Finance and Accounting
Why you should sweat the "small stuff"
For small businesses in the height of growth and change, bookkeeping can get pushed to the wayside as something that can always be handled later. However, the result is an onslaught of important decisions founded on gut instinct rather than rooted in firm data because...who has the time? It can also lead to a burnout-inducing scramble at the end of the year to retrace steps and organize pertinent information needed by deadlines, and for planning and projecting for the coming year. Even larger companies can get tied up in a similar predicament, having pushed essential (but not urgent) tasks to lower on the punch list due to staffing or time constraints. In both scenarios, the business may not be in a place to solve this problem by adding to its in-house workforce solely to handle the background tasks. Or, there may just be a single project that, once completed, will level everything up.
We focus on the minutiae so you can focus on growth
That's where we come in: to step up for organizations when they do not have the skillset or resources to tackle specialized accounting and finance issues. With our dedicated and precise attention to the finite details of everything "behind the scenes," we consolidate all pertinent information and produce a comprehensive, easy-to-navigate format for using it for pushing business forward.
Proven success and quick turnaround
We have numerous case studies demonstrating our process and capabilities to help a business determine how best we can assist. In one scenario, a newly acquired software and consulting company had been encountering critical issues with consolidation, foreign currency, stock compensation, revenue recognition, financial reporting, and financial analysis that required the expertise of immediate-impact consultants. Working with management and reporting to the CFO, the Lake Michigan Partners team immediately ameliorated the most complex challenges, creating for the company an entirely new revenue recognition approach to ensure compliance with software revenue accounting standards. In another scenario, we provided a venture capital-funded company with services ranging from bookkeeping to fractional CFO services, succeeding at cleaning up their books, preparing financials, implementing an inventory system, and wrapping up budgeting and board reporting. We then guided this client through their first financial statement audit, ensuring a line of credit was extended. In both cases, our deliverables were successfully transitioned to each team's management without the need for adding people or resources.
We've got you covered
If your team has accounting it just can't get around to, or are in need of additional support, let our tenured experts provide the clean, current and intuitive bookkeeping and financials that are vital to helping you manage your business. Or, if your business is thriving effectively but perhaps current processes feel clunky, paper-heavy or time-consuming, let us step in to counsel your team with tangible goals, easily digestible recommendations, and even software- and process-improvement solutions to keep your business up to speed with the latest and best solutions available.