Anatole Business Consulting

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Remember to Balance the Flow of Cash The foundation of healthy working capital is staying on top of your cash flow. Know when money is coming in and when it’s going out. Don’t let your cash flow resemble a one-way river, constantly flowing out without anything coming back in. #cashflowmanagement #cashstrapped #financialmanagement #anatolebusinessconsulting

Need time to mind and grow your business? Learn more about our services at www.anatoleconsulting.ca #financialmanagement #outsourcedaccountingservices #anatolebusinessconsulting #businessprocessimprovement

Eager to connect with fellow entrepreneurs through a free consultation call! Book a call via our webpage: www.anatoleconsulting.ca or call (647) 524 9740 today.

A Costly Software Implementation Mistake I recently met with a prospective client who was looking to restart their ERP system implementation—this was their second attempt. Previously, they spent six months working on the project independently, relying only on support from the software provider. Unfortunately, there was no formal project plan, and they lacked sufficient manpower, which ultimately led to an unfavorable and costly outcome. They were forced to halt the project, and it has continued to drain their financial resources. At first glance, one might assume the issue was a poor choice of ERP software, but that wasn’t the case. The real problem was that they underestimated the importance of thorough planning, which is essential for successfully executing such a complex project. Strategic planning is critical when it comes to software implementations. It encompasses various elements such as conducting a needs assessment, setting clear goals and expectations, engaging key stakeholders, and appointing a knowledgeable and experienced individual to lead the project. While your software vendor may provide a technical account manager to assist with the implementation, it is crucial to bring in a consultant who understands both the industry and the technical aspects of the project, and to support strategic planning. Your vendor assigned technical account manager excels at understanding the software itself, but they may not fully grasp the unique dynamics of your business workflows or have the technical expertise required for critical tasks. In the case of the client mentioned above, they attempted the ERP implementation on their own, without a solid project plan, relying solely on the software provider’s support—which is typically limited to software installation and setup. This approach led to a poor and costly outcome, proving that ERP projects require much more than just the software knowledge. Having learnt the hard way, the client recognized the need to consult with us to finally put this implementation to bed. Give us a call for your next implementation. We’d be delighted to support your team and help ensure a smooth and successful GO-Live! #softwareimplementation #projectplanning #anatolebusinessconsulting

Wrapping Up 2024 Financials Many entrepreneurs like you are gearing up to scale your businesses in the months to come. However, before diving into the exciting prospects of 2025, there’s the important—and often daunting—task of wrapping up your 2024 financials. Closing the books for 2024 involves several critical steps, including: - Review and reconciliation of general ledger accounts - Verification of accounts receivables and payables ledgers - Posting of adjusting journal entries - Preparation of working papers and compilation statements - Consulting with tax professionals for tax return preparation and filings - Payroll reconciliation and related year-end filings (EHT, WSIB, T4 slips and summary) - Coordinating financial and performance reviews with external accountants - Budget preparation for the new year For many entrepreneurs, this period can feel overwhelming. That's where a fractional controller can help. A fractional controller will not only guide you through this complex process but also reduce compliance risks by ensuring all yearend procedures are completed on time, helping your business stay compliant and well-positioned to achieve your 2025 goals. Contact us early to get the support you need for a smooth year-end close and a strong start to 2025. Let us help ensure your business remains in compliance while setting you up for success. #fractionalcontroller #anatolebusinessconsulting #2024yearendclose

Wrapping Up 2024 Financials Many entrepreneurs like you are gearing up to scale your businesses in the months to come. However, before diving into the exciting prospects of 2025, there’s the important—and often daunting—task of wrapping up your 2024 financials. Closing the books for 2024 involves several critical steps, including: - Review and reconciliation of general ledger accounts - Verification of accounts receivables and payables ledgers - Posting of adjusting journal entries - Preparation of working papers and compilation statements - Consulting with tax professionals for tax return preparation and filings - Payroll reconciliation and related year-end filings (EHT, WSIB, T4 slips and summary) - Coordinating financial and performance reviews with external accountants - Budget preparation for the new year For many entrepreneurs, this period can feel overwhelming. That's where a fractional controller can help. A fractional controller will not only guide you through this complex process but also reduce compliance risks by ensuring all yearend procedures are completed on time, helping your business stay compliant and well-positioned to achieve your 2025 goals. Contact us early to get the support you need for a smooth year-end close and a strong start to 2025. Let us help ensure your business remains in compliance while setting you up for success. #fractionalcontroller #anatolebusinessconsulting #2024yearendclose

Wrapping Up 2024 Financials Many entrepreneurs like you are gearing up to scale your businesses in the months to come. However, before diving into the exciting prospects of 2025, there’s the important—and often daunting—task of wrapping up your 2024 financials. Closing the books for 2024 involves several critical steps, including: - Review and reconciliation of general ledger accounts - Verification of accounts receivables and payables ledgers - Posting of adjusting journal entries - Preparation of working papers and compilation statements - Consulting with tax professionals for tax return preparation and filings - Payroll reconciliation and related year-end filings (EHT, WSIB, T4 slips and summary) - Coordinating financial and performance reviews with external accountants - Budget preparation for the new year For many entrepreneurs, this period can feel overwhelming. That's where a fractional controller can help. A fractional controller will not only guide you through this complex process but also reduce compliance risks by ensuring all yearend procedures are completed on time, helping your business stay compliant and well-positioned to achieve your 2025 goals. Contact us early to get the support you need for a smooth year-end close and a strong start to 2025. Let us help ensure your business remains in compliance while setting you up for success. #fractionalcontroller #anatolebusinessconsulting #2024yearendclose

##happynewyear2025

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