Management consulting
Small business consulting in Columbia City, Indiana
We meet with business owners in Columbia City and across Whitley County to review their profit and loss statement and balance sheet. Together we find out whether the business is profitable, what is driving the numbers and what to do next.
Who sits down with us
Owners asking if they are making money
Sales are up but the bank balance is not. We find out why.
Owners who prepare their own statements
We review the financial statements you put together and talk through what they show.
Businesses facing a decision
A hire, a big purchase or a price change, looked at with your real numbers.
Owners who want a check-in
A regular meeting to look at how the year is going and get timely advice on business issues.
What to bring to the meeting
- Your most recent profit and loss statement
- Your most recent balance sheet
- Recent bank statements
- Last year's business tax return
- Loan and lease statements
- The decision or question on your mind
Who does the work
Scott Duffitt, Managing Member
Scott has worked in this Columbia City office since 1995 and has owned the firm since 2019. He focuses on individual, business, partnership and estate tax work.
More about ScottHow it works
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Step 1: Bring your numbers
Send or bring your statements ahead of the meeting so we can look them over.
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Step 2: Sit down together
We walk through your P&L and balance sheet line by line and explain what we see.
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Step 3: Leave with next steps
You get a short list of what to change, what to watch and what to ask us next time.
A lot of owners get a profit and loss statement every month and never read past the bottom line. We sit down with you and go through it, along with the balance sheet, until the numbers make sense.
The first question is the simple one: is the business making money? From there we look at what is driving it, which costs have crept up, and where cash is getting tied up.
Scott Duffitt also reviews statements clients prepare themselves and gives advice on the business issues that come up during the year. If a question comes up between meetings, call the office.
Management consulting questions
Do I have to be a bookkeeping or tax client to meet with you?
No. Bring your own statements and we will review them. If your books need work first, we will tell you.
What is the difference between a P&L and a balance sheet?
A profit and loss statement shows what came in and went out over a period. A balance sheet shows what the business owns and owes on one day. You need both to see the full picture.
How often should we meet?
Some owners want a yearly check-in after their return is done. Others meet each quarter. We set it up around your business and how fast things change.
Can you help us get started in QuickBooks?
Yes. Scott Duffitt sets up QuickBooks for clients and trains them on it, so the reports you bring to future meetings are ready to use.
Pair it with year-round help
Budgeting
We go through your P&L and bank statements with you and build a budget aimed at a better bottom line.
See budgeting
Bookkeeping
We record transactions in QuickBooks, reconcile bank and credit card statements and keep depreciation schedules current.
See bookkeeping
Tax planning
Plan ahead so April brings no surprises. We look at your whole year and find what the tax code lets you keep.
See tax planningGet it off your list
Book a time with our Columbia City office, or call and we will fit you in.