Minot Consulting LLC, Services

We Let Creatives Be Creative By Allowing Them to Concentrate on What They Do Best

Minot Consulting provides proven financial and operational guidance to advertising agencies, in-house marcom groups, and software development companies. From system review and implementation to filling outsourced CFO and Controller roles, we provide a broad spectrum of services including:

Operations/Accounting/Finance:

Evaluation and reconciliation of existing accounting issues and discrepancies
Development of financial reporting process and procedures
Development of monthly close processes and ensuring that related records/data are in place
Development of a monthly reporting package along with data needed for further review
Evaluation and training of accounting staff
Evaluation of client profitability, staff productivity, and industry comparative analysis
Proposal and estimate guidelines to achieve profitability
Development and management of budgets/forecasts and financial plans
Reconciliation and evaluation of financial statements
Management of investments, cash flow, and banking relationships
Audit prep and management of resources to ensure accurate and on-time results
Oversight of implemented systems and periodic reviews

M&A - Financial Consulting:
Experience in both the buy and sell sides of the acquisition process working to ensure that accurate deal related accounting is completed and that the correct financial team and systems are in place to manage process and reporting needs moving forward.

Discovery:

Review of current accounting setup, data, and reporting
Review of existing systems, org setup, workflow, and training documentation
Establish rapport with internal staff and external resources (CPA, Legal, Private Equity, Investment Bank)
Facilitate the due diligence process of data and records

Accounting Reconciliation:

Review deal-related records
Work with the team to define status, open issues, and priorities
Entity/GL setup and reporting needs moving forward
Valuation
Revenue Recognition (ASC 606)
Opening balances
Goodwill/intangibles
Stock options pricing
Capital accounts
Lender agreements, covenants and reporting protocols
Tax exposure
Manage team to work through open issues and complete deal-related accounting

Financial Setup:

Ensure optimal accounting setup for tracking and reporting
Ensure that monthly close processes and related records/data are in place
Ensure that a monthly reporting package is in place
Facilitate initial post M&A annual audit and set protocols for subsequent years
Prepare finance team, systems and process for growth

Workamajig Implementation & Optimization:

Implementation, documentation and training on Workamajig - the creative industry's leader in web-based integrated project management software
Needs analysis and definition of Workamajig functional priorities
Development and implementation of migration plans
System design and setup
Development of workflow plans, staff profiles, evaluations and training
Implementation of best practices for account, production, and traffic
Custom report setup and documentation