MentorThink Business Fundamentals - What a Business Owner Should Know!

Let’s agree to this….as a business owner; you are passionate about the products or services you provide. You focus 80% of your time increasing the top line and bottom line. The remaining 20% of your time is spent on the “desired responsibility of taking care of the financial”. You are good at numbers only specific to the outer periphery. For long-term success of your businesses you should understand that you need to wear the hat of a Financial Analyst being able to dissect numbers and that requires specialized knowledge.

We found one reason for an entrepreneur gives for not paying attention to their financials - IGNORANCE.

World-wide statistics say, most of the entrepreneurs are unsure of their profitability. They "think" they are making money because AR – AP = Profits and to the most a few items added to it. This is NOT how you should be running your business. Cash and profit are two different concepts. If you aren't profitable, you won’t be able to travel a longer mile in your business.

Holding yourself stating you are still small to have these initiatives. Most companies go out of business because of their financial discipline. When all things go well in your business, you should be aware that this is the time for you to invest in such a service to protect your long term goals. Because when you fail, it'll be your fault for not managing your business wisely.

Make the choice to be a financially informed business owner. Your business will thank you through increased profitability and longevity!

Mentoris specializes in providing you CFO services which will help you take informed decisions about your business. Accounting is not about adding numbers…there is much more to know about this.  You can experience the level of our expertise once you talk to us.

The anecdote from our existing clients speaks volume of our expertise in this area.

At Mentoris, our specialist will not confuse with the financial jargons. It’s for them to interpret critical financial statements – Profit/Loss, Cash Flow, Balance Sheet, Assets, Liabilities and give you a holistic picture with details that can help you take critical decisions. We are your watchdog when it comes to protecting your long term business interest.

We provide experienced individuals to complement your management team on a part-time or interim basis. Rather than hiring a full-time employee, it may be more advantageous for you to retain our professionals for specific projects, or on a contractual basis to enhance your current organization.

Our definition of CFO Services

At Mentoris, we provide outsourced accounting and financial planning and control services to small and medium-sized businesses.  Applying Thought Leadership - our CFO Services is led by industry experts with over 25 years of accounting experience and industry experience.  You will get a personalized responsive service with layman language advices and suggestions that can help take business decisions. All the complexities involved in the finance functions are crystallized and explained to the language the business owner can understand.

Your organization can benefit from the knowledge and experience of our team members who would assist in generating and designing of the reports and have exposure to real time reporting culture of MNC's and large transnational organization.

By outsourcing this service you gain insight into expertise which will require lot of long term investments in people, process and infrastructure. The same quality and timely reports are available to you at a fraction of cost by our team.

Mentoris provides various types of MIS reports which enable CFO and Business heads to take informed decisions pertaining to the company's business operations. The various reports are listed below.

Our MIS reports helps CFO's and top management in their decision making and analysis by enabling What-If scenarios.

Mentoris provides a detailed sector wise and product line wise analysis and includes benchmarking and variance with industry standards. The system provides financial information to managers in an organization who can use these reports to analyze historical and current financial activity and also project future financial needs. This is very helpful in Monitoring and managing use of funds.

Financial Statements: We provide a complete and exhaustive set of financial reports for you like balance sheets, income and cash flows statements.

Inventory Reports: Our team can carry out inventory reporting processes and help you with reports like stock status reports, item master lists and item costing reports. Furthermore you can utilize our resources to process receipts, withdrawals, reorder levels, average monthly usage, inactivity and current value etc.

AP Reports: We provide aged payable reporting services, classify invoices to proper G/L account, report detailed age payables and cash requirements to the organization etc.

Accounts Receivables Reports: Our AR services come not only with AR follow up but also with periodical reporting for the health of your account receivables. Some of the reports we provide are Aged Receivables, Customer reports, Invoice/Sales reports etc.

Bank Reconciliation: Our services enable you to monitor and control your bank accounts, on a daily basis. Cancelled Checks and Bank Statements can be sent directly to us, so we can immediately reconcile the account and alert you regarding any matters that require your attention.

Payroll and Check Registers: Complete records of all your company checks written during the month to show you exactly where your money is going. These services come in handy in many diverse situations, for instance, if an employee has a payroll question or a supplier calls regarding a payment. Furthermore, all the necessary information needed to substantiate any deductions is at your fingertips during an audit.

Custom Reports: Feel free to ask for additional customized reports that will further help you manage your operations for greater efficiency and profit. These include budget preparation and compliance issues.

The Team: The MIS reports are generated by our senior team members who have a holistic view about entire company operations and lend their value added domain or industry specific knowledge to your requirement.