Business Performance Consulting
We can review your financial statements and give you an overall picture of your standings. Our firm can analyze profit centers to see where changes are needed and offer guidance through changes.
We can review your financial statements and give you an overall picture of your standings. Our firm can analyze profit centers to see where changes are needed and offer guidance through changes.
Business success depends on effective foundation in these areas
Organizational Structure
Roles & Responsibilities/Leadership
Compensation Plans
Planning & Goals
Processes & Procedures
Systems of Accounting
Financial Controls
Salonen CFO Consulting is not just a speaking consultant. We are ready to roll up our sleeves and get in your office to create real world solutions to your concerns. There are no canned answers to your business success.
Organizational Structure
Roles & Responsibilities/Leadership
Compensation Plans
Planning & Goals
Processes & Procedures
Systems of Accounting
Financial Controls
Salonen CFO Consulting is not just a speaking consultant. We are ready to roll up our sleeves and get in your office to create real world solutions to your concerns. There are no canned answers to your business success.
An organizational structure is a system that outlines how certain activities are directed in order to achieve the goals of an organization. These activities can include rules, roles and responsibilities. The organizational structure also determines how information flows from level to level within the company.
On the other hand, responsibilities are the specific tasks or duties that members are expected to complete as a function of their roles. They are the specific activities or obligations for which they are held accountable when they assume—or are assigned to—a role on a project or team.
A compensation plan refers to all the components of a compensation package (wages, salaries, and benefits), the manner in which it will be paid, and for what purpose employees receive bonuses, salary increases, and incentives.
You can think of goal planning as figuring out the “HOW” to achieve your goal. Simply put, the output of goal setting is a list of goals, and the output of goal planning is an action plan. Most people don't achieve their goals because they stop at goal setting.
The difference between processes and procedures can be summed up as breadth and depth. A process defines the big picture and highlights the main elements of your business–breadth. A procedure captures those elements and adds more information for functional responsibilities, objectives, and methods–depth.
An accounting system allows a business to keep track of all types of financial transactions, including purchases (expenses), sales (invoices and income), liabilities (funding, accounts payable), etc. and is capable of generating comprehensive statistical reports that provide management or interested parties with a clear set of data to aid in the decision-making process.
Financial controls are processes, policies and procedures that are implemented to manage finances. They play a role in achieving an organization's financial goals and meeting obligations of corporate governance, fiduciary duty and due diligence.