the effectiveness of products or efforts.

4 | Ongoing Strategic

CFO experts use data-driven strategic planning to create forecasts and budgets. They also facilitate meetings to keep the business accountable and correctly adapt plans for trends or the unexpected.

5 | Mergers & Acquisitions

For businesses or organizations considering a merger or acquisition, a part-time CFO assists with deal structuring, future forecasting, cash flows, negotiating letters of intent, and reviewing purchase agreements.

Advantages of an Outsourced CFO

Affordable Growth

For many small businesses, a full-time CFO is out of reach. Part-time CFO services provide a financial expert for a fraction of the cost—equivalent to gaining a reliable and trusted team member.

Outside Persepective

An outsourced CFO can often bring fresh insight to a business's metrics and financial strategy. Our team of professionals implements their prior experience when working with similar businesses—offering observations from a deep and insightful level.

CEO Support

A CFO is able to aid a business's Chief Executive Officer by taking responsibility for the financial tasks—allowing for more attention to be given to other executive efforts.

Flexibility

Scaling a business's needs can be complex. The services of an outsourced CFO are able to grow (or shrink) with any fluctuations.