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CNR Consulting’s

Virtual CFO/Premium Services

Controllership / Audit Prep

  • CNR Consulting LLC offers virtual CFO Services to established retainer clients. These services are priced according to each individual client’s actual needs and are not billed as a lump sum or added to existing retainers for bookkeeping services. Our clients will receive these services based on what is most applicable to them as owners, and their businesses – so that they are never paying for more than what they require to successfully operate their businesses.
  • Controllership (Virtual CFO) services may include, (but are not limited to), the following:
    • Educating business owners on the differences between operating on a cash basis or an accrual basis, and the benefits and drawbacks of both.
    • Providing as well as educating business owners on financial reporting built specifically for their business.
    • Strategic financial decisions for profitability.
    • KPI (Key Performance Indicators) and benchmark reporting objective metrics.
    • Managing a budget and forecasting.
    • Cash Flows, and Cash Flow forecasting.
    • Evaluating business risks and opportunities.
    • Tax and other strategies that pertain to business assets, liabilities, and depreciation methods.
  • Audit Preparation: Noone enjoys being audited by the IRS or the state that they operate in. Receiving notice that your business is being audited can produce anxiety in anyone, even the Dalai Lama. Rest assured that our bookkeepers at CNR Consulting are the most proficient at being the stewards of your records and can quickly provide all documents required to satisfy any federal or state audits. (Applies to existing retainer clients only).
  • For clients that are new to CNR Consulting and receive an audit notification, our bookkeepers will work with you to gather everything needed that we do not currently possess to assist in satisfying the audit requests.

Data Sciences / Analytics

Data Sciences: CNR Consulting LLC provides Data Sciences to all retainer clients where applicable and available. This includes designing imports/exports that sync with your existing technology to form the most strategic interoperability between different accounting technologies – including bookkeeping software, POS systems, task management systems, expense tracking systems, and other miscellaneous systems like membership databases. By connecting these systems through data sciences, we at CNR Consulting can reduce workload and time spent manually recording information, which helps us keep retainer fees very low, and allows us to offer premium accounting and bookkeeping services at a very low cost to small business owners.

We work smarter, not harder.

CNR Consulting LLC will organize your books and chart of accounts in the most financially strategic way possible to properly assess the viability, functions, and position of your business in real time. Robust financial analytics help business owners gain the most insight into the financial results of their daily operations, which is utilized to aid in decision making to improve their business’s performance. Analytics can also help with investing activities, strategic goal setting, or trimming away unnecessary cash draining activities. The analytics and reporting that CNR Consulting LLC can provide include (but are not necessarily limited to) the following:
  • Horizontal Analysis Also known as a trend analysis, is a reporting technique that compares financial information from different accounting periods to isolate and identify trends or changes in the business operations.
  • Vertical Analysis Is a financial reporting tool that lists each line item on a financial statement as a percentage of another item or of a base figure and shows the relative size of each account compared to a total.
  • Trend Analysis Also known as a time series analysis, this is a method for evaluating financial information over longer periods of time to isolate and identify trends and gain detailed insights into the overall financial health of a business. It compares all available historical data to measure changes on the income statement and balance sheet at both overarching and granular levels.
  • Liquidity Analysis Is a reporting process that measures a business’s ability to pay off its short-term debts and other current obligations. Utilizing the business’s cash flow statements and balance sheet, the liquidity analysis helps determine how easily (or readily) a business can resolve its debts with its current cash (liquid) assets.
  • Solvency Analysis Necessary to work with business lenders, a solvency analysis or solvency ration is a systematic analysis of a business’s financial health, most especially its ability to fulfill long-term financial debts and obligations. It is on the most comprehensive analyses utilizing all business financial reporting available to determine financial stability, a business’s ability to properly manage debt, to endure dips in business performance or poor economic conditions and sustain positive cash flow and profitability long-term.
  • Profitability Analysis Is a reporting method that helps business owners gain insight into their business’s ability to generate income beyond its net profit; and can include profitability ratios such as net profit margin, gross profit margin, operating profit margin, (ROA) or return on assets, and (ROE) or return on equity.
  • Scenario & Sensitivity Analysis Less common, S&S analyses are reporting methods that evaluate how changes in specific metrics and variables could impact business financial goals.
  • Variance Analysis is a reporting method that assesses and compares actual operational performance results to planned or projected performance and is part of the FP&A (financial planning and analysis) and budget vs actuals financial reporting group.
  • EBITDA or earnings before interest, taxes, depreciation, and amortization is a measure of profitability to net income and represents the cash profits generated by the company’s operations at a more granular level.