Accounting & Financial Reporting

 
 

Bookkeeping, Accounting & Controller Services

Many golf managers and owners reject outsourcing because they think it’s too costly or don’t want to lose control of their financial data. Our services are built to work alongside your in-house team or handle it all for you, and save you money.

For example, accounting and financial reporting functions in-house almost never make sense. Too many golf courses are paying a bookkeeper, accountant, controller, CFO etc. to perform functions that leave clubs paying salaries, benefits, taxes and more, not to mention allowing loss of control functions and oversight.

Why do golf courses hire accountants and controllers? Why do they handle payroll in-house? Why are we producing key financial reports from our own staff?

Accounting and Financial Reporting is a highly skilled job and best left to the professionals. Hiring a bookkeeper on-site may be a good idea but hiring a controller or accountant may not always make sense. This activity is non-core to the business and as such there is always an alternative to get a better more cost effective job done by hiring out.

Benefits

  • Potential cost savings

  • Increased expertise and service - we know the Golf business and add a layer of control

  • Reduce risk, fraud with better internal controls - separation of duties

  • Better control

  • No hiring, training, managing vacation and time off of bookkeeping, accounting staff

  • Financial System Design & QuickBooks Services

  • Clean, Accurate, Timely Books

  • Tax Prep management - we work with tax experts and provide all workpapers

Financial Intelligence

  • Financial Reporting

  • Flash Reports

  • Dashboards

Bookkeeping, Accounting, and Controller Services

With our bookkeeping services you can get in on the ground floor and add as you go, if and when necessary. You can choose to customize which services you want to perform internally and which you want us to do.

Accounting services add the element of keeping the books in QuickBooks and using the “accrual” basis of accounting. Accounting also goes beyond the basic reporting of your financial data we manage the entire process and perform reconciliations and analysis of data.

Controller Services

Beyond the basic accounting functions we offer a highly specialized controller service. This service provides critical oversight and account management to ensure the right policies are implemented and timely and accurate financial are produced. We also provide advisory expertise in budgeting, planning and other strategic financial initiatives.

What You Get

  • Monthly Financial Reports (P&L, Cash Flow Forecast, Balance Sheet, GL)

  • Monthly Financial Review

  • Bank reconciliation

  • Sales Tax Reporting

  • Reconciliation of Balance Sheet

  • Month-end Close

  • Month end accruals

  • Review and Recommendations of Control Processes

  • Vendor Review management

  • Bookkeeper training (where onsite bookkeeper exists)

  • (optional) Accounts Payable - Bill Pay services

  • (optional) Payroll management - we manage the payroll services company process and accounting, Payroll Tax Reporting

  • (optional) Accounts Receivable

Pricing

Our bookkeeping, accounting and controller services are all customized according to your needs and the scope of work. Clubs all range in size of transaction and amount of support and as such we will structure the right fit for your needs and budget.