Reconciled bank accounts; prepared aged receivable and payable
reports at each month end. My client had one bookkeeper, and
the client's outside CPA complained of the lack of segregation
of duties and an increased risk of irregularities.
My monthly visits provided an independent second set of eyes
on the books.
Prepared monthly cash forecasts and cash flow reports. These
reports allowed us to answer the timeless question, "How are
we going to pay for all this stuff?"
My client had successfully introduced a new product, and sales
were growing month to month. Cash was not, however; it was shrinking.
The cash forecasting identified the problem: having to pay
promptly (or up front) for the necessary raw materials and
steady increases in inventory but having to wait to get paid
for the product. Negotiating better payment terms and focusing
on collections yielded a healthier and more reliable cash
Philadelphia is a city of murals and other public art,
some in the most curious spots. Bill Daly worked in
North Philadelphia for eight years and took pictures as he
walked. We've included some on these pages.
More pictures of North Philadelphia.