5 Step Process

Our 5 step method helps define, develop, and achieve your goals.


step 1 - Goal DEvelopment and roadmap

We start with reviewing and understanding your business, including:

  • Industry

  • Business drivers

  • Business goals

  • Business concerns

  • Immediate needs & priorities

We use this information to develop a roadmap to ensure the information collected and created by the eXtracc finance and accounting team supports your goals and enables you to achieve results.


step 2 - information and process validation

We then roll up our sleeves and do a thorough evaluationof your information and processes to:

  • Understand existing team’s capabilities and skillsets

  • Review existing information and structure

  • Perform data clean up when necessary

  • Validate processes and implement new processes where necessary

  • Refine how eXtracc integrates and augments with existing team

This ensures your business has the foundation for timely and accurate reporting.


step 3 - day - to - day accounting

With good people, processes, and technology, we support all levels of ongoing day-to-day accounting functions, including;

  • Invoicing, collections, and AR management

  • Bill entry, processing, and AP management

  • Bank/credit card date entry and reconciliations

  • Inventory process development and setup

  • Payroll processing

  • Operational processes and workflow documentation

  • Monthly close process

  • Staff mentoring and supervision of work

Basically, we help pay the bills, collect revenue, and ensure accurate information.



To enable you to make sound decisions, we provide timely and accurate financial statements that may include:

  • Profit and loss statement, balance sheet, and cash flow statement

  • Monthly management report

  • Aging report

  • Bank covenant requirements

  • Board meeting support

This gives you the information to better understand your business and identify issues in a timely manner.



Beyond standard reporting, we can provide business modeling and financial analysis to help you achieve your goals by providing actionable, measurable data, including:

  • Utilization analysis

  • Annual budgeting

  • Breakeven analysis

  • Client profitability

  • Margin analysis

  • Business specific KPIs

We help clients create tremendous value utilizing these tools.