This will create a permanent electronic location for all Company Files:

Permanent Files: Organization Documents, Leases, Insurance Policies, Tax Returns, Etc., as well as all Recurring Files:  Month End Accounting Files, bank statements, payroll records, invoices, etc. 

This "Data Room" is owned by the Business Owner/CEO and is ready ANY TIME and ALL THE TIME

With one click, the Business Owner can share as much or as little of this Data Room with Investors, Board, Lenders, Bankers, Auditors, Accountants, Tax Preparers, Insurance Providers & Other advisors

Having this in place means the company is always ready to obtain loans, or raise capital, do an exit or merger, do tax planning, easily manage an audit (IRS or GAAP audit), or file tax and other reports

This Proprietary System is not available to other accountants outside our program.

This Monthly file becomes a permanent audit trail (like a "trail of crumbs") that goes from: Transaction to Source Document to General Ledger to Trial Balance to Financial Statements to "Value-Add" Reports "Permanent Tickmarks" are used so any future auditor, investor, lender, buyer, can trace forward or backwards any transaction from start to finish.   

The completed monthly file becomes a part of the Perpetual Data Room so its available today or 5 years from now.

Psalmtree Consulting will also use this file to find & fix accounting errors, add Adjusting Journal Entries and accruals, and document any unusual items in that month, as well as provide a permanent audit log.

Having this system in place adds immense value to the CEO/Owner:

• it ensures errors are found and fixed,

• it reduces chances of fraud/theft,

• it allows for better management of the Company by having timely, accurate reports,

• it allows for easier access to capital (debt and equity),

• it will create higher value exits,

• provides for easier tax planning

• and higher cash flow to the Owner. 

• Additionally, it provides Peace of Mind for the Owner that the books are accurate

This will be the company accounting "SOPs" and having this in place will reduce theft and fraud, will provide more efficient operations (meaning less waste in payroll), and easier day-to-day accounting.

More than just a Balance Sheet and a P&L, a Psalmtree Consulting will produce month-end reports that include Financial Statements, a 6-month Cash Rolling Forecast, Budget Vs Actual Reports, and KPIs.

This might save the CEO/Owner $50-$100k a year

Psalmtree Consulting has access to a nationwide network of, more than 100 CFOs and CPAs all over the US. If a CEO/Owner has a question, its likely we can get an answer quickly.

The Cost of Low Price Bookkeeping Service Things are cheaper on the front end, but the entity value is lower, the Business Owner is less effective at managing the Company , and overall COST is very high.

Our Competition doesn't have these tools, systems, or team, and they do data entry with almost no value added to the Business Owner.

The Value of Our World Class Accounting is not a COST, but an INVESTMENT that adds value in excess of what is paid.  It's more expensive each month, but it will pay for itself and then some, with higher company valuations, easier access to capital, audit-proof books, lower taxes, improved cash flow, and reduced stress

The opportunity is avoiding the losses of not putting this system in place.

This World-Class system will protect your assets from

• losses in audits.

• IRS audits,

• lawsuits from investors and/or lenders,

• state agencies or other regulatory bodies.

The cost of compliance is worth every penny.

This also goes for HR and payroll. The Accounting Policies and Controls prevent losses as well.

You also maximize cash by

• minimizing taxes through tax planning,

• using tools to maximize ROI on your marketing,

• using cash forecasting tools,

• having useful analytics,

• dashboards,

• and budgeting tools.

Tools like the Perpetual Data Room, the month end documentation, etc., will minimize the cost of audits.

You will start benefiting from the first month and every month.

Then annually from tax planning and the improved decision making from accurate data.

This could improve your profits by 10%.

Then, even  if the IRS arrives 5 years from now, you will have a quick and painless audit when they can’t find anything wrong.

If you do an exit at some point, you’ll get the highest possible valuation due to your books and records, and your compliance is in 100% order.