“Removing Roadblocks on Your Path to Success”


This month: Strategies to End the Year

It’s that time of year again! It’s time to review how you did relative to your financial objectives you set at the beginning of the year. Take a hard look at how your company performed in 2011 so you can plan accordingly for a more successful year in 2012. And don’t forget, there are a few areas to review before the end of the year that may help you end on a high now.


Take a close look at the books, review your accounts, make sure that your P&L line items are correctly reflecting accurate revenue sources and that all expenses are allocated properly. This is also the appropriate time to look at your overall financial strategy for the last year and upcoming year. There are certain tax deductions you may want to take advantage of or capital purchases to consider before December 31. Changing tax laws could affect you, so plan to have a conversation with your tax consultant now.

Also, when planning for the next year, not only would you benefit from creating a master budget that helps you track business performance, but you must establish your goals and objectives in order to plan accordingly for the coming year. One of the most critical reports to prepare is the key performance indicators (KPI’s) – it’s your dashboard of metrics that measure your success. One of our clients recently implemented a KPI report at their company and not only did they solve their cash flow problems, but the quadrupled their revenue.

TJ Van Voorhees, Franka Winchester and the whole PCG Team wish you a joyous holiday season and a prosperous New Year!

Strategies for Budgeting Success
The annual budget is your financial plan to build your company, with estimates of revenues and expenditures. When creating your budget, you want to use past financial information to project into the future, modifying the figures in order to set your course for the coming year. You also need the financial intelligence to allow you to change course during the year. The first step is to gather your P&L information and organize it. Read more.

The Time of Reckoning – Closing the Books for 2011
The end of the calendar year is also the end of the fiscal year for most businesses. This means it’s time to close the books as your business is ending its official accounting period and the next year starts with a clean slate. Once the books are “closed” there should be no more changes to the financial documents for the closed period. So accuracy is critical. The closed books are the “gospel” of what has happened in the financials for your company. Read more.

Time for your End of Year Wrap-up: 6 Things to Consider Before 2012
There are a number of other considerations you may need to investigate before you close the door on the business year and start (begin) planning for 2012. In addition to checking the data accuracy and doing a year end review, you should think and decide about a plan for the up-coming year. Be sure your tax objective is aligned with your business goals. For example, you would make different decisions if you were looking to raise funding or trying to sell your company versus trying to keep profits low to save on taxes. Read more.

Blue Frog Quadruples Profits by Tracking Key Performance Indicators
Blue Frog is a $5 million contract screen printing and embroidery company that creates specialty clothing and goods for customers. As the company continued to grow, its cash flow problems continued to be a problem. The company consistently had trouble generating enough cash on a regular basis to meet payroll and other expenses. With the help of Pacific Crest Group’s CFO-for-hire services, Blue Frog was able to quadruple its profits and solve its cash flow problems. By honing in on those Key Performance Indicators (KPIs) that affect the company’s bottom line, Pacific Crest Group was able to create a KPI report that Mike Givvin could use to manage his day-to-day operations and be aware and ready to act at any time. Read more.

Note that Pacific Crest Group offers employee development, human resources, recruiting services, accounting and IT services.


January 2011 Newsletter

February 2011 Newsletter

March 2011 Newsletter

April 2011 Newsletter

May 2011 Newsletter

June 2011 Newsletter

July 2011 Newsletter

August 2011 Newsletter

September 2011 Newsletter

October 2011 Newsletter

November 2011 Newsletter

This newsletter is intended to provide generalized information that is appropriate in certain situations. It is not intended or written to be used, and it cannot be used by the recipient, for the purpose of avoiding federal tax penalties that may be imposed on any taxpayer. The contents of this newsletter should not be acted upon without specific professional guidance. Please call us if you have questions.

Copyright 2011, Pacific Crest Group, All rights reserved.

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