Business Advisory and Consulting Services

Monthly review and financial analysis

Gauvreau & Associates offers the opportunity to meet on a monthly or quarterly basis to review the financial performance of the business and to make logical sense out of internally generated financial reports. These meetings allow for stronger financial understanding of historical results and identify what needs to change in the business going forward to produce better financial results.

Profitability analysis

Upon request, the team members of Gauvreau & Associates are able to review periodic financial results and identify trends in profitability within the business, and/or compare the profitability of the business to similar competitors in the market. By reviewing the current and historical financial profitability of the business, the business can be strategically adjusted to ensure the full potential of the businesses profitability is realized into the future.

Investment assessments

There are many complexities that are involved with investments. Although the return on investment is a valuable tool to see how the investment has grown with comparison to the market, other important considerations such as the type of income that is being generated (ex. Interest income, dividend income, capital gains income or refundable of capital) and the tax implications of each are important.

Bank financing and sourcing of funds

When a business is getting started or when an existing business is looking to expand, one of the major constraints to such opportunity is sourcing funds to facilitate such plans. At Gauvreau & Associates we work with our clients to provide the necessary reporting and documentation required to obtain financing from a number of sources. Whether it is working with primary bank lenders or other private lenders, we provide the support to facilitate the sourcing of necessary funds.

Corporate and personal budget preparation

A budget is a finance plan that projects future income and expenses and determines what available cash flow is remaining to repay debt obligations and/or generate future savings. By having a budget created, a business or individual can use these numbers as a benchmark to compare to actual results. By having this benchmark to compare to, a business or individual can ensure that the financial results are keeping pace with expectations, and if there are any variances, these can be reviewed and efforts redirected as determined necessary. At Gauvreau & Associates we work with our clients to create budgets and projections to ensure our clients have a good understanding of the financial results that are expected, and also assist them with comparing actual results to these benchmarks to ensure they are on track to realizing their desired outcomes.

Succession planning

Succession planning is the process of identifying and developing potential successors for key positions in a business through ongoing evaluation and training. Whether it is determining a succession of future family members, whether it is making the business ready and available for sale to a third party, or whether it is ensuring that a business is appropriately structured for an internal employee to carry on the business, succession planning requires significant expertise and advanced planning. At Gauvreau & Associates we work closely with our clients to advise them of available options and the process necessary to ensure that any succession takes place in an efficient and effective manner.

Controllership and chief financial officer functions

Most small businesses can see the benefit of having a professional accountant on the payroll, however, do not have the volume of work or cash flow available to do so. At Gauvreau & Associates we offer a contract chief financial officer and/or controller service which allows the business owner to take advantage of practical financial advice on an as-needed basis, and to have the on-demand strategic insights that a chief financial officer or controller can provide. In addition, our accounting experts can assist with temporary leaves for regular accounting or bookkeeping staff, can attend to one time financial projects, or can facilitate the outsourcing of a business’s accounting and bookkeeping function to our office.

Cash flow projections

Cash flow projections are a key aspect of the financial management of a business, planning its future cash requirements to avoid a crisis of liquidity.

Cash flow projections are important because if a business runs out of cash and is not able to obtain new financing, it will become insolvent. Cash flow is the life-blood of all businesses—particularly start-ups and small enterprises. As a result, it is essential that management forecast (project) what is going to happen to cash flow to make sure the business has enough to survive. How often management should forecast cash flow is dependent on the financial security of the business. If the business is struggling, or is keeping a watchful eye on its finances, the business owner should be forecasting and revising his or her cash flow on a daily basis. However, if the finances of the business are more stable and ‘safe’, then forecasting and revising cash flow weekly or monthly is enough.

Here are the key reasons why a cash flow forecast is so important:

  • Identify potential shortfalls in cash balances in advance—think of the cash flow forecast as an early warning system.
  • Make sure that the business can afford to pay suppliers and employees. Suppliers who don’t get paid will soon stop supplying the business; it is even worse if employees are not paid on time.
  • Spot problems with customer payment. Preparing the forecast encourages the business to look at how quickly customers are paying their debts.
  • As an important discipline of financial planning, the cash flow forecast is an important management process, similar to preparing business budgets.
  • External stakeholders such as banks may require a regular forecast. Certainly, if the business has a bank loan, the bank will want to look at the cash flow forecast at regular intervals.