"If it weren't for Deb Welsh and her expertise, I'd still be in the dark ages recording my entries in pencil in very messy columns. She has helped me tremendously to streamline my bookkeeping, such as it was, and has made my life with numbers easy and efficient. Deb is patient, thorough and creative."
Gail C. Adkins
Change Magic Interior Redesign
"Deb Welsh with New Way CFO Services has been our interim CFO for the past several years. She has been instrumental in helping us gain a better understanding of the financial side of our business; what was right, what was wrong, and making recommendations. Deb understands our business and our goals. She has become an important part of our management team."
Tom McElroy, President
Tennessee Healthcare, LLC
What do the Financial Reports tell you?
Your Financial Reports |
What they tell you |
Income Statement |
Tells you how you made and spent your money. Your Income and Expenses. |
Balance Sheet |
Tells the money story of your business. What you own and what you owe plus equity. |
Statement of Cash Flow |
Tells you about money coming in and going out and what's left. |
Accounts Receivable Analysis |
Tells the story of your customers. Are they paying on time - or at all? |
Accounts Payable Analysis |
Tells you how you spend your money. Tells you their payment terms. Are you maximizing cash flow? |
Budget |
Outlines your plan for how you wil make and spend your money. This is your money plan. Helps you decide what are the right or wrong thins to do, to buy, or to sell. |
Business Financial Plan |
Tells you what is necessary to obtain funding for your new business and is important to investors and lenders. This is necessary when you need to raise capital. |
615.793.4873 Fax: 615.793.6266
Email: dwelsh@newwaycfo.com