Business Consulting Services in Bellaire, TX

At Terry Barker, CPA, our Bellaire small business CPA takes care of all parts of the business accounting and strategy process for you, so you can get back to running your business and generating profits. Small and medium-sized businesses find our firm a valuable and committed partner. Terry Barker, CPA produces continuous, accurate streams of useable financial data that helps your business pursue growth goals. 

COMPREHENSIVE SMALL BUSINESS ACCOUNTING SERVICES

Preparing a strategic plan for success helps clarify your company's direction and accomplish all the steps needed to meet your goals. Whether you’re looking to expand, improve profitability, rebrand, or pass your business on to the next generation, our CPA ensures that you have clear financial data to work with.

Our core small business services include:

  • Bank Account Reconciliation
  • General Ledger Review
  • Statement Generation: balance sheets, profit /loss, cash flow
  • Payroll Processing
  • Part-Time CFO Services
  • Cash Flow Management 

We help business owners develop effective, standardized processes for running all back-office components of their businesses. You no longer have to worry about finding time to organize financial documents, process payroll, or think about financial forecasting for future success.  With services that range from essential, everyday bookkeeping to big-picture financial analysis, we’re here to help guide your business forward trajectory.

BUSINESS CONSULTING: EXIT PLANNING, FINANCING, AND NON-PROFIT ACCOUNTING

Developing and implementing a well-designed plan to promote business success is essential to any company. Part of this process can be fraud prevention, securing loans, exit planning, discerning business value in your current market, and making sure your accounting professional understands your niche. Terry Barker, CPA provides additional services related to health and growth potential of businesses that include forensic accounting, bank financing, retirement planning, and considering the needs of non-profit organizations

Our Bellaire small business CPA helps pinpoint sources of internal financial problems and correct accounting process errors that can compromise future potential. We assess your internal controls to determine the efficiency of operating procedures, making recommendations that help your company become stronger. When you’re ready to pass your company on to new ownership, our expertise in business valuation and exit planning can help the sale of your company become a significant gain for your retirement years. 

  • BALANCE SHEET
  • BANK FINANCING
  • NEW BUSINESS FORMATION

A balance sheet gives you a snapshot of your business' financial condition at a specific moment in time.

A balance sheet helps you:

  • Quickly get a handle on the financial strength and capabilities of your business
  • Identify and analyze trends, particularly in the area of receivables and payables. For example, if your receivables cycle is lengthening, maybe you can collect your receivables more aggressively
  • Determine if your business is in a position to expand
  • Determine if your business can easily handle the normal financial ebbs and flows of revenues and expenses
  • Determine if you need to take immediate steps to bolster cash reserves
  • Determine if your business has been slowing down payables to forestall an inevitable cash shortage

Balance sheets, along with income statements, are the most basic elements in providing financial reporting to potential lenders such as banks, investors, and vendors who are considering how much credit to grant you.

Need money to grow your business?

Requesting a business loan without adequate preparation sends a clear message to the lender: High Risk! Therefore, it pays to be prepared and organized in your approach for financing.

Put your best foot forward by allowing me to prepare a winning loan proposal for you. My proposals have a high likelihood of success because they're created from the lender's perspective.

You get the money you need because I know exactly what banks want to see. Even more importantly, I know how to prove to them that you'll be able to pay them back.

My winning loan proposals come complete with...

  • Executive Summary: Where I concisely state the purpose of the loan, the exact amount of money required, an explanation of what the loan will be used for and why it's needed.
  • Pro-forma Cash Budgets and Financial Statements: I use your data and underlying assumptions to prepare information that your banker can easily read and buy in to.
  • Owners Personal Financial Statements: I make copies of the last 3 years of personal tax returns for the bank as well as identify the collateral being pledged as security for the loan.
  • Representation: I help substantiate your financial needs/position to your banker in person.

Thinking of owning your own business?

Opening your own business is exciting and thrilling. It's everything that comes after the excitement and thrill has worn off that dictates whether a small business will make it or not. It's up to you to maintain and stretch out the "thrill and excitement" period forever.

A methodical plan of action is needed to fulfill your dream or goal of being your own boss and running a successful business. Success lies in the approach you choose to take. I help you avoid the common pitfalls that many new small business owners make when starting their new venture.

I help you...

  1. Prepare an initial business plan to clarify your marketing, management, and financial plans.
  2. Determine your start-up capital needs.
  3. Identify sources of start-up capital and backup sources if needed.
  4. Evaluate and quantify your borrowing power so you know how much money you can get your hands on if needed.
  5. Select a business structure that best fits your needs by evaluating tax advantages, legal exposure, ease of operation and portability should you need to relocate.
  6. Select the right accounting software by evaluating your budget, needs and hardware.
  7. Prepare a Cash Flow Budget so you know exactly how much money you need to keep the business alive each month for the first few years. Unplanned cash requirements are always emotionally painful.
  8. Establish billing and collection procedures to maximize your cash flow.
  9. Establish procedures to monitor and control costs.
  10. Setup a home office so you can maximize your tax deductions.
  11. Prepare and file all required state and local licenses and permits.
  12. Prepare and file your application for your Federal Employer Identification Number.
  13. Provide payroll and payroll tax filing when you bring on your first employee.
  14. Comply with employment laws so you don't get hit with fines and unhappy employees.
  15. Identify your business insurance needs.
  16. Develop a solid Partnership Agreement. This is an extremely important document for all new partnerships and will help prevent a tremendous amount of financial and emotional problems down the road.