Accountant
Business Accounting Bookkeeping is a critical area that can add significant value to the success of a business. Large and medium sized businesses have full-fledged Accounting and Finance organizations. These departments ensure that the fiscal operations are optimally managed, all laws are complied with, profitable decisions are made and investors have access to financial information. At Oxford Management, we serve businesses in many verticals and have found that our structured approach helps them save both time and cost. Additionally, we identify revenue increasing and cost reduction opportunities that help the bottom line of the business. Cash management Cash is a precious commodity for every small business. The key elements that drain cash are: Inventory Loans payable Payroll Vendor payments Taxes Rent Professional fees Transaction costs Some of these payments have flexibility while others don’t. An efficient bookkeeper will identify areas of opportunity in payment terms. Leading bookkeepers have relationships with vendors that help them negotiate good terms for their clients. Oxford Management has helped many clients develop better payment terms. They have also helped develop fall backs for times of lean cash flow. Accounts payable and the cyclical business Many businesses have a significant amount of cyclicality. As an example, most retail businesses see a hockey stick increase in sales in the fourth quarter. This cyclicality puts special stress on the finances of the business. Most businesses can get good terms if they pay promptly. However, the purchases can be significant at the end of year. This requires special planning for accounts payable. Oxford Management does a diagnostic that helps businesses forecast their cash needs during the cyclical portion of the year. This has helped businesses develop good credit ratings and meet their expenses comfortably. To know more about it please visit http://www.omgstrategy.com
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