.png)
BUSINESS CONSULTING
Looking for additional capital or experienced team members to support your business? Let HY Financial help you. For small business, we also provide financial reporting and all your back office supports including, corporate documentation, book keeping, licensing and permits.
Business Consulting Services
HY Financial offers a wide range of consulting services to serve a variety of businesses and clients. Whether you’re a small, local business or a multinational corporation, we can help you reach new levels of success. Get in touch with us today to learn more about our services and what our team can do for you.
BOOKKEEPING
-
Accounts Payable
-
Accounts Receivable
-
Month End Close
OFFICE MANAGEMENT
-
Payroll
-
Benefits Administration
-
Basic HR
BUSINESS STRATEGY
-
Financial Modeling and Analysis
-
Inventory Management
-
Strategic Consulting
BOOKKEEPING
We provide business services to both micro and high-volume companies. We will record, code, and reconcile monthly transactions for you and you will get an email summary
Services Details:
Regular Services:
-
QuickBooks Training
-
1099 Processing
-
Budget Planner
Accounting Services:
-
Cash Flow analysis
-
Advanced Journal Entries
-
Forecasting Sales
Advantages:
-
Better measurement of spending, allowing for better cash management
-
Real-time access to account balances including credit cards, credit lines, and bank accounts
-
Precise, concise transaction detail for financial statement preparation
-
Reduced time required for tax preparation
OFFICE MANAGEMENT
Considering the diversity of duties, someone holding an office manager position needs to be detail-oriented and ready to implement processes and stick to them.
Services Details:
Administration Services:
-
Database management
-
Client Correspondence
-
Calendar Management
HR Solutions:
-
Performance Management System
-
E-verify and Background Check
-
Interview Process Management
Advantages:
-
Saving money and time on the onboarding and interview process
-
Improving employees working and communication efficiency
BUSINESS MANAGEMENT
Effective business management drives the work of others in order to efficiently run your business and make a profit. This is done in part by analyzing company performance and establishing clear strategies and goals.
Services Details:
-
Financial Modeling and Reporting
-
Line of Credit Applications and Renewals
-
Financial Statements
-
Transition Consulting
-
Cash Reserves
​
Advantages:
-
Monitor costs and revenues
-
Easily view essential reporting
-
Detect unusual transaction
PORTFOLIO OF PROJECTS
We've been helping small business for more than a decade. We can provide our services to a variety of businesses. Below are some examples of the works we’ve done. Please take a look at the selected projects below to gain a better understanding of our board range of services.
​
Helping the AI company grow and scale into an industry powerhouse. Creating an efficient and effective IT as service (ITAAS), streamline the Accounting and Payroll processes, providing internal business infrastructure, and change managment. Building an agile technology commericalization process that will help reach company goals.
7 BILLIARDS
Our preferred approach to partner and to invest in your business. We want to be involved from the beginning. 7 Billiards is an ideal case for us from brainstorm to design to build and finally turning it into a premiere billiards place for pro and armature players in the DC, MD and VA area. We are now part of the limited partners but in addition to lead boardroom discussions, we provide the business with on-going bookkeeping, cash management and financial reporting services for a low fixed fee.
IROCK KARAOKE LOUNGE
iRock is a good example of how we can help turnaround an existing business. When we purchased it in 2014, it had several licensing and operation issues. The business was also in the red. But it was the only karaoke lounge in the area and we saw the potentials. Within a year, we were able to turn the business around, brought in the profit and broke even. A few years later, as other saw the potentials from us, more karaoke lounges opened in the region. Now, facing a new round to competitive landscape, we are back to work.
MED2LAB
Equity investment may not be suitable for all early stage companies. That's why we can also provide debt financing solutions. Once we approve your business plan and after a few rounds of due diligence, we can work with you to find the right solution for you. Med2Lab with proprietary IP uses AI to train medical professionals and students. We were able to fund a portion of its early stage financing using convertible preferred loans.
HZ ACUPUNCTURE
We can manage all aspects of your business, even if you are remote. We worked with the business owners who were looking to relocate to the DC area from Atlanta, GA. We narrowed the potential leases for our client by video conference while we were on site. We prepared the lease, worked with trusted architect on the layout drawings and with contractors to get city permit and oversaw the construction. Finally, we furnished the business to their request so the owners can simply "plug and play" into the new location with ease. In addition, we helped to set up all business related documents and permits, developed and executed an aggressive marketing plan, include design and build out the business website, social media pages, optimize Google Ads Campaign, SEO and other business strategies that allow business to operate from day one with minimum disruption to the practice and income due to the relocation.
FLORENTIJN
Over one fifth of business fail during the first year. For Florentijn, what could of been a Michelin candidate restaurant in the newly developed Wharf district at the heart of DC, had to close its doors due to an unexpected departure of an early investor. This left the business scram for capital in the eleventh hour after having committed to lease and construction timelines. HY Financial came in at this time, although we helped to organize the financials, rebuild the pitch book, hosted a number of due diligence session to negotiate the terms and the operating agreements, even brought on additional investors through our own networks. The new investors fund was not enough to save the business. But during this time, we essentially took over the investor relations and financial officer roles and free up the founder's time to focus on the operations. Had we been part of the team in the beginning, Florentijn could of been better protected and some critical risks could of have been avoided. So please come to us early so we can help you build a sound strategic plan from the beginning. In unfortunate events like closing the business, we can help facilitate that process with your business correspondents, so you will have proper documentation and bookkeeping records for your investors.
ONEONIAN
We all have something larger than life that drives us. OneOnian is an idea that we should all learn or rather unlearn to be who we truly are. The oneness within self. By gaining that understanding, we will inadvertently learn compassion. This will lessen the human suffering by liberating our mind. This is our work outside of work. Let us bring our moral compass to your work. Learn who we are and our life principles through our OneOnian Blog.
Want to join our growing list of successful projects and satisfied clients? Talk to us about your business.