As a small business owner, you know how important it is to keep your finances in order, but hiring a qualified CPA can be expensive and you risk hiring someone who overcharges you for work or lacks the necessary experience and understanding of the financial needs of small businesses. Using QuickBooks and other technology, I can provide services on a virtual or remote basis.
My goal is to help small businesses realize their full potential by making their financial priorities my own. My mission is to help small businesses organize their finances and make financially responsible decisions so they can achieve success. I am Michael Sordillo, a licensed CPA (NC #21826) with years of experience and aptitude in bookkeeping, accounting, and finance on an "as needed" basis.
My goal is to help small businesses realize their full potential by making their financial priorities my own. My mission is to help small businesses organize their finances and make financially responsible decisions so they can achieve success. I am Michael Sordillo, a licensed CPA (NC #21826) with years of experience and aptitude in bookkeeping, accounting, and finance on an "as needed" basis.
Services
Over the past decade or so, outsourcing the bookkeeping function of many small businesses became popular and small business owners saw savings in payroll and overhead, among other areas.
Some large national bookkeeping firms emerged, offering the benefit of leveraging well experienced CEO's, CFO and Marketing Guru's, however, many of the clients of these large bookkeeping firms have asset-based borrowing arrangements, due to seasonal products, service-based business or other factors, and end up incurring higher costs, either with the bookkeeping service or through hidden costs with their lender.
Some large national bookkeeping firms emerged, offering the benefit of leveraging well experienced CEO's, CFO and Marketing Guru's, however, many of the clients of these large bookkeeping firms have asset-based borrowing arrangements, due to seasonal products, service-based business or other factors, and end up incurring higher costs, either with the bookkeeping service or through hidden costs with their lender.
Asset Based Loans (ABL) are commercial loans or revolving lines of credit with overall credit limits, but also have further limits, based on the qualifying collateral value of certain assets (eligible collateral value). Asset Based Loans are a financing tool that enables lenders to provide financing to companies to which it might not otherwise be able to provide financing.
That's why it's important to find an experienced and knowledgeable CPA who will take the time to understand your business and your goals, and find the perfect balance to keep your finances afloat. After over 25 years of working in a variety of financial positions, including business valuations, forensic auditing, asset based lending, and even beginning in small business accounting, I've found my passion is helping small businesses.
How well is your small business keeping track of its finances? Tracking invoices, daily transactions, bills, taxes, and payroll can be a daunting task, especially for busy companies that don't always have the time to dedicate to regular bookkeeping tasks. I'm here to help your small business become financially responsible and successful through dedicated bookkeeping services.
Asset based lending (ABL) is a form of lending which is both secured and monitored, because the assets which serve as your collateral must be valued and monitored to ensure they maintain that value. If your small business or startup doesn't properly monitor or report to your asset based lender, you risk losing the loan and potentially your company.
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