Industries

 
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Interior Design

Interior Design accounting is unique. The industry is complex with money flying in the door for purchases, purchase order payments being processed, client reimbursables charged on multiple credit cards and deciding when an item goes from work in progress to your income statement. That is just to name a few!

Here at New Age Financial we know the design business and we can help track your financials correctly. Most designers would benefit from using Studio Designer which allows you to present information to clients neatly, while keeping the accounting accurate. Studio works by item. Yes, by item. Every single item that is sold to a client can be seen, by attaching a picture and simultaneously seeing the client and vendor payment.

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Hospitality

One of the most important aspects of hospitality accounting is to know your profit margins. With smaller margins than most industries, a few dollars goes a long way in the hospitality business. Cutting your Cost of Goods Sold from 27% to 26% percent, can mean big bucks.

The volume is high, the transactions are daily and cash flow is key. Implementing and adhering to a budget is helpful. Having accurate inventory numbers is a must. Having a knowledgeable accounting personnel post accurate transactions is critical. We can streamline your processes for day to day accounting and provide high level CFO reports to investors and owners.

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Virtual CFO Services

Many organizations would benefit from the oversight of a seasoned Chief Financial Officer but can not afford the full-time salary. We quickly get our team up to speed with your organization's financial situation and make data-informed recommendations. Hire us to prepare your next year’s fiscal budget or to oversee your third party audit.