Andy Kamphuis
Shareholder, Illinois Market; Vrakas CPAs + Advisors
Vrakas CPAs + Advisors' sole focus is on providing accounting and tax support for privately-held companies in the Midwest. We have significant industry focus in industrial manufacturing, distribution, construction and consumer products. As a shareholder of the firm, I have a keen interest in the rich entrepreneurial ecosystem that is driving the future of these industries.
Questions:
(1) Assisting with product cost accounting to inform better pricing practices
(2) Development of KPI/dashboard reporting on financial metrics
(3) Helping them look around the corner for "what's next" and building scalable financial processes (e.g. financial reporting tools, processes around inventory management, needs for audited financial statements down the road, increased tax complexity, etc.). The more companies build in sound processes in the early days, the easier it is to tackle these items as they evolve.