Your Law Firm Deserves a Strong Financial Engine
Unclear path to profitability? Collections sliding off course? Invoice problems forcing frequent pit stops?
Your firm deserves more billable time from you!
Let Norman Professional Services Assist Your Journey
Diagnostic: We’ll look at how money flows in and out of your business, and the systems, software, process, and people that are involved in tracking it. After that, we’ll let you know our recommendations on how to improve your accounting system.
Tune-Up: We’ll design and implement best practices on how to manage and report on your financials in QuickBooks. These processes are tailored to your company, complete with documentation unique to you. Don’t have QuickBooks? We can get it set up for you!
Dashboard: Each month, we’ll close your books and give you financials that you can use to manage your business. And we’ll meet to talk about your financials’ Key Performance Indicators that matter to you, sharing trends that we see in how your company is doing.
Growth: Our expertise as fractional CFOs help organizations build budgets and forecasts that embrace growth. Looking to sell your business? We help with the planning and reporting you need to make it happen!
Diagnostic: We’ll look at how money flows in and out of your business, and the systems, software, process, and people that are involved in tracking it. After that, we’ll let you know our recommendations on how to improve your accounting system.
Tune-Up: We’ll design and implement best practices on how to manage and report on your financials in QuickBooks. These processes are tailored to your company, complete with documentation unique to you. Don’t have QuickBooks? We can get it set up for you!
Dashboard: Each month, we’ll close your books and give you financials that you can use to manage your business. And we’ll meet to talk about your financials’ Key Performance Indicators that matter to you, sharing trends that we see in how your company is doing.
Growth: Our expertise as fractional CFOs help organizations build budgets and forecasts that embrace growth. Looking to sell your business? We help with the planning and reporting you need to make it happen!
NPS serves as your firm’s fully outsourced accounting and finance department
Your First CFO
Gain insights into your company
- Analyze trends in your company’s key performance indicators on a regular basis.
- Discover your current runway of cash reserves and available capital based on your business expenses.
- Build forecasts that project out financial expectations for revenues, expenses, labor needs, and more.
Part time Controller
Close each month with confidence
- Check that transactions match your bank and credit card accounts properly (or notice when they don’t!).
- Provide a tailored management report that includes the three financial reports that are the backbone of any company.
- Prepare for the annual tax season with insights for your CPA’s financial review.
Outsourced Accounting
Stay on top of your cash flow
- Handle client invoicing and stay on top of outstanding balances with customer collections efforts.
- Manage trust fund accounting closely to stay in compliance, mitigate risk, and build client confidence.
- Verify payroll transactions are posted properly across wages, taxes, and benefits.
We’re hired by attorneys who have grown a well-oiled law firm, but are drowning in a sea of financial minutiae.
Together we take away the stress over cashflow by focusing on exactly the nuggets of information they need to make smart business decisions that grow the bottom line, increase their own compensation and give them more time freedom.
Schedule a Free Consultation
Free Resources To Help You Calibrate
Accounting System Check-Up
Answer some questions about how you manage money coming in and out of your organization, and NPS can share feedback and best practices!
Financial Ratio Dashboard
Share high level info from your financial statements, and NPS will provide a dashboard with financial ratios that will be key performance indicators!
How We’ve Nurtured Client Success
Uncovering project-specific
profitability
A government contractor servicing the healthcare industry wanted to know her wrap rate to build confidence that she was bidding competitively in her proposals without eroding margins. By assessing her cost of labor using payroll and timekeeping details, NPS helped build visibility into her project profitability and utilization to better manage both her sales process and her people.
Anticipating labor cost
fluctuations
A high-end website development firm frequently felt the crunch of needing to hire rapidly when projects surged, along with the payroll expenses that came along with that, well before invoices could go out the door. We developed a project forecasting tool that listed labor needs and associated costs so that he and his team knew how much cash they needed and when they needed it before they even began looking for talent.
Forecasting cash out for
subcontractors
A tax credit specialist specializing in the quick service restaurant industry subcontracted another firm to help clients nationwide to take advantage of the Employee Retention Tax Credit. But due to delays in IRS payments, clients were slow to pay invoices. By projecting collections from all revenue streams, we helped the client remain current with their subcontractor, while still funding higher taxes and owners’ distributions.
What Our Clients Are Saying
Norman Professional Services
NPS is proud to remotely serve small businesses across the United States with outsourced CFO, financial analysis and tracking, and outsourced accounting services. If you think we may be a good fit to help your organizations's goals or if you'd like to learn more, please fill out our contact form or contact us via any of our communication channels below.
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