Business Consulting Services
Our advisors are eager to start working with you
Business Consultants
Nadine Dyck CPA, CA, CVA, CBV
PARTNER, BUSINESS CONSULTANT
Chelsey Stock CPA, CA
PARTNER, BUSINESS CONSULTANT
Business Consulting Services
Business Valuations
Knowing the value of a business has significant benefits in the finance, insurance, succession and income tax areas as well as in buy/sell transactions. Our Valuation team has the professional expertise to advise you regarding the value of your business whether you need an objective third-party value calculation or need support at the negotation table.
Cash Flow Analysis
Without a Cash Flow Analysis, you might be guessing. That can be a very dangerous choice given what is at stake: healthy profit, completing a project, or worse yet, a total loss.
While sales are the muscles of a business, cash flow is its life blood. Cash flowing regularly into a company is necessary to pay salaries, buy materials, and keep the lights on and the doors open. Many companies are forced to slow their growth simply because they lack the cash inflows necessary to support cost outflows.
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Business Analytics
Accounting Software Training
We recognize that providing knowledge to your organization is important. Whether it be helping with new financial software or offering training related to existing product upgrades, we provide appropriate training solutions.
We provide training in the following programs:
- Quick Books desktop & online
- Sage 50 desktop & online
- Citrix ShareFile
- Easy Pay
If you are interested in receiving training in any of the programs listed above or have questions in any other programs that you think we may be able to assist you with, please contact us today.
When we first met with Stark & Marsh, we were impressed by their recommendations and professional proposal and from there we began forming a relationship. The availability of my CA, and consistency of her team, is something we greatly value. They helped us understand that we do not need to learn everything right now. They guide us through the complicated tax systems and we know it is a process. We learn more every year.
Cash Flow Analysis
Without a Cash Flow Analysis, you might be guessing. That can be a very dangerous choice given what is at stake: healthy profit, completing a project, or worse yet, a total loss.
While sales are the muscles of a business, cash flow is its life blood. Cash flowing regularly into a company is necessary to pay salaries, buy materials, and keep the lights on and the doors open. Many companies are forced to slow their growth simply because they lack the cash inflows necessary to support cost outflows.
Speeding up the flow – converting sales into cash as soon as possible – and increasing the spread between inflows and outflows to build a cash cushion are essential to the long-term, sustained growth of every company.
- What is Cash Flow Analysis?
- Why should I complete one?
- What can cause poor Cash Flow
- How can I improve Cash Flow?
Cash flow analysis is the evaluation of cash inflows from:
- Operations: net income with non cash expenses added back
- Financing activities
- Investing Activities
- To assist in setting a budget
- To assist in the purchase of capital assets
- To make sure you can meet your debt obligations
- To be able to see where your cash flow is low and make decisions to improve it
- To assist in valuing a company; the better the cash flow the better the value
- Paying cash for capital assets
- Poor inventory turnover
- Not invoicing frequently enough
- Poor collection of accounts receivable
- Taking too high of a personal draw/wage
- Investing too much cash in investments that lack liquidity
- Having employees that are not making your business money
- Paying too much non-deductible interest and penalties to CRA or Minister of Finance due to non compliance
- Double paying accounts payable and ending up in negative balances to vendors
- Finance capital asset purchases
- Structure your expenses to match your cash inflow
- Try to boost your income – diversify your business
- Try to cut expenses
- Try to keep credit card debt to a minimum or pay off monthly as the interest can strain your cash flow
- Refinance debt – consolidate loans
- Try to set aside extra cash each month for emergencies
- Consider leasing assets rather than purchasing assets
- Up to date record keeping
- Chase those accounts receivables!
- Invoice quickly!
- Take a retainer or deposit
- Establish a good relationship with your suppliers
- Keep that inventory turning over
What are the benefits of managed payroll?
RESOURCEContact your trusted Stark & Marsh Advisor or an office close to you.This article was written by Lorry Twisdale and originally appeared on 2024-02-01 RSM Canada, and is available online at...
7 reasons to consider payroll outsourcing
RESOURCEContact your trusted Stark & Marsh Advisor or an office close to you.This article was written by Lorry Twisdale and originally appeared on 2024-01-25 RSM Canada, and is available online at...
Are You Considering Business Transition?
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