We set up your Xero file the right way, per your industry and applicable reporting needs. We've converted businesses from almost any other system into Xero. We will do a complete cloud accounting system overhaul, and our experienced team will be there every step along the way to make the process as painless as it can be.
Are you moving your company to the U.S.? Thinking of raising capital or developing a sales team here? Not sure where to start? Let HPC take care of it for you. We will be your pilot and guide you to become fully established in the U.S. We will also keep you in compliance and work with your foreign advisors to provide a global solution.
You don't need to hire a full or part time CFO, nor should you ever have to spend your valuable time creating or analyzing manual spreadsheets, budgets, reports, or consolidations to run your business. Our advisory team will help you with real time budget and forecasting, and so much more.
How often do you talk to your CPA? Our tax team provides pro-active planning and is available year around to support our clients and work with our accounting and advisory teams. You will always be in compliance and won't get caught in the middle of those fun book to tax questions, surprises, or adjustments every year.
When we see common problems or questions we address them by either leveraging a new technology or providing appropriate services. This is why we have rolled out HPC Insurance Services. It helps us provide another necessary requirement to small businesses, and ensures that our clients are not overpaying to protect their business.
But what we really do is setup custom solutions to solve common business problems
See below examples of the problems we solve and solutions we provide
Selling products via online sales channels or a store front requires that you track inventory. There are quite a few sales channels, inventory and POS tools out there, and it’s up to you to determine what will work best for your needs. However, it is important to select the tools to manage more than your inventory - paying vendors, recognizing true inventory costs, and ability to report on the financial impact of real time sales, bills, and costs within your accounting system.
We will ensure that you have a system where you enter and receive bills once, your inventory costs are calculated and synced to Xero along with daily sales. Your accounting system has all the details (and only the details) you need to make financial decisions, pay your bills, follow up on wholesale invoices, etc. Our accountant will make sure you always have complete monthly reports, and our advisors can help you manage your budget and cashflow with daily detailed sales and cost information syncing into Xero from your inventory and POS systems.
We've worked with professional service companies of all shapes and sizes and understand your needs. Tracking time, billable expenses, jobs, and everything else that happens in your business should be managed with cloud based tools specific to your needs and industry to allow you to manage your staff, clients, and your cash-flow. You also have to be conscience of how nexus will effect your requirements for sales tax, payroll, and income tax compliance.
We will help make sure any specific project management, time tracking, CRM or other tools you could or already use are evaluated as part of your accounting system. We want to get these important details reflected in your financial reports, and want to help you reduce time, costs and data entry while increasing your ability to manage your accounts receivable and getting the bills approved and paid.
Many of the SaaS and technology companies we work with are ventured back, and have some more stringent reporting requirements than the average small business. They need to scale their system to collect and report on recurring revenue, and need to accrue revenue and expenses on a monthly basis. Accounting becomes much more than the basic bookkeeping when you have investors on your back and a budget to stick to.
Our team will work with you to setup any solutions that will help you collect and monitor your recurring revenue. We will have an accountant and VCFO working together for a predictable flat fee to make sure your books are always up-to-date, and your reports include the adjustments and details your investors expect. Often times we can receive reports from, or gain access to, any proprietary systems you may be using so that we can seamlessly gather all info needed to do your accounting.