Internal Control and Accounting System Design
At Ancur INC, we design and monitor internal controls that ensure the accuracy of financial information, deter employee fraud and theft, and promote accountability.
Internal controls are important for two reasons: Firstly, they help a business run more efficiently, and secondly, managers can be held legally liable for the accuracy of an organization's financial statements.
Internal controls that are preventative or detective in nature can be designed by us.
Internal controls and accounting will safeguard the company's assets against waste, fraud, and theft; ensure that employees follow federal law and company policies; provide reliable and accurate financial and operational reports; and promote employee efficiency.
Controls Testing and Monitoring
We can assist you in establishing a set of internal controls that will improve accountability and efficiency, protect assets, and prevent fraudulent activity.
These controls ensure that your organization runs smoothly. It discourages employee theft or fraud and encourages employees to follow policy.
Employers benefit from controls in a variety of ways. Here are two examples: You will quickly learn whether or not your employees are following your policies, and you will be able to identify potential compliance issues much more quickly.
Controls boost confidence in the accuracy of your financial records by discouraging theft and fraud. They also provide opportunities to develop procedures that improve efficiency, eliminate unnecessary overlap, and encourage training to reduce errors.
Reporting and Forecasting
Do you want to make money for yourself while your company makes money and you plan future investments?
At Ancur INC, we can assist you with all of this, particularly if you want to expand significantly.
We can provide you with budgets for the best case, worst case, and middle-of-the-road scenarios. In addition, we incorporate industry insights into the development of these forecasts.
This method is far more advanced than the traditional method of tracking past trends, which was rendered obsolete by the COVID-19 pandemic.
We employ well-known and reliable financial analysis tools such as straight-line, moving average, simple linear regression, and multiple linear regressions.
What you will receive when you work with us:
Our knowledgeable staff will visit your office on a monthly basis to review the budget, reconcile income and expenses, and update the forecast for your organization's revenues, expenses, and capital costs.
This data allows you to see both consistent and infrequent expenses, as well as revenue fluctuations throughout the year.
This meeting will answer your questions and provide you with a real-time understanding of a variety of issues, including business expenses, cash flow, credit, hiring, strategic planning, production schedule, and what customers want or do not want from your company!
We will manage your books, allowing you to focus on what you do best – running your business!
Our extensive experience will help your company save money on costs, taxes, and commissions while also keeping it out of trouble with constantly changing rules and laws.
Our bookkeeping services will allow you to see how your business is doing in the short and long term. How so?
We create a chart that records all of your financial transactions. This provides you with accurate data for managing your business and paying federal, state, and local taxes.
We discover double billings, unrecorded payments, and other inconsistencies and correct them!
Every withdrawal and disposal is reconciled.
You get clean books, smarter spending, and a thorough understanding of your company's strengths and weaknesses.
Changes in your business may necessitate specialised attention from financial experts from time to time.
You can rely on our team of financial professionals' expertise to help you manage these changes with relevant and insightful solutions.
Our controller services are tailored to the specific requirements of growing businesses. Our controllers are responsible for overseeing all client accounts, providing timely insights and financial advice, and carrying out proactive account management, with a focus on businesses with a minimum of $2 million in annual revenue.
Among our controllership services are the following:
Financial reporting and controls
Financial forecasting and budgeting
Assistance with banking and capital structure
Cash flow management