Accountatax Inc., your number one business accountant Montreal provides bookkeeping services, tax planning and More!
Contract the services of our business accountants for expert financial management of your enterprise!
ACCOUNTATAX INC. assists clients in obtaining financing for growth purposes or for the acquisition of capital assets. We offer a winning combination to unlock the secret to a better banking relationship.
Forecasting Cash flow
Cash flow consists of funds pumping through your business.
Prepare and present a full-year budget, monthly updates and forecasts
The annual budget forecasts your revenues and expenses and provides information to bankers about your company’s borrowing power. The budget is also a management tool to help you foresee opportunities, potential problems and areas of focus.
To gain your bank’s long-term confidence, present your budget once it is developed. Even the best laid plan does not always entirely comes into effect; your banker will appreciate updates
Share financial information and get input from staff for annual budget preparation
To improve overall performance, staff should be involved in budget development. Rigorous bookkeeping and accounting procedures, as well as staff consultation, allow for the regular and accurate update of financial data. Accounting expertise, staff dedication and involvement are the best management tools for monitoring operations.
Negotiate with suppliers and customers
To build long-term success in your business and strong banking relationship, your banker should receive DSO (days sales outstanding) and DPO (days payable outstanding) on a monthly basis and a Full-Year budget with cash flow projections and tax planning strategy. In addition keep, your bank informed of your averaged collection period (ACP) and average payment period.