Accquip

What risks would you to take to ensure your agency survives? 🤔

If you could predict the exact date your business would run out of cash, would you be willing to take those risks?

Too many digital agencies play it safe and unwittingly contribute to their business’ stagnating decline 😖

The culprit?

👉A lack of financial clarity and foresight👈

💸What are your gross margins vs what should they be?
💸How many days until you go bankrupt?
💸Which projects were wildly profitable and which ones tanked?
💸What is the #1 priority in your business right now?
💸When should you hire your next employee?
💸How much should you budget for sales & marketing?

☝️These are questions that give you clarity to keep you from stagnating.

They are also the types of questions we answer with you on a weekly and monthly basis.

If you're sick of the complete lack of responsiveness from your current accountant, it’s time to switch.

We work with software dev agencies, design agencies, marketing agencies, and other digital agencies who have reached $500k+ in annual revenues. 

Bootstrapping requires a responsive finance partner with experience in this space, as your cashflow situation is likely to change on a weekly basis.

Working with Accquip, you'll know the exact date your business will run out of cash 📅

We'll work together weekly to strategize the actions you need to take to ensure you stay properly capitalized and running for the foreseeable future.

We'll also work on retrospectively analyzing project profitability so you know which clients and projects to pursue in the future (and which to avoid at all costs).

We're a full-service shop, so we take care of the BORING but important financial aspects in your software business:

👉Payroll & payroll tax compliance
👉Accounting & bookkeeping
👉Client billings
👉Budgeting

DM me to learn more.

Founder

The DevLaunch Podcast

Podcast Host

Tax-Minded

Tax-Minded is an exclusive community of finance professionals committed to advancing the practice of tax. 

Here, tax pros become tax bros, sharing knowledge, offering mutual support, and growing together. All the positives of public accounting without the burnout and office drama

Whether you're seeking expertise or camaraderie, you'll find a space that feels like a team of co-workers and friends, all focused on helping you excel in your career.

Versique Search & Consulting

Director Of Accounting

Salo

Finance Consultant

C.H. Robinson

-Led a team of four corporate accountants and managed the global intercompany network of over 30 accountants worldwide.
-Developed and implemented a standard intercompany accounting process, including the creation of video learning content to educate users on how to reconcile intercompany, the institution of a standard 
monthly calendar cycle and monthly newsletter, and the establishment of global KPIs
-Spearheaded the development of a comprehensive global intercompany policy, gathering industry best-practices through continuing education courses and interviews with finance professionals from other 
organizations, organizing a cross-functional committee of key stakeholders within C.H. Robinson’s finance functions, and publishing the policy on time
-Administered global account reconciliation SOX program (utilizing BlackLine), conducting periodic training events for end users, establishing alternative review procedures for auto-reconciled balances, and leading a team to provide general support services for end users
-Facilitated the global implementation of the Oracle Account Reconciliation Cloud Service (ARCS) tool, developing standard corporate training materials, conducting both train-the-trainer and end user trainings, coordinating project timelines and communications, and determining the policies that inform 
the technical setup of the ARCS environment
-Performed monthly close processes surrounding ASC 606 revenue recognition

Corporate Accounting Manager

Salo LLC

Salo, LLC is the leader in driving business outcomes by leveraging talent in finance, accounting and human resources; as well as finance and accounting search services. Our award-winning firm is among the fastest-growing contract staffing companies in the country with offices in Minneapolis-St. Paul and Chicago.

To learn more about the Compass Program, please visit: http://salollc.com/finance-job-placement/compass-program/

Compass Program Member

Grant Thornton LLP

Audit Senior Associate

Wilson Aesthetics, LLC

For my part as Co-Owner, I took an active role in reviewing accounting records for completeness & accuracy, aided in the preparation of taxes, developed the pricing of photography packages, and established the company budget.

Co-Owner

Accounting Intern

Fractional CFO & Business Coach to AMBITIOUS software dev agency owners | Build your dream business without selling your soul to VCs | I offer a course for beginners to learn DIY bookkeeping | 😎 Girl dad

Digital agencies are brutal 😩




What other business deals with as many feast & famine cycles?

🙅‍♂️None🙅‍♂️

It is an easy model to start…
…but requires balls of steel to endure.


Here are THREE questions to ponder:

1️⃣ Does my accountant know how to keep me in the game?

2️⃣ Are they giving me the advice I need to grow without dying of revenue indigestion?

3️⃣ Have they helped me plan my exit?



Be real with yourself.

If you answered “no” to all three…
you’re playing with fire. 🔥 

Agency work is tough as it is.

Get the right advisor in your corner.


There is a light at the end of this tunnel.

It’s up to you whether it’s
blue sunny skies ☀️ 
or a train 🚂 

Tony Wilson, CPA, CMA

Veloce Capital

Vice President of Finance and Compliance

Cardinal Financial Consulting

Managing Director

The Fund School

Co-Founder

MG Stover & Co.

Working with Crypto Hedge Funds, hedge funds and fund of funds.

Accounting Manager - Hedge Funds

State Street

I spent 13 months in the Private Equity Real Assets group at State Street where I gained experience in Private Equity/Real Estate, Investran, and waterfall calculations.

- I onboarded and managed over 10 Private Equity and Real Estate Funds and related feeders and 
  lending/borrowing entities.  I created and managed the initial fund workpaper packages and created 
  reporting in Report Wizard.

- Managed a  group of accountants, worked with them to try an achieve the goals set out for them, and 
  teaching them the processes to effectively complete the duties requested.

- Calculated and reviewed borrowing documents for the related funds, quarterly financial statements, and waterfall calculations (Total Return and Deal By Deal).

Vice President - Private Equity/Real Estate

ACP Investment Group

A small PE firm originally independent from NYPPEX but reorganized under the parent company NYPPEX.

Value multiple PE portfolio's on a quarterly basis.

Work on audit and financial reporting for past due audits.

Work on investor service requests.

Verify custody of positions

Senior Vice President - Controller - Private Equity

NYPPEX Private Markets

Prepare the books and records for multiple companies and consolidate them for financial purposes.

Work on the Broker/Dealer books and records and work with the FINRA representative for the month end closes 

Maintain cash/accounts payable/receivable, and create a process to avoid risk.

Create financial statements for the multiple entities and create consolidated financials.

Work on budgets - forecasting and historical, identify waste and cut costs.

Create a share record of existing shareholders for "possible" IPO

Identify impropriety.....

Senior Vice President

Morgan Stanley

Act as single point of contact for hedge fund clients and cooperating with the Firm’s offshore operations and clients to resolve daily trade and accounting breaks 

Preparing/reviewing monthly closing procedures and ensuring compliance with established accounting procedures and controls including all fund expenses are accrued timely and in accordance with GAAP 

Performing monthly master-feeder accounting allocations 

Coordinating year-end audit with client and independent auditors and preparing/reviewing draft annual financial statements.

Account Manager

Citi

Accounting Supervisor

Review daily/weekly/monthly accounting packages (NAV), estimates, tax, financial statements, and other ad hoc reports due out to the client.

Manage staff, seniors, and supervisors on the related hedge funds and fund of funds, coordinate with other supervisors in order to create a balanced work schedule.

Create standard operating procedures (SAS 70), checklists, training for monthly processes such as NAV packages and complex allocations. 

Manage relationships with the client, auditors, brokers, and internal teams such as investor services, tax, and financial statement groups.

Interviewed/hired prospective employees and perform written and verbally reviewed staff under my management on a quarterly/annual basis.

Engaged in many successful audits and financial statement releases by creating supporting schedules, and managing the information.  Reviewed financial statements, footnotes, and schedules in order to provide an accurate package to present to the auditors.

Investor Services - Global Transfer Agency Platfo  Allocations Integration

Joined a project team as the global business lead for fund accounting that created a global transfer agent platform with an integrated allocation platform with complex management and incentive fee structures.

Create business requirement documents and other ad hoc reports in relation to the project, create test scripts for the group to follow when testing the product or multiple funds for proof of concept.

Run focus groups within the multiple locations in order to gather all of the appropriate information for the project.  Work with IT group to implement project phases.

Special Projects

Run a forensic accounting project on a bank account with little controls.  Design controls and create a report on the different possibilities of fraud.

Create an independent report on the private equity fund allocations process, trace back and recreate the process, and add recommendations to create a leaner process.

Supervisor

I am here to solve problems in the alternative investment space.  

Set up a call and find out

https://calendly.com/ryanyates/30min

taplio

The Battle

Tony Wilson, CPA, CMA

Ryan Yates

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