Is Accounting the Achilles’ Heel of Your Business?

by | Jun 11, 2018 | Emerging and Growing Business

Unalp Achilles Heel

For business owners, accounting is a necessary evil. It’s uncomfortable because, generally, it’s outside of the owner’s area of expertise. When you look ahead at all the ways you want to invest in your business, staffing up the accounting function is probably not on that list. Is Accounting the Achilles’ Heel of Your Business?

For business owners, accounting is a necessary evil.  It’s uncomfortable because, generally, it’s outside of the owner’s area of expertise.  When you look ahead at all the ways you want to invest in your business, staffing up the accounting function is probably not on that list.

As much as you don’t want to deal with it, financial accounting can’t be ignored:  there’s the necessity of managing cash flow, paying taxes, funding R&D, buying equipment, and paying employees to name just a few.

The Financial Health of Your Business Is Critical

Business sustainability depends on financial health.  Maintaining financial health requires disciplined accounting practices as well as sound decisions – decisions that prevent money from being lost or capitalizing on opportunities that provide additional revenues and profits.

An Objective Evaluation through Unalp Finance Diagnostic Assessment

What’s the best method of getting an objective look and helpful advice?  We recommend a Finance Diagnostic Assessment (FDA).  Unalp CPA Group comes on site to evaluate every aspect of your accounting: people, processes, and technology.  Our on site evaluation generally takes one or two days (though it could be more depending on the size and complexity of your organizations).

The FDA Report – a Blueprint for Action

We then prepare a thorough and detailed report of our findings.  This report gives you:

  • An independent analysis of the challenges the finance team faces
  • Documentation of the actions and costs required to improve the current situation
  • Analysis of potential risks on the horizon if problem areas are not remediated
  • A realistic timeline mapping the time required to deploy recommended solutions

If you choose to continue to work with us to execute an action plan – that’s great.  But the Unalp FDA was designed to assist you whether or not you go forward with us.

We help you itemize the problem areas and give you a variety of possible solutions to address the challenges – we’re not trying to shoe-horn you into a single course of action.

The Unalp CPA Group Finance Diagnostic Assessment was develop by attorney Jeffrey Unalp, CPA.  As a business owner himself, he understands the value of clearly defined priorities and option.

A Detailed Path Forward

If you’ve struggled with the efficiency and effectiveness of your financial accounting function, the Unalp CPA Group FDA will help you answer the questions:

  • Where do we start?
  • Which action items should be the priority?
  • Where should we make an investment – people or technology?
  • What are our options?
  • Can we afford them?

Armed with the findings of the Unalp CPA Group Finance Diagnostic Assessment, you now have the answers.

Let us help you see how the plan would unfold. We recommend options, affordable options, that you may not have realized were available. Because we work with a variety of businesses and technology solutions, we can make a reasonable, affordable recommendation.

Contact Jeff Unalp, CPA to get started:
jrunalp@unalpcpa.com
925-256-6321