Accounting Services of Maine, LLC was founded in 1997 by Rachel Grivois, CPA. The target market is small and mid-size businesses needing advanced financial administration capacity. The mission of the organization is to provide CFO and controller services to stabilize and grow businesses. The ideal client is one who may not need or cannot afford a full-time CFO staff, or one who is in a business turnaround situation and needs CFO capacity to assist the management team.
The importance of understanding the financial condition of the organization is paramount in making the right decisions for growth and sustainability. Accounting Services of Maine, LLC provides the financial analysis needed to understand the overall health of the organization including scrutinizing business segments for contributing factors.
Accounting Services of Maine has helped many businesses at various stages of growth and development. It has been an integral part of reaching key decisions by answering questions such as:
- Why are we not able to recognize a profit while we have the same or better pricing than our competitors?
- How can we tell if each product line is making a profit and positively contributing to the bottom line?
- What types of cost should we consider when pricing products or services?
- How do we create a budget that is meaningful and adequately reflects what we plan to accomplish for the upcoming year?
- What do we need to do to successfully obtain bank financing?
- Is our accounting system adequate to capture our business and provide meaningful reports to support informed management decisions.
- We need to understand how key variables will affect our business outcomes now and over the next 5 years. Can we build a forecast to demonstrate outcomes to help us analyze key areas of our business?
- What does our business look like if we provide a new line of products (or services)? Do we need additional staffing? Is the expansion even possible? Is financing an option?
- Can our business survive if we keep providing the same services (or products) without expanding?
Accounting Services of Maine, LLC is a mentor for business owners and managers: an extension to the management team bringing specialized knowledge. With well-rounded business acumen, ASM provides owners and managers assistance in navigating financial, operating and marketing concerns.