Accquip

What risks would you to take to ensure your agency survives? 🤔

If you could predict the exact date your business would run out of cash, would you be willing to take those risks?

Too many digital agencies play it safe and unwittingly contribute to their business’ stagnating decline 😖

The culprit?

👉A lack of financial clarity and foresight👈

💸What are your gross margins vs what should they be?
💸How many days until you go bankrupt?
💸Which projects were wildly profitable and which ones tanked?
💸What is the #1 priority in your business right now?
💸When should you hire your next employee?
💸How much should you budget for sales & marketing?

☝️These are questions that give you clarity to keep you from stagnating.

They are also the types of questions we answer with you on a weekly and monthly basis.

If you're sick of the complete lack of responsiveness from your current accountant, it’s time to switch.

We work with software dev agencies, design agencies, marketing agencies, and other digital agencies who have reached $500k+ in annual revenues. 

Bootstrapping requires a responsive finance partner with experience in this space, as your cashflow situation is likely to change on a weekly basis.

Working with Accquip, you'll know the exact date your business will run out of cash 📅

We'll work together weekly to strategize the actions you need to take to ensure you stay properly capitalized and running for the foreseeable future.

We'll also work on retrospectively analyzing project profitability so you know which clients and projects to pursue in the future (and which to avoid at all costs).

We're a full-service shop, so we take care of the BORING but important financial aspects in your software business:

👉Payroll & payroll tax compliance
👉Accounting & bookkeeping
👉Client billings
👉Budgeting

DM me to learn more.

Founder

The DevLaunch Podcast

Podcast Host

Tax-Minded

Tax-Minded is an exclusive community of finance professionals committed to advancing the practice of tax. 

Here, tax pros become tax bros, sharing knowledge, offering mutual support, and growing together. All the positives of public accounting without the burnout and office drama

Whether you're seeking expertise or camaraderie, you'll find a space that feels like a team of co-workers and friends, all focused on helping you excel in your career.

Versique Search & Consulting

Director Of Accounting

Salo

Finance Consultant

C.H. Robinson

-Led a team of four corporate accountants and managed the global intercompany network of over 30 accountants worldwide.
-Developed and implemented a standard intercompany accounting process, including the creation of video learning content to educate users on how to reconcile intercompany, the institution of a standard 
monthly calendar cycle and monthly newsletter, and the establishment of global KPIs
-Spearheaded the development of a comprehensive global intercompany policy, gathering industry best-practices through continuing education courses and interviews with finance professionals from other 
organizations, organizing a cross-functional committee of key stakeholders within C.H. Robinson’s finance functions, and publishing the policy on time
-Administered global account reconciliation SOX program (utilizing BlackLine), conducting periodic training events for end users, establishing alternative review procedures for auto-reconciled balances, and leading a team to provide general support services for end users
-Facilitated the global implementation of the Oracle Account Reconciliation Cloud Service (ARCS) tool, developing standard corporate training materials, conducting both train-the-trainer and end user trainings, coordinating project timelines and communications, and determining the policies that inform 
the technical setup of the ARCS environment
-Performed monthly close processes surrounding ASC 606 revenue recognition

Corporate Accounting Manager

Salo LLC

Salo, LLC is the leader in driving business outcomes by leveraging talent in finance, accounting and human resources; as well as finance and accounting search services. Our award-winning firm is among the fastest-growing contract staffing companies in the country with offices in Minneapolis-St. Paul and Chicago.

To learn more about the Compass Program, please visit: http://salollc.com/finance-job-placement/compass-program/

Compass Program Member

Grant Thornton LLP

Audit Senior Associate

Wilson Aesthetics, LLC

For my part as Co-Owner, I took an active role in reviewing accounting records for completeness & accuracy, aided in the preparation of taxes, developed the pricing of photography packages, and established the company budget.

Co-Owner

Accounting Intern

Fractional CFO & Business Coach to AMBITIOUS software dev agency owners | Build your dream business without selling your soul to VCs | I offer a course for beginners to learn DIY bookkeeping | 😎 Girl dad

Digital agencies are brutal 😩




What other business deals with as many feast & famine cycles?

🙅‍♂️None🙅‍♂️

It is an easy model to start…
…but requires balls of steel to endure.


Here are THREE questions to ponder:

1️⃣ Does my accountant know how to keep me in the game?

2️⃣ Are they giving me the advice I need to grow without dying of revenue indigestion?

3️⃣ Have they helped me plan my exit?



Be real with yourself.

If you answered “no” to all three…
you’re playing with fire. 🔥 

Agency work is tough as it is.

Get the right advisor in your corner.


There is a light at the end of this tunnel.

It’s up to you whether it’s
blue sunny skies ☀️ 
or a train 🚂 

Tony Wilson, CPA, CMA

Balance Accounting Advisory LLC

Founded Balance Accounting Advisory LLC to deliver purchase accounting and technical accounting advisory services.

Member

Balance CPE LLC

If you're dealing with a knowledge constraint after closing an acquisition, Balance CPE offers a two-course bundle to guide you through the purchase accounting process.  

The bundle includes:
 
1. Courses covering (a) the relevant guidance and (b) how to run the purchase accounting process, 
2. Time-saving templates for you to use in your process, and
3. Up to 4.0 CPE credits.

Learn more at www.balancecpe.com
____

Balance CPE is a NASBA-approved CPE sponsor for (a) group live, (b) group internet based, and (c) QAS Self Study CPE courses.

Healthcare Startup

Managed up to ten individuals with responsibility over financial reporting for the company’s largest segment and the cash, accounts payable (AP), accounts receivable (AR), and IT labor capitalization functions for the company overall.  

Re-established monthly reporting of a cash flow statement to provide additional insight to management, an item temporarily discontinued while reporting as a consolidated subsidiary of a public parent company.

Prepared detailed analysis as requested by company management and potential investors in support of the sale of majority stake to a private equity firm in 2018.

Created the company’s financial statement package to support credit agreement compliance post-sale.

Senior Manager, Accounting

Nissan Motor Corporation

Assisted in the preparation of consolidated financial statements for Nissan North America, Inc., Nissan Canada, Inc., and Nissan Motor Acceptance Corporation to support various debt placements.

Prepared the derivative footnote for all financial statements compiled by the External Reporting Group, working closely with accounting teams across the organization to ensure accuracy of recorded data. 

Improved the consolidation process by creating a centralized document to track progress towards completion of the financial statements, ensuring responsibility and timing for each task was defined.

Consolidated Financial Reporting

Oversaw one manager on the Technical Accounting team, who assisted with my responsibility over US GAAP accounting areas such as acquisitions, dispositions, leases, consolidation of entities, expense capitalization, segment reporting, share based payment, compensation, foreign currency, software, derivatives, cash flow presentation, and debt.

Communicated frequently with Ernst & Young audit team, from initial discussions of an issue through preparation of white papers to document Aon’s final accounting positions on non-routine transactions. 

Leveraged relationships with colleagues in M&A, Treasury, Tax, Legal, Corporate Real Estate, Human Resources, FP&A, Consolidations, Local and External Reporting teams to ensure acquisitions, dispositions, tax step plans, and other non-routine transactions were properly reflected in Aon’s financial statements.

Created an account search tool to make key information regarding the use of accounts in Aon’s general ledger easily accessible to stakeholders throughout the organization.  

Provided recommendations to Aon’s Deputy Global Controller and other executives related to complex accounting topics in an easy to understand and efficient presentation.

Senior Manager - Technical Accounting

Manager - Technical Accounting

Prepared consolidated financial statements for the Europe, Middle East, and Africa (EMEA) region from submissions from approximately 100 entities in the region, assessing the submissions for accuracy, conformity with US Generally Accepted Accounting Principles, and conformity with Aon accounting policies.

Managed a team of two individuals, one of which was a seat dedicated to recent college graduates on nine-month rotations as part of Aon’s Finance Leadership Program.

Identified opportunities for process improvement, including gaining efficiencies in training by documenting desk procedures and driving quality of information by creating tools to validate accuracy of financials.

Created a scorecard process to communicate feedback on reporting submissions from each country in EMEA to key members of Aon management for use in follow up discussions with country controllers.

Led a review of internal controls performed by International Consolidations, leading to a reduction in the number of key controls held by our group by recommending leveraging Corporate Consolidations controls.

Oversaw the off-shoring of the EMEA consolidations process to Aon’s shared service center in Krakow, Poland, managing both the process documentation efforts of colleagues in the US and the training programs to prepare colleagues in Poland to carry out the necessary consolidation processes.

Manager - International Consolidations

Senior Accountant - International Consolidations

KPMG US

Led teams of up to six staff in auditing annual (10-K) and reviewing quarterly (10-Q) financial statements for SEC clients in the Consumer and Industrial Markets line of business, including evaluations of controls for SOX compliance.

Senior Audit Associate

Audit Associate

I eliminate Controllers’ headaches during acquisitions | 𝐖𝐞 𝐩𝐫𝐞𝐩𝐚𝐫𝐞 𝐀𝐋𝐋 𝐩𝐨𝐬𝐭 𝐌&𝐀 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐢𝐧𝐠 𝐟𝐨𝐫 𝐲𝐨𝐮 - so your team can continue business as usual | 30+ transactions done

I help public companies through the accounting for non-routine transactions, like mergers & acquisitions.

During my 13+ year career, I've been involved in the accounting for 30+ M&A transactions with cumulative transaction prices approaching $15B, participating as the acquirer, the acquiree, and as a consultant.

People that know me know that I love technical accounting, so if there's any way I can assist, please don't hesitate to reach out by:

> Messaging me on LinkedIn or 
> Emailing me at tom@baallcus.com.

taplio

The Battle

Tony Wilson, CPA, CMA

Tom Histed, CPA

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