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Delano Sherley & Associates, Inc. specializes in business consulting and financial management for not-for-profits, including churches, and closely held businesses.
Many small companies do not need a full-time CFO/Controller. We act as your CFO (chief financial officer), controller, or business advisor on an as needed business, saving you the expense of hiring a full-time staff person. We approach our role in a hands-on manner, working with you and your management team on a project or on-going basis. With our practical experience in both public accounting and across many industries, we understand what your needs are and we can help you better run your company.
We are experienced in financial reporting, profit analysis, expense reduction, cash flow management, bank and other financing, turnarounds and debt restructuring. This allows you to focus more on your strengths and allows you to work on growing your company, while we take care of the accounting function.
For churches, we provide the same level of service, tailored to their needs. Proper record keeping, reporting and internal controls are a necessity for churches, and we help set up the proper systems to accomplish these goals. We can also help structure ministers pay to take advantage of the tax breaks available to them. Both Delano and Nathan have served on church
boards and as church financial secretaries. We are experienced not only in church accounting, but also in the unique aspect of ministry as it relates to church management.
Our Business Consulting and Financial Management Services include:
- CFO and Controller functions:
- Prepare, review and analyze financial statements (on a monthly, quarterly or annual basis).
- Create a working business plan.
- Assess strategic operating plans.
- Create budgets and financial forecasts.
- Cash flow forecasting and management.
- Track ratios and critical success factors for company or departments.
- Develop credit policies and procedures.
- Inventory and cost control.
- Interface with auditor, tax preparer, banker, and bonding agents.
- Review and/or develop internal controls.
- Recruit, interview and assist with hiring of financial personnel.
- Manage, train and mentor accounting staff.
- Develop compensation and incentive plans.
- Select and implement financial software (IE: QuickBooks, MAS 90).
- Negotiate annual renewals for medical, dental, disability and life insurance coverage.
- Financing:
- Establish and maintain bank credit lines/other financing.
- Facilitate raising capital or debt through investors.
- Analyze acquisitions, mergers and reorganizations.
- Crisis Management:
- Provide hands-on assistance in turning around and restructuring the company.
- Provide viability assessments of turnaround plans.
- Negotiate deferred payments with vendors and creditors.
- Debt restructuring.
- Bookkeeping:
- Data entry.
- Payroll processing, including filing of local, state and federal tax returns.
We want to provide the guidance and direction your business needs. Call us today to arrange an appointment. Together we can determine what your needs are and develop a plan for maximizing your company's value and profitability.
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