COST MANAGEMENT
Cost Management is the process of planning and controlling the budget of a business. Cost Management is a form of management accounting that allows a business to predict impending expenditures to help reduce the chance of going over budget.
The first step to assist small businesses reach growth potential is to: Build a 360 Base to Manage Cost & Save.
THE ACCOUNTING 360 SOLUTIONS PROCESS
The objective is to: Build a 360 Base to Manage Costs & Save with: Trusted Accountability, Costing Measures and Industry best practices
PLAN
To understand the key processes a business is using or has access to manage daily operations
EVALUATE
To measure the cost-effectiveness of the available key tools & processes
DESIGN
To build a 360 base to manage costs & improve savings
VALIDATE
To perform the accountability check to ensure industry leading & effective cost management
REALIZE YOUR COST MANAGEMENT
What To Expect
The Plan
Current Software being used
Required Administrative tasks
Cost Objectives
Repeated Critical Mistakes
Missing Decision-Making Information
Current Accounting Cycle
Current Recordkeeping Process
The Evaluation
Daily Operational Software Costs: Time & Money
Administrative Tasks Costs & Need
Cost Objective Assessment
Critical Mistake Costs & Impact
Cost & Impact of Missing Information
Expected & Effective Accounting Cycle
Recordkeeping Evaluation per CRA Guidelines
Ready to Assess Cost Management?
Our Cost Management Scenario Studies
Are you achieving your growth targets? Our customized solutions help you plan ahead, monitor and realize your growth potential! Accounting 360 Solutions provides the key tools and expertise to grow your sales. Our customized Information Technology Solutions and Financial Reports provide an effective foundation to achieve your growth objectives. Ask us about our Growth Guarantee.
FREQUENTLY ASKED QUESTIONS
A few Cost Management questions you may have
We will ensure a costing structure is put in place and evaluated. A customized flex costing model can be put in place within a 3-6 months timeline.
Customized management reports, timely bank, A/R and A/P reconciliations and revenue recognition.
A customized cloud storage and back-office solution with a proper audit trail process design.
Monthly logs/checklists and timely progress reports to ensure transparency and client approved service.