Finance & Accounting Services

The primary focus for many business owners is the product or service that they are providing and ensuring its success. While owners may have an understanding of the basic financial aspects of business, it is not easy to focus on those minute details while running the operations. With a licensed CPA, EFAS has the in-depth knowledge of the financial requirements that exist, the expertise to fulfill them, and the ability to assist business owners in getting this element of their business running properly and efficiently.

Early in a business’ life cycle, the financial focus is typically to ensure the basic activities such as billing and collections, invoice entry and bill payments are completed. However, there is also a need to have financial statements and an understanding of the business’ performance. EFAS is able to step in to assist with the preparing and analyzing of financial statements and ensuring the compliance to GAAP reporting. In addition, EFAS can provide training to team members to assist in their professional development related to business finances.

Particularly while in a growth mode, businesses may find that they do not have the financial capacity to bring on a full-time bookkeeper, accounting manager or controller as an additional resource. This can lead to mistakes, omissions, increased stress and long hours. EFAS is available on a part-time and as needed basis, on-site or remotely, to serve as an immediate solution until the business is ready for that next dedicated resource internally.

Limited personnel is another characteristic of small and new businesses. While working hard for the organization, these employees will inevitably need time off during the year. EFAS can step in for short term assignments to keep the financial processes moving during the employees’ well-deserved absence. 

Employees often wear many hats in small businesses. In addition to finance and accounting knowledge, EFAS can provide assistance with a number of other business tasks including systems implementations, human resource functions as well as general administrative assistance.