Here, you’ll discover a comprehensive showcase of the tangible results we deliver to our valued clients, the EFM Deliverables. From innovative product developments to meticulously crafted strategies, our team leaves no stone unturned in ensuring that our deliverables not only meet expectations but exceed them. Dive into this dynamic collection of achievements and witness firsthand how our dedication, expertise, and relentless pursuit of perfection translate into real-world outcomes that drive businesses forward. At EFM Consulting, we believe in delivering nothing short of greatness, and this page serves as a testament to the transformative power of our solutions.

EFM Deliverables

For Start-up businesses

Set up accounting processes and procedures

Create and customize a Chart of Accounts to closely fit the new business entity

Create financial statements such as Balance Sheets and Income Statements

Create the process and procedure of pulling together the General Ledger from which to draw the financial statements

Provide on-site financial analysis of financial statements and market opportunities

Set up procedure for recording accounting transactions

Write Desktop Operating Procedures for accounting process personnel

AR – train how to record and match cash receipts

AP – train how to match, pay and archive invoices; train how to manage check-writing

Credit – establish appropriate selection criteria for issuing credit

Collections – set up procedure to collect from customers including how to handle complaints and refusals to pay

Payroll – set up procedure to deal with forms 940 & 941 and other tax forms

Set up payroll timekeeping forms and how to match to shop floor labor

Develop/execute a long-term financial plan, including pro forma financial statements

Insurance – set up and create a maintenance plan for Worker’s Compensation, Property and Casualty coverage and Business Liability insurance

Set up simple bookkeeping using either QuickBooks or PeachTree accounting software, whichever is most appropriate

For On-going concerns

Perform financial or operational tasks as needed to solve immediate problems while creating and implementing long-term solutions

Reconstruct financial statements from canceled checks and bank statements

Handle banking relations; negotiate credit line with financial institution

Design a systematic way to deal with unsorted accounting transactions

Improve cash flow by contacting vendors and arranging an adequate repayment plan

Analyze selling transactions to determine actual realized margin for each product line

Create a customized inventory management system

Perform financial analysis on pricing and costing issues

Build financial pricing model

Create reasonable specifications for shop floor reporting software

Train production operators how to report shop floor activity

Link job estimates to actual job production performance

Establish workable PO system that fits the business entity

Write Policy & Procedure manual

Teach accounting personnel how to use accounting software

Train accounting personnel how to follow accounting and control procedures