Maximize your bottom line
Having the right numbers and financial processes in place improves business outcomes and leads to greater success.
RECENT ARTICLES:
Re-opening the Economy: Three Phases to Bring Back Business
As we begin to look beyond the coronavirus economic lockdown, the government gave us a plan to end lockdowns and stay-at-home orders within the next few months. President Trump has provided governors with a three-phase program intended to safely revive America’s economy, which is called “Opening Up America Again.”
How to Create Contingency Plans for Supply Chain Disruptions
While the Coronavirus outbreak has been unexpected in every way, its impact on our global supply chain and local distributors is unprecedented. If your company, or its key suppliers, carries limited raw material inventory and relies heavily on Asian sources of supply, you are at high risk of disruption, according to several new economic analyses.
Controllers Processes and Procedures
A controller is someone responsible for all accounting-related activities within an organization. Financial Controllers report to a firm’s CFO. Their duties include the preparation of operating budgets, overseeing financial reporting, and performing essential functions related to payroll.
Timeliness: Your Work in Progress (WIP) Schedule is Incorrectly Forecasting your Cash Flow
A Work In Progress (WIP) report consists of an accounting schedule that’s a portion of a company’s entire balance sheet. In best practices, each accounting period has a calculated work in progress report that complies with GAAP principles. These reports are required on projects where the Percentage of Completion (POC) accounting method is used. The WIP report typically consists of current period and project-to-date financial metrics that explain each contract the company is working on, however, the format does change from company to company.
How to Know If You Have Hired the Right Staff Accountant
Staff Accountants are the backbone of any good accounting firm and handle the majority of basic accounting functions for your company. When you have great Staff Accountants, your business will run more smoothly, and your CFO will be able to make the best possible decisions. When it comes to accounting, every small decision matters in a big way for the company as a whole. Here are a few qualities to look out for when hiring Staff Accountants:
Oversight and Accountability- Have You Left Gaps in Your Controls?
Small businesses are among the most vulnerable groups to fraudulent activity. These businesses are more susceptible and face a greater risk of fraud because typically, they have employees working across many different departments as their job description, there is a closer relationship between the staff and owners, there are few oversight procedures in place, their accounting department has less expertise on financial functions, and there is a larger impact on the bottom line of a small fraudulent event.
How can you prevent fraud in your small business? Here are a few tips to help you keep your company safe:
How can you prevent fraud in your small business? Here are a few tips to help you keep your company safe:
SCALABLE FINANCE & ACCOUNTING
The TGG way is based on strict adherence to the highest financial standards. Out teams are accountable to you and each other.
A NATURAL EXTENSION OF YOUR TEAM
We put systems in place to increase transparency and understanding and help business owners avoid common mistakes.
A ROAD MAP FOR SUCCESS
We increase the value of a company by up to 10X EBITDA through rigorous GAAP compliant financial reporting.
Let us guide your business to financial profitability and safety so you can achieve your goals.
TGG doesn’t feel like an outsourced vendor. Their financial insights, experience, and banking relationships helped us secure a line of credit beyond our expectations.
TGG’s unmatched depth & breadth of experience guided us through proof of concept, to a successful Series A financing and customer acquisition.
TGG helped us achieve our personal and business goals through the entire process of selling our business. They demonstrated a deep understanding of our industry and ensured a successful sale.