Ensuring that transactions are accurately recorded and classified in the accounting system is essential to sound business decision making. From reviewing the general ledger to preparing the Income Statement, Balance Sheet and Cash flow statement, Meridian is able to add value. With knowledge of various accounting and enterprise packages such as JD Edwards, Infinium, Hyperion, Quickbooks and Peachtree, Meridian is ready to assist you in preparing your financial statements.
Whether buying or selling a business, significant effort is required for data collection and fact finding. Financial due diligence requires a thorough understanding of the balance sheet, income statements and cash flows as well as product and customer profitability and accounting policies. Certain transactions and policies in and of themselves may be red flags. Meridian can add significant value by working with your team to flesh out the details to arrive at the right buy or sell decision.
As a business person, one of the first decisions you'll need to make is what type of legal entity your business is going to be. Do you want to run the business as an LLC, S-Corporation, C-Corporation, or as a Sole Proprietor. Each has advantages and disadvantages and, depending on your type of business, you could save yourself a significant amount of money by choosing the right one for your needs. Meridian can help you arrive at the right decision for your unique circumstance and also help with the filing of the required regulatory documents to get you going.
Writing a business plan is the best way to test whether or not an idea for starting a business is feasible. Putting your business idea in a plan can save you a great deal of time and money if working through the business plan reveals that your business idea is not viable. A well written business plan is also a standard requirement from financial institutions when applying for financing. While there are many products being offered as "templates", nothing beats the input of business professionals to help in challenging your assumptions. Consult with Meridian when you are ready to see your business idea take shape in a business plan.
Bank Loan Package Preparation
Accounting System Set Up
For most companies, implementing or setting up an accounting system is a big undertaking. From creating a Chart of Account appropriate for your situation to designing actionable reports for management, it requires working with the various functions of the business to ensure that all end user needs will be met. Using a unique structured approach, Meridian is able to analyze, plan, and implement your Accounting System as well as train users with little or no disruption to the normal course of your business.
Accounting Policies and Procedures Manuals
Accounting Outsourcing & Interim Accounting Resource
When the cost of a full time employee is unjustified or, faced with the sudden departure of a key accounting personnel, it may be cost-effective to outsource your accounting services to Meridian or bring Meridian in to help on an interim basis. Continue to focus on your business and maintain your competitive edge knowing that Meridian’s professional experience in finance and management has all your accounting needs covered.
Meridian can be hands-on or serve as a consultant to your management team by providing professional advice to meet your short-term needs. We can also perform your monthly, quarterly and annual bookkeeping tasks.