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Training

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Want Results?  Train Hard

The Importance of Employee Training: 6 Reasons Why It Saves You Money is a great article from Business2Community that demonstrates the importance of training. It not only helps your employees, but your overall company. A great quote from the article which brings home the importance of training is: "If you were given the choice between two different pilots—one was trained, the other not—which one would you choose? But what if there was no “up-front” cost for the untrained pilot? You still wouldn’t do it? Yet many business owners do not recognize the importance of employee training."

Training is important because it:

  • Improves productivity and profitability

  • Ensures a competitive edge in the market

  • Promotes safety and health among employees

  • Creates opportunities for career development and personal growth; an important factor in retaining workers

  • Helps employers comply with laws and regulations

  • Educates workers about the effective use of technology

Jon, couple of alterntive side presentations

One of Safima’s strengths is helping a company determine and put in place proper policies and procedures.  It is during this process, or examining your current procedures that a customized training program can be created.

 

Alternatively, we can help you conduct a needs analysis throughout your Company.  This process will help you define the specific training needs of each employee.  For example, certain training may apply to all employees but training on specific equipment or software would only apply to those employees who use those tools. 

Our Commitment:

  • To always put your interests first

  • We will exceed your expectations

  • We will deliver more value than you pay for

  • And we will conduct ourselves with he highest degree of integrity.

Cash and Cash Forecasting

  1. Bank account reconciliations

  2. Preparation of bank confirmations and coordinate mailing

Accounts Receivable

  1. AR Walk (Beg Bal+Billings-Payments=End Bal)

  2. Reconciliation of aged trial balance to the general ledger

  3. Analysis of aging and evaluation of Allowance for Doubtful Accounts

  4. Collection Services

Inventory

  1. Inventory Walk (Beg Bal+Purchases-COS=End Bal)

  2. Physical Inventory Procedures (design, assist with implementation and participate with physical observation)

  3. Reconciliation of physical results to the general ledger

​​Fixed Assets

  1. FA Walk (Beg Bal=Purchases-Depreciation/Write-offs=End Bal)

  2. Reconstruction of Fixed Asset details and reconciliation to the General Ledger

  3. Review depreciation policies and update depreciation records

  4. Walk of Allowance for Doubtful Accounts and reconciliation to the General Ledger

Accounts Payable

  1. AP Walk of payables activity (Beg Bal+New Payables-Payments=End Bal)

  2. Vendor reconciliations

  3. Reconciliation of aged trial balance to the general ledger

Other Miscellaneous Asset/Liability Accounts

  1. Determine year-end accruals

  2. Update valuation schedules for intangible assets

Long-term Debt (Including Capitalized Leases under ASC 842)

  1. Update amortization schedules

  2. Coordinate confirmations

  3. Reconcile current and long-term liability balances and related interest expense to the general ledger

Payroll

Reconciliation of payroll expense per your payroll reporting system to the general ledger

Reconciliation of payroll tax liability accounts

Determine year-end accruals for wages, and PTO or vacation time

Revenue Recognition (including ASC 606)

  1. Review policies and, in consultation with outside auditors prepare supporting analyses

  2. Prepare GAAP accounting memo

  3. Evaluate year-end cutoff procedures, if applicable

  4. Assist with evaluation of your current polices compared to new emerging guidelines with convergence of U.S. GAAP and IFRS.

Inventory

  1. Inventory Walk (Beg Bal+Purchases-COS=End Bal)

  2. Physical Inventory Procedures (design, assist with implementation and participate with physical observation)

  3. Reconciliation of physical results to the general ledger

Payroll

Reconciliation of payroll expense per your payroll reporting system to the general ledger

Reconciliation of payroll tax liability accounts

Determine year-end accruals for wages, and PTO or vacation time

Fixed Assets

  1. FA Walk (Beg Bal=Purchases-Depreciation/Write-offs=End Bal)

  2. Reconstruction of Fixed Asset details and reconciliation to the General Ledger

  3. Review depreciation policies and update depreciation records

  4. Walk of Allowance for Doubtful Accounts and reconciliation to the General Ledger

Insurance

  1. Obtain Schedule of Insurances and reconcile expense and prepaid balances to the general ledger

  2. Analyze loss information and determine proper accruals for workers comp, and other auditable policies.

  3. Working with your existing brokers or introducing to others, we can help you develop compresensive risk management procedures and help you reduce your insurance cost

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Sales & Use Tax

  1. Sales and use tax return reconciliation

  2. Review of sales and use tax policies and procedures

  3. Determine year-end accruals

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Financial Statement Preparation

  1. Prepare draft financial statements (balance sheet, income statement and statement of cash flows)

  2. Prepare supporting footnote schedules

  3. Preparation of lease schedules for operating and capital leases, including reconciliation of expense and liabilities to the general ledger

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