PBA Operational Advisory
The ultimate goal of our operational advisory services is three-fold: to save you time and energy, to make your business processes more efficient, and to provide cost savings. HW&Co. can help you assess and adjust your internal operations to optimize your organization’s efficiency, thus streamlining or automating time-consuming business tasks and allowing you to focus on your business.
We conduct an analysis of your business’s accounting and operational practices, and recommend improvements to restructure your systems to best meet your financial goals.
HW&C0. offers a variety of operational advisory services tailored to meet your company’s specific business objectives.
Private Business Advisory Services
What We Do
Our operational advisory services can be as specific or large-scale as you need. We start by reviewing your current processes and evaluate them against how they fit with your business needs and stated goals. The table below outlines several of our operational advisory services that can improve your business’s workflows and productivity:
Financial Statement Prep
Financial statements are important. They can affect the outcome of many types of business transactions–from business loans to audits to mergers or acquisitions and more. At HW&Co., we ensure you have accurate financial statements that reflect your true financial performance.
We provide the following documents to provide a clear picture of your company’s financial position and cash flows:
- Balance sheets
- Income statements
- Statement of cash flows
- Explanatory notes
QuickBooks & Accounting Software
Many businesses use accounting software to meet their daily needs – one of the most notable of which is QuickBooks™. Our certified QuickBooks ProAdvisors can help you get the most out of the software.
There are many accounting software applications, which address different business needs. We can help you select the right software for your company, train your employees in using it, or, if needed, perform your bookkeeping tasks for you so that you can focus your time and talent on other parts of your business.
Some of the services we offer include:
- Accounting software installation
- Accounts payable and receivable set-up
- Billing and invoicing, payroll processing, and financial statement structuring
- Beginner and advanced training for software
- Monthly/quarterly reviews of databases
- On-going phone and/or remote access support
- Advanced projects
Accounting Processes & Automation
Automating your accounting software provides a variety of benefits, including saving you time, effort and money, while producing accurate and reliable financial documents and other deliverables. We can help you build a scalable financial solution that automates accounting tasks such as:
- Financial document updates
- Accounts reconciliation
- Purchasing activities
- Travel & mileage (and other expense) reimbursement
- Sales order practices
- Certain payroll activities
- Period close processes
And because automating these accounting functions minimizes manual effort and reduces time, your employees can focus on more value-added activities such as analyzing data and meeting with clients.
Bill Pay Automation
Bill pay automation can save your business time and money by streamlining your invoice approval process, sending and receiving payments, and monitoring cash flow. The benefits of bill pay automation include:
- Reducing the manual work associated with accounts payable and accounts receivable tasks.
- Integration with accounting software, enabling your business to synchronize your financial records.
- Shortening approval processing timelines.
- Reducing payment delays and potentially missing discounts.
We can help you select and implement a secure, efficient bill pay system that reduces manual labor and supports your company’s financial operations.
Sales & Use Tax Returns
Preparing and filing sales and use tax returns is time-sensitive, time-consuming and multifaceted. Taxpayers who are registered to pay or collect sales and use taxes must file their returns and remit tax in a timely manner each month. Compliance with various state and local jurisdictions is critical, but often overwhelming. Gathering data can be difficult and confusing because it can come from numerous departments within your organization and exists in various places within accounting systems, including accounts payable journals, sales journals, fixed assets ledgers and others.
Our advisors are experts at sales and use tax compliance across all jurisdictions. We offer efficient and affordable solutions that give you control while also providing you with confidence that your sales and use tax returns are prepared by qualified CPAs who have deep knowledge and decades of experience assisting clients with compliance. By administering the processes around your sales and use taxes, we better enable you to focus on running your business.
