
Statement of Work:
(For Flat Fee Monthly Billing)
Installation:
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Complete review of accounting processes and practices including set up of ledger and spreadsheets.
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Balance sheet and account analysis review.
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Review of other forecasting tools and methods.
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Review of the 13-week cash flow forecasting process.
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Build daily/weekly restaurant scorecard with goals and trends based on the Key Performance Indicators such as: Weekly Revenue, Cash Balance, COGS, Payroll, Net Profit & EBITDA.
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Weekly review of progress and findings with company leaders.
Weekly:​
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Review the company scorecard with the necessary stakeholders.
Bimonthly:​
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Cash flow review – more often if necessary.
Monthly:​
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Review of the month end close including timeliness of results, balance sheet account reconciliations, consistency of GL account coding and month end cutoff.
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Comparison of results to prior forecast, budget, and prior year.
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Development of a new forecast with the management team based on current trends and information.
Annual:​
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Guide the company through the annual budgeting process.
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Develop growth objectives and initiatives for the coming year.
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Review/Preview meeting of the expected results of the current year and the budget for the coming year.
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Special Projects:
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Special Projects, such as software integration, accounting software set up or migration, creating proformas and financial preparations for commercial financing are billed at a straight hourly rate.
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