About Us:
What We Do
Our Goal:
To use the organization’s accounting system and data to make informed operating and financial decisions; this, in turn, will efficiently drive growth and profitability.
What We Do
Professional Management of Financial Functions:
The Right Answer specializes in professional management of accounting, finance, and administrative matters. We focus on using financial information to assist you in properly managing and controlling your business by acting in an advisory capacity.
We are a combination of small entrepreneurial businesses working together. We’re designed to accumulate, classify, and interpret information to assist and guide you in meeting business and personal objectives. In addition, we have access to other professionals in their fields to assist in administrative staff matters and offer advice on business issues in their areas of expertise.
Our concept is based on 36 years of experience in managing businesses, including financial and administrative functions, interacting with creditors, lenders, bankers, attorneys, tax preparers, insurers, IT providers, HR, sales, marketing, and technical professionals. We have developed a network of professionals from these interactions to assist in all financial and administrative aspects of running a business.
The model for The Right Answer is one that has been developed and redefined over the course of 17 years that took a small, international manufacturer from a start-up business to 10 years of uninterrupted profitability and financed operations through internally generated cash.
Services can be purchased individually or combined in a package. You can begin with basic recording of transactions with bookkeeping, elect analytical help in making a business decision, such as lease versus buy, or choose to have a turnkey, outsourced accounting and finance organization that fits the size and complexity of your business.
Internally focused on Business Issues:
The Right Answer is management accounting focused on the problems that occur routinely, by using a systematic, organized accounting system.
The need to solve problems occurs daily and managing the business requires discussions of issues and answers on a regular basis. However, the best way to deal with problems is to prevent them from happening in the first place.
Prevention can begin by having a plan, a direction for a business, an ultimate goal or objective and developing activities required to achieve those goals, combined with periodic reviews to stay on track. As a result, The Right Answer believes in establishing routine discussions of business performance opposite of the business plan.
We organize periodic reviews, which direct attention to problems and enable us to discuss choosing the best solution among competing alternatives. Many small businesses simply need organizing. Once the business is organized, the business owner will gain control and cost savings through increased effectiveness and productivity. All of this will lead to greater profitability and improved solvency.
The Right Answer can organize and systematize your business by developing repeatable processes and procedures, which operate on fixed schedules. Employees are motivated and at their best when they know they are well managed, management is organized, and that the business is in control. For the owner, it means gaining control not only of the business, but also of his or her life.
Simple:
We apply a simple, old school approach that uses the best management practices of larger companies, tailored to the small business and managed by exception.
Our approach allows your business to be reduced to its essentials, explained and interpreted in common sense, understandable language that is applicable to the specifics of your business. We avoid excessive use of accounting and financial terms or management jargon.
Cost Effective – Value Added:
The Right Answer is cost effective and adds value to your organization by:
- Optimizing accounting, financial, and administrative costs and reducing overall expenditures
- Enhancing productivity and profitability
- Increasing cash flow
- Organizing the proper mix of experts in specific fields on an as need basis
- Utilizing outside help in their most cost effective and productive manner
- Implementing value enhancing programs, such as a collections process and routine performance evaluation, which results in changes to the business in a timely manner
- Improving quality of advice and assistance in making decisions
- Eliminating the need for extensive and time consuming dealings with lenders, insurance auditors, taxing authorities, and other users of accounting and financial information