SMD offers a full range of accounting services to our non-attestation clients. With an exceptionally strong accounting practice, clients call on us for a variety of projects, including:
- Compiling annual and interim financial statements
- Controllership services
- Custom installation of charts of accounts and internal reporting systems
- Maintenance of accounting records including general ledgers and journals
- Preparation of payroll and sales tax returns
- Budgeting and cash flow analysis
- Independent bank reconciliations
- Assistance in the recruiting of accounting staff
- Training of client accounting personnel
Our profit enhancement process effectively investigates and solves problems related to the generation and maintenance of company profits. SMD identifies trends such as flat or diminishing profits, increased sales without increased profits, or company and employee behaviors that weaken profitability. We then offer strategies to overcome and eliminate these profit weaknesses.
Our solution involves three distinct phases:
- Diagnostic review
- Facilitation workshop
- Implementation
SMD collects information about your firm and industry through surveys and interviews with the owner(s) and officers, department heads, and supervisors. From these discussions, we develop a confidential profit improvement report that focuses on the five business engines directly related to profits – sales and marketing, management and finances, operations, organization, and people – and ties them in to immediate profit-enhancing opportunities in your company.
If you are not satisfied with the solutions we offer, you may end the process at this point with no fee obligation. Otherwise, we gather company leaders together for a workshop to plan the execution of the ideas in our profitability report. Here responsibility for profit-enhancing work is assigned to designated employees, and a final plan for profit improvement is created.
We also bring to your company our expertise as implementation advisors. We work directly with key people in your business, coaching them to carry out the plan as directed and make increased profitability a reality. Your employees will feel the satisfaction of playing a major role in refocusing the company.
