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Helping You Build and Maintain Financial Control

952-808-8798  |  Haugen Binion & Company CPA's

Compilation Services

From time to time, as your business grows, your lenders may require a more formal overview of your company financial information. Although there are several forms of providing assurance or opinions of a company's financial position, such as a Review or Audit, Insight Companies has chosen to provide only compilation services. A Compilation does NOT provide any level of assurance or opinion on your company financial statements. Rather it is designed to be a representation of management. We will attempt to find any obvious material misstatements in order to formulate the necessary information in providing a standard financial statement form.

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Controller/CFO Services

 

You have a great in-house accountant or bookkeeper. They are doing a great job at providing financial reporting, keeping up with receivables and payables, and occasionally meeting with your bank at credit line renewal time. But it seems that too often, we miss our budgeted sales targets, while our expected expenses are higher. Why can't we come closer to our plan?

This is not uncommon. Too often, you and your accountant are too close to daily business operation to see some of the changes that a Controller or CFO can observe, especially if you are experiencing growth. Here is an abbreviated list of what our contract Controllers or CFOs can provide to your emerging company:

  • Give you a perspective from outside your company
  • Knowing that a finance professional is on looking out for your best interest
  • Become a sounding board for important business decisions
  • Offer “frank” advice on planned decisions and business operations
  • Be a resource for your current accounting staff and management
  • Lead analysis of major asset purchases and potential business expansion efforts
  • Suggest proper internal controls to help you streamline your company's processes
  • Review and analyze your current financial practices
  • Help establish credit, collection, and receivables management policies
  • Negotiate with 3rd parties – bank, vendors, partners, and taxing authorities
  • Help assess liability and promote proactive risk management
  • And much more…..

 

The value provided by having an outside, independent, financial professional on our side will only help you reach your business goals and aspirations. Why not contact us today to set up a time to review how we can help.

Outsourced Accounting Department

There are a growing number of business owners that are just too busy or are tired of paying for a staff of bookkeepers or accountants. We have the solution for you - Insight Companies outsourced accounting department! If you are tired of handling all of the headaches of managing your accounting function, let us provide you with an invaluable resource.

Instead of having to have additional offices, computer set-up, IT support, accounting oversight, etc., let us become our partner in helping your company manage financial information. To determine how much you spend on your bookkeeping function, consider the following questions:

  • How much time do you spend doing the bookkeeping?
  • How much time do you spend with your bookkeeper?
  • How much resources are dedicated to supporting your accounting function - software updates, licenses, equipment, training, etc.?
  • Even with dedicating all of these resources, do you have at a touch of a button, accurate and timely financial information?

You may be surprised at how much you are paying just for your bookkeeping function - to find out, click on our In-House Bookkeeper Cost Calculator! Talk to one of our representatives, we may not only be able to reduce your accounting costs significantly, but more importantly, free up time for you to grow your business.

Convinced - then let's get started. Click here to take the next step!

Statement Preparation

Financial statement preparation is a key to making well-informed business decisions. These statements provide either a running "picture" or a "snapshot" of your business. There are numerous benefits of having financial statements on time, when you need them. It could be to make decisions just prior to securing new financing, buying a new product line, or to just manage the cash flow. Far too many instances you don't know where your company's actual financial position. Insight Companies can help!

We will put together the proper statement package that your business needs to manage the company operations. Statements include, the P&L or Income Statement - or simply how you are doing, Balance Sheet is a point in time of your financial position, and probably most important is the Statement of Cash Flows - are you generating enough free cash to fund operations. Without these sources of information, your business will be adrift, with little financial direction.

For more information on how to get started, click here.

 
   
Haugen Binion & Co. CPAs • 11995 County Road 11 • Suite 230 • Burnsville, MN, 55337 • Phone: (952) 808-8798 • Fax: (952) 808-2982
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