Viking Advisory Group

Viking Advisory Group

CFO, Accounting, and Bookkeeping Services For Small and Mid-Sized Businesses. Whether you're looking to start a new business, changing directions, have issues with efficiency or cash flow, we can help.

Operating as usual

07/04/2021
07/03/2021

Sound familiar? Then it may be time to outsource your CFO responsibilities. Contact us today at [email protected] for a free consultation.

#cfoservices #smallbusinesssupport #accountingservices #accountingforsmallbusiness #bookkeepingandaccounting #conroetx #thewoodlandstx #houstontx

Sound familiar? Then it may be time to outsource your CFO responsibilities. Contact us today at [email protected] for a free consultation.

#cfoservices #smallbusinesssupport #accountingservices #accountingforsmallbusiness #bookkeepingandaccounting #conroetx #thewoodlandstx #houstontx

07/02/2021

Sound familiar? Then it may be time to outsource your CFO responsibilities. Contact us today at [email protected] for a free consultation.

#cfoservices #smallbusinesssupport #accountingservices #accountingforsmallbusiness #bookkeepingandaccounting #conroetx #thewoodlandstx #houstontx

Sound familiar? Then it may be time to outsource your CFO responsibilities. Contact us today at [email protected] for a free consultation.

#cfoservices #smallbusinesssupport #accountingservices #accountingforsmallbusiness #bookkeepingandaccounting #conroetx #thewoodlandstx #houstontx

Company Spotlight - Seis GEaR 06/18/2021

Company Spotlight - Seis GEaR

Check out the latest Viking blog, featuring our friends at Seis GEaR. We congratulate their success and look forward to continued growth with them in the future.

#accountingservices #bookkeepingservices #houston #texas

Company Spotlight - Seis GEaR Have you ever thought you could do things better? In 2017, four partners formed a company to provide quality geo equipment repair and to source equipment for end users. What began as a fledgling start-up quickly rose to a thriving business with affiliate companies and a worldwide reach. The partners...

Photos from Viking Advisory Group's post 06/15/2021

Companies outsource many functions in today’s economy, including accounting, payroll, IT, and marketing, among others, but many business owners don’t realize they can outsource their firm’s Finance functions, and the many advantages of doing so.

Outsourcing CFO services gives small firms access to financial experts with a wide range of experiences, who are committed to keeping up with best practices in the field. It gives business owners the flexibility to access that expertise as needed, rather than committing to a full-time in-house resource.

If you have questions about outsourcing your CFO services, contact PK Kvien at [email protected].

#accounting #bookkeeping #smallbusiness #cfoservices #houston #conroetx #thewoodlandstx #sanantonio

06/09/2021

Small business Bookkeeping Advice

#5 Reconcile Bank Statements Regularly and Evaluate Monthly

Do not let your bank statements pile up. Balance them regularly and resolve any discrepancies immediately.

Take a minute to review when they come into make sure there are no unauthorized disbursements. Business bank accounts have tight regulations which restrict the time during which it is feasible to resolve inaccurate electronic transactions or cleared checks.

Build a monthly reporting package that helps you understand the drivers of your business and profitability. Elevate your back office from bookkeeping to management accounting by leveraging your financial statements, management reports and KPIs.

If you need help with organization, reconciliation, or reporting, contact us today.

#bookkeeping #accounting #smallbusiness #conroetx #thewoodlandstx #houston #sanantonio #texas

Small business Bookkeeping Advice

#5 Reconcile Bank Statements Regularly and Evaluate Monthly

Do not let your bank statements pile up. Balance them regularly and resolve any discrepancies immediately.

Take a minute to review when they come into make sure there are no unauthorized disbursements. Business bank accounts have tight regulations which restrict the time during which it is feasible to resolve inaccurate electronic transactions or cleared checks.

Build a monthly reporting package that helps you understand the drivers of your business and profitability. Elevate your back office from bookkeeping to management accounting by leveraging your financial statements, management reports and KPIs.

If you need help with organization, reconciliation, or reporting, contact us today.

#bookkeeping #accounting #smallbusiness #conroetx #thewoodlandstx #houston #sanantonio #texas

06/08/2021

Small Business Bookkeeping Advice

#4 Optimize Your Chart of Accounts

Most businesses have a simple, alphabetical chart of accounts to track expenses for tax and compliance purposes. The best practice, however, is to use your chart of accounts as the foundation of a management accounting tool. to help you keep track of your customer acquisition costs, your break even point and your return on investment for expenses.

Grouping your sales and marketing accounts will help you track cost to acquired a customer, separating your General and Administrative (G&A) expenses will help you see what it costs just to keep the lights on, and Product or Industry specific expenses show the discretionary costs you can cut in a downturn.

If you need help organizing your books, contact us today.

#smallbusiness #bookkeeping #accounting #quickbooks #conroetx #thewoodlandstx #houstontx #sanantoniotx

Small Business Bookkeeping Advice

#4 Optimize Your Chart of Accounts

Most businesses have a simple, alphabetical chart of accounts to track expenses for tax and compliance purposes. The best practice, however, is to use your chart of accounts as the foundation of a management accounting tool. to help you keep track of your customer acquisition costs, your break even point and your return on investment for expenses.

Grouping your sales and marketing accounts will help you track cost to acquired a customer, separating your General and Administrative (G&A) expenses will help you see what it costs just to keep the lights on, and Product or Industry specific expenses show the discretionary costs you can cut in a downturn.

If you need help organizing your books, contact us today.

#smallbusiness #bookkeeping #accounting #quickbooks #conroetx #thewoodlandstx #houstontx #sanantoniotx

06/07/2021

Small Business Bookkeeping Advice

#3 Determine Which Accounting Method You Will Use

There are two standard systems of accounting you can use for your business, cash basis accounting and accrual accounting. Cash accounting records transactions at the time cash actually changes hands and is usually only recommended for businesses which do business strictly in cash payments.

The accrual method uses the matching principle to record revenues and expenses in the period they occur, regardless of when payments are made or received. The accrual method can be a bit more complicated, but is usually the best choice for any business which will be invoicing clients.

Another acceptable option is modified cash basis, which is between cash and accrual. Modified cash basis means you are on cash basis except you record bills in Accounts payable and you send out invoices to clients which means you have Accounts Receivable on the books.

You should determine which system is appropriate for your business before you conduct your first transaction.

If you have questions about setting up your books, contact us today.

#smallbusiness #smallbusinesstips #bookkeeping #bookkeepingservice #accounting #accountingservices #conroetx #thewoodlandstx #houstontx #sanantoniotx

Small Business Bookkeeping Advice

#3 Determine Which Accounting Method You Will Use

There are two standard systems of accounting you can use for your business, cash basis accounting and accrual accounting. Cash accounting records transactions at the time cash actually changes hands and is usually only recommended for businesses which do business strictly in cash payments.

The accrual method uses the matching principle to record revenues and expenses in the period they occur, regardless of when payments are made or received. The accrual method can be a bit more complicated, but is usually the best choice for any business which will be invoicing clients.

Another acceptable option is modified cash basis, which is between cash and accrual. Modified cash basis means you are on cash basis except you record bills in Accounts payable and you send out invoices to clients which means you have Accounts Receivable on the books.

You should determine which system is appropriate for your business before you conduct your first transaction.

If you have questions about setting up your books, contact us today.

#smallbusiness #smallbusinesstips #bookkeeping #bookkeepingservice #accounting #accountingservices #conroetx #thewoodlandstx #houstontx #sanantoniotx

06/05/2021

Small Business Bookkeeping Advice

#2 Establish Internal Controls

You should establish internal controls in your company's bookkeeping policies and procedures to reduce the risk of fraud. This includes dual control for processes which involve making or receiving payments of any kind. For example, you should have one employee write the check and another reconcile the bank account and a third sign to authorize the payment.

Regarding internal controls, the person who opens the mail, shouldn’t be the same person who is responsible for accounting functions.

The person who opens the mail should keep track of checks in a physical paper log of what checks were received and when. The checks should be handed over to the bookkeeper or accountant with a copy of the list. This covers both the person who opened the mail, and the bookkeeper or accountant.

Need help setting up internal control processes? Contact us today.

#bookkeepingservices #accountingservices #smallbusiness #conroetx #thewoodlandstx #houstontx #sanantoniotx

Small Business Bookkeeping Advice

#2 Establish Internal Controls

You should establish internal controls in your company's bookkeeping policies and procedures to reduce the risk of fraud. This includes dual control for processes which involve making or receiving payments of any kind. For example, you should have one employee write the check and another reconcile the bank account and a third sign to authorize the payment.

Regarding internal controls, the person who opens the mail, shouldn’t be the same person who is responsible for accounting functions.

The person who opens the mail should keep track of checks in a physical paper log of what checks were received and when. The checks should be handed over to the bookkeeper or accountant with a copy of the list. This covers both the person who opened the mail, and the bookkeeper or accountant.

Need help setting up internal control processes? Contact us today.

#bookkeepingservices #accountingservices #smallbusiness #conroetx #thewoodlandstx #houstontx #sanantoniotx

06/04/2021

Small Business Bookkeeping Advice

#1 Keep Your Personal and Business Finances Completely Separate

Ensure you, or your employees, are not buying things for personal use with business funds. If funds are not accurately allocated, it will quickly cause cash flow issues, as well as tax filing and auditing complications. You may also suffer legal consequences where you lose the “limited liability” if you pierce the corporate veil by commingling personal and business financiers.

If you have a small business, then you likely handle all of the purchases and payments yourself. Even though you might be the only person accessing funds, you should always keep your personal and business finances completely separate.

Open up separate bank accounts and credit cards for your business. Not only will this be immensely helpful come tax time, it will also prevent you from accidentally forgetting that the ream of paper you purchased was actually for home use.

For help organizing your small business bookkeeping, contact us today.

#smallbusiness #bookkeepingservices #businessowners #conroetx #thewoodlandstx #houstontx #sanantoniotx

Small Business Bookkeeping Advice

#1 Keep Your Personal and Business Finances Completely Separate

Ensure you, or your employees, are not buying things for personal use with business funds. If funds are not accurately allocated, it will quickly cause cash flow issues, as well as tax filing and auditing complications. You may also suffer legal consequences where you lose the “limited liability” if you pierce the corporate veil by commingling personal and business financiers.

If you have a small business, then you likely handle all of the purchases and payments yourself. Even though you might be the only person accessing funds, you should always keep your personal and business finances completely separate.

Open up separate bank accounts and credit cards for your business. Not only will this be immensely helpful come tax time, it will also prevent you from accidentally forgetting that the ream of paper you purchased was actually for home use.

For help organizing your small business bookkeeping, contact us today.

#smallbusiness #bookkeepingservices #businessowners #conroetx #thewoodlandstx #houstontx #sanantoniotx

06/02/2021

Summer Accounting Tips For Small Business Owners

#2 consider a Professional Accounting Team

There is no doubt that an experienced accountant can help you maximize your profits and improve future results for your company. Small business owners often follow a do-it-yourself approach to these tasks. So, stress levels can go up if you are trying to manage everything on your own. There is no reason that you need to carry the burden without the support of an experienced team, and right now might be the perfect opportunity to explore your options.

Bringing in an accountant can help you analyze your profit and loss reports so that you can look for ways to boost your cash flow. At the same time, consider the areas where you can cut unneeded expenses that are running up your overhead costs.

Are you interested in learning more about how professional accounting services can be beneficial for your company this summer? Then right now is a great time to talk to our team. We specialize in small business accounting services, and we are here to help! Contact us today for a free consultation.

#accountingservices #accountingtips #bookkeepingservices #bookkeepingtips #smallbusinessadvice #houstontx #sanantoniotx

Summer Accounting Tips For Small Business Owners

#2 consider a Professional Accounting Team

There is no doubt that an experienced accountant can help you maximize your profits and improve future results for your company. Small business owners often follow a do-it-yourself approach to these tasks. So, stress levels can go up if you are trying to manage everything on your own. There is no reason that you need to carry the burden without the support of an experienced team, and right now might be the perfect opportunity to explore your options.

Bringing in an accountant can help you analyze your profit and loss reports so that you can look for ways to boost your cash flow. At the same time, consider the areas where you can cut unneeded expenses that are running up your overhead costs.

Are you interested in learning more about how professional accounting services can be beneficial for your company this summer? Then right now is a great time to talk to our team. We specialize in small business accounting services, and we are here to help! Contact us today for a free consultation.

#accountingservices #accountingtips #bookkeepingservices #bookkeepingtips #smallbusinessadvice #houstontx #sanantoniotx

06/01/2021

Summer Accounting Tips For Small Business Owners

#1 Catch Up on Bookkeeping

Do you get caught in the trap of ignoring your bookkeeping until it is time to file tax paperwork? Too often, small business owners get stressed because they are trying to crunch the numbers during a busy time of the year.

If you have extra time available during the summer months, then it can be a great opportunity to get caught up on the busy work that has been neglected. Sort through the paperwork, finish up data entry, and talk to your accountant to see if there is anything else that needs to be addressed. When things are slower, it is the perfect time to implement a new program if you want to make changes.

If you have questions about outsourcing your bookkeeping or accounting tasks, contact us today.

#accountingservices #accountingtips #bookkeepingservices #bookkeepingtips #smallbusinessadvice #houstontx #sanantoniotx

Summer Accounting Tips For Small Business Owners

#1 Catch Up on Bookkeeping

Do you get caught in the trap of ignoring your bookkeeping until it is time to file tax paperwork? Too often, small business owners get stressed because they are trying to crunch the numbers during a busy time of the year.

If you have extra time available during the summer months, then it can be a great opportunity to get caught up on the busy work that has been neglected. Sort through the paperwork, finish up data entry, and talk to your accountant to see if there is anything else that needs to be addressed. When things are slower, it is the perfect time to implement a new program if you want to make changes.

If you have questions about outsourcing your bookkeeping or accounting tasks, contact us today.

#accountingservices #accountingtips #bookkeepingservices #bookkeepingtips #smallbusinessadvice #houstontx #sanantoniotx

About Us

“Our clients range from start-ups establishing their financial records to private and public companies looking to enhance their accounting and financial reporting. When they require assistance with affecting change, managing transitions and improving operational efficiency, they call us.”

We are entrepreneurial, innovative executives with extensive experience in finance and consulting. Analytical strategists, highly skilled in successfully navigating domestic and multi-national companies, large and small, through periods of accelerated growth & stagnation.

Our experienced team of professionals bring proven processes and procedures to the small business owner driving positive change and enhanced profitability.

Whether you're looking to start a new business, changing directions, have issues with efficiency or cash flow, or considering an exit, sale or transfer of your business, we can help.

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Products

Fractional CFO and Controller
Finance and Accounting Services
Bookkeeping
Capital Raise
Business Valuation
Debt Refinancing
PPP Loan Forgiveness
R&D Tax Credit

Telephone

Address


808 W Dallas Street, Suite E
Conroe, TX
77301

Opening Hours

Monday 09:00 - 17:00
Tuesday 09:00 - 17:00
Wednesday 09:00 - 17:00
Thursday 09:00 - 17:00
Friday 09:00 - 17:00
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