ACCOUNTING  
     
     
  Full Charge Bookkeeping Services  
     
     
  Accounts Payable  
     
     
  Sales and Deposit Verification/Reconciliation  
     
     
  Internal Controls  
     
     
  Financial Reporting  
     
     
  eFinancial Portal  
     
     
  Budgets, Business Plans & Projections Planning  
     
     
  Business valuations  
     
     
     
     
     
     
     
 
Full Charge Bookkeeping Services 
FM Management Services, Ltd. provides a team of professionals that have expert knowledge of the accounting cycles and requirements for small to medium businesses.  We are committed to providing the highest level of accounting service and expertise, producing superior results for our clients.  Using a team approach makes it possible for us to provide the timely, accurate and comprehensive financial information that your business depends on.

We offer the following full charge accounting services:

  1. Payroll
  2. Accounts payable
  3. Accounts receivable
  4. Financial reporting
  5. Inventory

Our staff will provide supervision of the accounting system and data entry, ensuring the integrity and accuracy of your accounting system.  On a monthly basis, we will review your balance sheet, profit and loss statements, cash flow analysis, outstanding payables and aging receivables and help identify specific areas that need attention.
 Accounts Payable   
FM Management Services Ltd. processes the payment of all vendor invoices according to vendor terms and an approval process determined by the client. Key reports such as a check register are available online, as are scanned images of every invoice.
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  Sales and Deposit Verification/Reconciliation                   Top
  To help operators control cash, FM Management Services Ltd. reconciles cash deposits to sales on a weekly basis, comparing polled information to that electronically supplied by the client's bank. All bank accounts are reconciled in detail on a monthly basis. Our customized software enables increased accuracy. As a result we increase the ability to identify theft through daily sales and deposit verification.  
  Internal Controls                                                               Top
  Internal control is a major part of managing on organization, serving as the first line of defense in safeguarding assets as well as preventing and detecting errors and fraud.  Internal control should be designed to provide reasonable assurance regarding prevention of or prompt detection of unauthorized acquisition, use, or disposition of an organization's assets.  These days, business owners are continually seeking to improve accountability.  From improving operational processes to implementing new technology, appropriate internal control is a key factor in minimizing problems and managing change.

Fortunately with FM Management Services, Ltd., developing an internal control program for the accounting system doesn't have to be a challenge.  Our experience and background will quickly identify key areas in which controls are needed, and help implement them.  Our accounting system already comes with many controls in place to ease the transfer of your accounting processes to FM Management Services, Ltd..

Controls implemented by your CPA/Controller include:

  • Data quality assurance and control
  • Reliable financial reporting
  • Compliance review
  • Audit readiness
  • Internal processes in compliance with the Law.
    
  Financial Reporting                                                      Top
 

The purpose of the accounting system is to communicate specific information about the company.
One of the cornerstones of our company is that we provide the analysis of a controller or certified public accountant (CPA) in addition to doing your everyday bookkeeping. Through accurate reporting and detailed analysis of the results, your company can quickly identify specific areas that need adjusting in order to improve profitability.

Even if you currently have a bookkeeper that performs the full charge bookkeeping transactions, are you getting financial reports on a timely basis? If so, then you already know the answers to the following questions. If not, then you may not be getting usable financial information about your company. In order to identify the reports that will answer the following questions:

  1. What is the overall profitability of your business?
  2. What is the profitability of each segment of your business?
  3. How well is your business doing compared to last year?
  4. How does your balance sheet look?
  5. What about your cash flow picture?
  6. Which invoices are open?
  7. Who are your customers?
  8. Which vendors do you owe money to?
  9. Which vendors have you made purchases from?

Every business owner needs to know the answers to these questions. With a well managed accounting system, your information is readily available.

 
  eFinancial Portal                                Top
 

Financial Reports Online

Our secure (EFP) eFinancial Portal gives you access to the vital information you need to stay connected to your business online 24x7. The website is secure, utilizing firewall architecture, user id and password protection. The EFP system is constantly evaluated in order to bring you the most useful, user friendly experience possible.		  
  Easy to use with Internet access  
  Reports are printable and many are downloadable to excel spreadsheets
Reports can be emailed on a scheduled basis, avoiding a visit to the site
No hardware or software to install
  
  Budgets, Business Plans & Projections Planning                                Top
  Writing a well-thought-out and organized business plan dramatically increases your odds of succeeding as an entrepreneur. We can aid you in this all important process and will prepare your financial projections. Without a business plan, you leave far too many things to chance.  
  Business valuations                                                            Top
  Determine the true value of your company. Uncover areas that could drastically improve its marketability and the ability of obtaining expansion funds. If you are considering divesting your company now or are planning an exit strategy in the next few years, now is the time to evaluate your options. Our staff uses all standard valuation methods and can assist both the buyer and seller in transferring a business. In buying and selling a business, questions can arise ranging from pricing strategy, due diligence procedures and transaction structuring. This allows for presenting your company in its most favorable light.  
     

 

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