Finance & Accounting
TJ Franz & Associates' mission is to help small and medium size businesses improve profitability and cash flow by providing expertise in financial, risk management, and operational matters. Our Associates, all independent professionals, have real-world experience in their respective fields. Our services include:
Contract CFO
Most small businesses can’t afford a full-time Chief Financial Officer, but still need the skills a CFO provides. Whether you choose a monthly or quarterly basis, you can access these valuable skills at an affordable cost. As an ongoing Contract CFO, our understanding of your business allows us to offer advice to increases your long term profitability.
Improving the Accounting Function
As a business grows or changes, management needs for financial information increases dramatically. At the same time, the Accounting Department is straining to keep up with greater activity. We can review your Accounting Department activities to ensure that transactions are being processed accurately and efficiently and improve management reporting. Often, a “fresh look” at the Accounting operations can yield greater efficiencies, more timely reporting, and help make the Accounting Department an integral part of the Company’s growth.
Turnaround Strategies
When a company experiences financial turbulence, an independent analysis can help provide the insight needed to turn the company’s finances around. This can involve operational reviews, business strategy reviews, cost analysis and reduction, effectiveness review of employees, cash flow analysis and budgeting, and working with vendors, lenders, and customers. Often, key creditors are more willing to work with a troubled company who has hired an experienced, independent advisor.
Internal Audits
Internal controls are essential to help prevent/detect theft, fraud, or abuse of your hard earned assets. An internal audit provides an “outside” look at whether your company has adequate controls to ensure that assets are safeguarded. We can verify if existing controls are being followed and, if necessary, help plan and implement a program of internal controls.
Operational Audits
An operational audit looks at practices and procedures, both financial and operational, providing an objective evaluation of the company’s strengths and weaknesses. We look for inefficiency which wastes employee time and company money. Our recommendations help your business use resources effectively and increase profitability.
Business Checkup
Just as it’s wise to have a regular physical evaluation with your doctor, it pays for your company to have a periodic “business checkup”. We can review cash flow, loan terms, insurance coverage, employee benefits and incentive plans, use of technology, and industry comparisons. Let us stay on top the changes occurring in those areas which can have a significant effect on your profitability while you focus on your business.
Our mission is to help companies achieve their goals through better understanding of the financial implications of business decisions and operations.
Contract Chief Financial Officer (CFO), Receivership, Cash Planning
