Virtual Analysis
Know the drivers of your company's financial performance.
We'll help you do more with your accounting data, like create and review your budget, measure Key Performance Indicators (KPIs) and conduct various financial analyses. Meet with a trained financial analyst who can help you interpret results to boost your company's financial performance.
Let's Connect
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Add Virtual Analysis to your Virtual Accounting subscription to introduce corporate performance management to your company at an affordable cost.
QuickBooks Online required to use this subscription.
What We'll Do For You
Annual Budget by Month
We'll review your goals and previous 12 months profit and loss statement. We develop a monthly budget for the current fiscal year and share it with you for feedback and updating. Once we finalize, we load into our software to report variances.
We measure performance against the budget each month. We do not update the budget during the year. If you are interested in regular updates, check out our Virtual CFO subscription.
Meetings
There is a standing 30-minute meeting to review performance up through the most recent monthly close.
An additional check-in call is also available.
Cashflow Analysis
Review your operating cash flow, free cash flow and net cash flow over time.
Profitability Analysis
Review fixed and variable costs. Determine breakeven points at various revenue levels. Project various scenarios over time.
KPIs-Financial
Track and measure your performance against financial key performance indicators.
If you are interested in tracking operational performance metrics, check out our Virtual CFO subscription.
Support Staff
We'll support your accounting staff to help them prepare your financial information accurately and timely.
Month-End Close
Close your books each month to ensure they are GAAP compliant. This includes sending you a general ledger transaction listing each month so you can review the transactions we make.
We maintain the monthly close checklist, prepare supporting schedules and organize our workpapers so we may vouch the data in the financial statements.
Software Management
Support and maintain the software apps we use on your behalf. Escalate problems to the software manufacturer when needed.
Monthly Financial Report
Monthly financial report containing financial statements (profit & loss, balance sheet & statement of cash flows) as well as some Key Performance Indicators and trend analysis
Trend Analysis
Identify trends and compare to various indicators to see how your business is growing.
Monthly Variance Reporting
Report to you monthly your company's actual performance versus the plan.
How It Works
We use your budget and data from QuickBooks Online to show you your company's financial performance.
You'll be assigned a Virtual Analyst and will have browser-based access to the analysis anytime you want to see it.
- Key performance indicators
- Budget vs. actual
- Trend analysis
- Profitability Analysis
- Cashflow analysis
Developing Your Annual Budget
Your roadmap to faster sales growth, higher profits and more cash
We develop a monthly plan then share it with you for feedback. Once that's complete, we load into our software, determine the key performance indicator to track, then report performance against the plan each month.
Monthly Report & Online Dashboard
Our monthly financial report is more than just financial statements. We provide trend analysis and Key Performance Indicators to help you better understand your financials.
We offer an online dashboard connected to your QuickBooks Online so you can view your financial information on any devices connected to the internet.
We Use QuickBooks Online
We've chosen QuickBooks Online as the accounting software we use for all our customers.
If you choose to subscribe to our Virtual Analysis subscription you must already be using QuickBooks Online. Here's why:
- Since it is in the cloud, QuickBooks Online can be easily accessed from anywhere
- It is a single source of truth - everyone works from the same ledger
- It seamlessly integrates with our technology stack so we can provide you a complete picture of your company's financial health
- With more than 7 million users, many of our prospects and customers were demanding we use it
We can migrate you to QuickBooks Online
Frequently Asked Questions
Why is QuickBooks Online required?
Why is QuickBooks Online required?
Two reasons. The first is that we've standarized our services around QuickBooks Online due to its ubiquity, ease of use and integration with third party apps.
The second reason is that the analytical tools we use integrate with QuickBooks Online. This saves us time fetching your data so we can focus on providing you value-added analysis.
How do I access the analysis?
How do I access the analysis?
Your plan is stored in the cloud, so you will have online access to your plan and analytics any time you want.
Will you interpret the analysis?
Will you interpret the analysis?
Yes! We assign a Virtual Analyst to you to interpret the data and to make sure you understand how it benefits your business.
We set standing monthly meetings to get into a rhythm of review and accountability. Over time, your understanding should improve and you'll be able to make better informed decisions that grow your business./