On Call Music Retail Consulting

THE PROBLEMS

Do these questions sound familiar?

• "Why is my cash flow getting so tight? I can't pay any of my important vendors, I'm barely covering payroll, and who knows when I can pay myself."
• "Why is there so much inventory laying around here? I thought I was going to sell all these guitars, amps and keyboards over the holidays; now I have to blow them out. Am I making any profit on this stuff ?"
• "Are these band and orchestra instruments for sale, or available for rental? My computer can't tell me, and I don't know if I'm making any money on them either way. Can't someone tell me how to account for these things? "
• "I'm sick and tired of tracking this stuff by hand; why won't my computer software do it for me without spending the rest of career trying to figure it out? Can't anyone give me some guidance? "
• "What do you mean I owe the government taxes? That's impossible! I have no cash! "

THE SOLUTION

We at Friedman, Kannenberg & Company, P.C., an independent Certified Public Accounting firm, now provide specific and on-demand consulting services to music instrument and product retailers via our new "On-Call Music CPA" consulting service.


A NEW (AND NEEDED) SERVICE

Because of the unique nature of the music instrument and product industry, today's average music store dealer needs to be well versed in a host of financial and operational matters, including inventory management, instrument rental programs, computer-based accounting systems, asset financing, cash management, taxation and new technologies (barcoding, e-commerce, etc.) to name a few.

To employ personnel with each of these areas of discipline is cost prohibitive, and to frequently rely on outside consultants can sometimes turn out to be equally as costly. Given the urgent need for this guidance, as well as our passion for and expertise in the music retailing industry, we now offer an "on-call" consulting service. This service is specifically designed for music retailers who do not need or cannot afford our more comprehensive 2-day on-site consulting service.


ON-CALL MUSIC CPA

Our new music retailer consulting service is called "On-Call Music CPA." This service allows us to personally assist you with any of your questions on an as-needed or "on-call" basis, via the telephone. Furthermore, by utilizing fax, e-mail, overnight mail or internet technology to send us any pertinent documents and data files, we can review financial information and render the timely and accurate advice you need, as if we were meeting face-to-face.


THE ANSWERS YOU NEED

Whether we review your financial statements to analyze sales trends, gross profit margins or inventory turns, or discuss your store's product mix, purchasing policies, inventory financing options, sales commission structure, or any other pertinent issue affecting your store's cash flow and profitability, we will be in contact and available to you within a couple days or less to give you the answers you need.


HOW DOES IT WORK?

This specialized service entitles you to purchase our consulting services in blocks of two (2) hours ($500) or four (4) hours ($800). The time can be used at any time throughout the year. For relatively few dollars, you will have an independent CPA firm, possessing extensive accounting, tax, computer, music product and retailing experience as a member of your management team.

Click Here to see and download The On Call Music Consulting Service Agreement