Services:
Financial & Management Accounting
Many businesses today find that they can cut costs without affecting their operations, simply by outsourcing as opposed to using their own employees. The necessary functions of Financial & Management Accounting are areas often outsourced by businesses today.
It may be that your business is not performing as well as you would like or your profitability has declined to such levels that you need experienced assistance to provide the answers and solutions. We can review your operations and provide the management and accounting expertise to get you back on track.
We can implement easy to use accounting systems that will keep track of your income and expenses and provide you with timely financial reporting.
Many businesses during the course of operations have need for credit facilities, but may not have the tools or perhaps the time to prepare the necessary financial projections for presentation to their bankers. We can prepare these for you, giving you a professionally designed, accurate summary of your financial position. We can also provide a financial projection and cash flow analysis for start-up operations or venture capital requests.
Bookkeeping Services
You may not need to use an outside firm for your financial & management accounting, but do need assistance in basic bookkeeping and clerical functions.
Many of our clients have been able to save time and money through using our services for such functions as bank reconciliation, inventory control, accounts payable, account receivables and basic banking transactions.
Office Administration & Payroll Services
Often it is too difficult to be able to sell your product or service and at the same time take care of the office administration. We have the tools and the time to be able to do this for you. If you require the basic office functions or the more complex, sophisticated corporate administration we are ready to assist you.
Whether your business is large or small, we also have the ability to handle your benefits administration and payroll services. We can also provide assistance with government statutory reporting such as manpower survey, payroll tax and contributory pensions. We can also administer your health benefits, life insurance and company pension plan deductions.
We can assist you with the following services:
- Creation of employee handbooks
- Company policy manuals
- Create and manage employee database
Strategic Business Planning
The entire process begins with a total evaluation of your current business procedures. Writing a Business or Strategic plan can be a painstaking project, but none-the-less a necessary one in order to ensure that your business is moving forward. Working with you and your staff we will develop a plan that will become one of your most important operating tools. If properly used, it will assist you to manage your business and lead to success and profit.
The best way to enhance financial success is to plan effectively and then use the plan. However, it is also vital to make sure that changes are made to reflect the changing business climate. We make sure you are aware of new developments and technological advancements to help keep your business running efficiently.
Business Consulting
TOM provides cost effective management consulting service for the business and community in Bermuda. Our typical process will involve a thorough review of your business practices; operations workflow analysis; computer hardware and software evaluation, selection and implementation; project management and facilitation; financial and management accounting review.
Business Rehabilitation
There are times when a business falls on hard times and the existing management team is too deeply involved in the day to day operations to be able to see clearly just how they need to move forward. Our rejuvenation and recovery services will assist your existing management team in understanding just what needs to be done to turn your business around.
Using our business reviewing techniques we will assign a senior consultant to work in your business on a hands-on basis, to manage it and to assist in working towards the recovery of your business.
