Finance & Accounting

Do you know your sales volume? Is your product line making a profit? Are you positioned to receive a return on investment in your business?

From Recordkeeping to Financial Management

Understanding your business financials is one of the keys to running a profitable business. It starts with good recordkeeping, through to analysis, decision-making, and cash flow management.

Expert Advising: Financial Analysis & Management

As a business owner, you are the chief, and hence, the buck stops — and starts — with you. Understanding your sales numbers, working to create efficiency to improve your margins, and keeping a healthy cash flow can be the difference between a hiring sign and a for-lease sign in your business window.

SBDC has a team of financial & accounting Business Advisors who will help you get a clear insight about your business finances, so you’ll have a realistic, birds-eye-view of your business’s expenses and income — all of which will help drive key decisions about hiring, marketing, product research, etc.

Our expert advisors can assist you in enhancing your business performance and growth by evaluating new technologies, reviewing inventory management processes, and your costs.

Cashflow Management

Working capital is the fuel that powers small businesses. Understanding how to maximize cash flow will equip your business to maintain and grow your operation. Even in the age of digital currency, cash is still king. Having cash flow in your business will protect your business from unexpected financial turbulence – like a pandemic. We’ll help you develop a cash flow plan that optimizes cash coming into your business and minimizes unnecessary expenses.

Financial Analysis

Keeping proper records and understanding financial reports are vital for understanding the financial state of your business. We can help you with reviewing your:

  • Startup Costs
  • Breakeven Point
  • Sales and Gross Margin
  • Expenses
  • Cost of Goods Sold
  • Cash Flow

Finance Process Development and Improvement

If you’re a startup or an existing company looking to grow, our advisors can assist you. Whether it’s increasing your margins or revenue, improving cash flow or beyond, we will guide you in planning and executing a strategy to make financial improvements in your business.

Our expert Business Advisors can help you examine your business’ accounts receivables and payables, enhance budgeting practices, and suggest practices that are best for financial reporting.

Managing & Establishing Credit

A lender sees your credit as your financial reputation — if you don’t have credit, it’s working against you. Building business credit plays a crucial role in your company’s funding ability. Whether you operate as a limited liability company or corporation, your business has the ability to establish a credit file separate from you as an individual. We’ll help you repair poor credit, establish credit with vendors to increase lines of credit, and monitor your credit reports into the future.

Expert Advising: Accounting

Are you setting up an accounting system? Have difficulty understanding your accounting – or knowing what reports you should be reviewing? Solano-Napa SBDC has expert Accounting support to help you plan and improve your accounting system.

Bookkeeping & Recordkeeping

We can assist you in as you set up and troubleshoot your recordkeeping system. Our Business Advisors work with you to suggest the top practices and policies for accurate accounting and managerial control to measure, monitor, and maintain security of your finances – while following tax reporting requirements.

QuickBooks Setup & Issues

Our SBDC QuickBooks-certified ProAdvisors cooperate with clients on QuickBooks management and financial analysis to create organized, constant, and manageable reporting processes. If you are not familiar with how to utilize QuickBooks, we can teach you how to navigate and work on it.

Report Management

What data do you need to improve your financial management? We can help you plan a schedule to generate reports and use them.