A few ways we’ve helped clients obtain greater financial certainty.
Client was facing a short-term liquidity crisis. We analyzed their financials to uncover root causes and provided an action plan to immediately correct the systemic issues and manage their way out of the liquidity crisis.
Client's books were not delivered in a timely matter by their previous bookkeeper. We implemented our proprietary paperless workflow that resulted in on-time delivery of financial statements and reduced the business owner's interaction in the accounting process by 50%.
Client's business is very cyclical, which created workforce planning problems. We developed a plan to utilize contract labor that reduces the strain on the permanent employees and substantially increased profitability
Client's workforce is compensated primarily based on commissions. We developed a solution to streamline their commission calculations model and identified calculation errors in the previous method that resulted in inconsistent payments to the workforce.
We reviewed a client's books as part of a tax planning exercise and identified that the prior tax preparer was incorrectly including accounts receivable and accounts payable. We amended the tax returns and the client received over $12k in taxes back from the IRS.
We performed an evaluation on a client's books and determined that their outsourced bookkeeper had not reconciled several accounts for over two years. We corrected the financials and determined that income was substantially overstated and that taxes were significantly overpaid to the IRS.
Client established two financial goals: increase monthly draws by 200% and overall debt by 50% over the next twelve months. We developed a financial forecast to determine how to reach these goals and implemented a set of action steps.
Client acquired a new business but was not receiving the appropriate financial data to assess the performance of the business. We mapped the acquired business's accounting and finance processes and developed a roadmap that results in substantial cost savings and the information necessary to assess the company's health.
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I have worked with Nth Degree since their inception and have been extremely satisfied with their professionalism, forthrightness and guidance throughout the years. I appreciate the fixed fee contract basis, as this is how I prefer to structure contracts in my own business. I also know that my dealings with Nth Degree require quite a deal of back and forth due to my personal lack of tax knowledge, and the fixed fee ensures that I'm paying a fair price for their service. They are a top-notch group of people that are trying to reinvent the traditional accounting model.