Providing CFO services and Business Transition Services in Georgia
Cumming, GA CFO
36 Years of Experience
Michigan State University
Certificates & Licenses:
Certified Public Accountant
Certified Construction Industry Financial Professional
Quickbooks Pro Advisor
Greater North Fulton Chamber of Commerce
Cumming - Forsyth Chamber of Commerce
Construction Financial Managment Association
ReSource Commerical Flooring Dealers Network
American Institute of CPA's
Georgia Society of CPA's
Michigan State University Alumni Association
Ernst & Young Alumni
Vistage Trusted Advisor
Contact Tim Mclellan and receive a free Discovery Analysis™
- A confidential meeting with the business owner(s), then interview company staff.
- Look at the company’s financial information and computer systems.
- Benchmark financial information against industry averages.
- Create a confidential report of our findings in The Strategy Gameplan™
Tim has over 28 years of CFO and Controllership experience, at companies ranging in size from $10 million to large Fortune 500 companies. Tim has also established and managed internal audit departments, along with a Big 4 public accounting background. He is both a CPA (Certified Public Accountant) and a CCIFP (Certified Construction Industry Financial Professional).
He has been involved with companies in several industries including commercial construction, wholesale distribution and warehousing, and manufacturers of plastics, building materials, commercial flooring and industrial products. All of these positions involved the supervision of multiple company locations, ranging from 15 - 50 sites. Tim traveled to these remote locations extensively to implement controls and monitor procedures to insure that the locations could be remotely managed.
Tim served for seven years as the CFO of Interface Inc.'s Commercial Flooring Dealer Network. At its peak, the network included 58 company owned locations and 100 plus affiliated dealers. More than 50% of Tim's time was spent on site at dealers improving their operational and financial performance. He currently serves several of these dealers as a B2B CFO® and has also partnered with a software company that has developed a state of the art package for the commercial flooring industry.
Tim has worked with several cash constrained companies to improve accounts receivable collection and customer billing, implement strict controls over inventory and purchasing, optimize accounts payable, monitor all discretionary spending, and train employees regarding the financial consequences of their day to day decisions. He has also developed detail budgets along with multi year financial projections.
He has merger and acquisition experience at both acquired and divested companies. Tim has integrated the accounting function of several acquisitions into multi million dollar companies. This involved the training and upgrading of acquired personnel along with making the existing financial systems both internal and external audit compliant.
He has also set up all accounting functions as part of a divestiture from Fortune 500 companies, including hiring additional staff, establishing new banking relationships, installing new software, and the creation of all employee benefit programs.
Tim's first priority in accounting is to publish user friendly financial data, so that all executive, sales and operations management have a clear picture of the financial performance of the company, along with a strong sense of where the company is headed in the future. Reams and reams of unreadable and inaccurate accounting reports are just a waste of time and trees.
He earned his Bachelor's Degree in Accounting from Michigan State University in 1981 and has been a CPA since passing his exam on the first sitting in 1983. He is a member of the American Institute of CPA's, the Georgia Society of CPA's and the Construction Financial Management Association. Tim has two boys in elementary school that he chauffeurs back and forth to ball games on a regular basis. He has been an Atlanta resident since 1997.
Contact Tim (404) 915-5539
Monthly Services for Flooring Dealers
Work in Process (WIP) Analysis and Review –Review all open jobs on a monthly basis to indentify unusual items in WIP. Discuss identified items with management and make necessary corrections for accurate financial and operational reporting.Assistance and Review with Monthly Sales Commission Calculation. Assure that payments to salespeople are correct, as well as Commission Expense and Commission Accrual. Assistance with designing Commissions Plans and what if analysis.Review all Income Statement accounts each month for unusual transactions. Discuss with management and make corrections where necessary.Review and / or prepare account reconciliations for all Balance Sheet accounts. Make adjustments to General Ledger if required.Review Monthly Sales Tax Calculations and Payments.
Prepare Monthly Financial Statements for Bank, Bonding Company and other 3rd parties as requested. Statements will be prepared by the 15th of the following month.
Provide monthly analytical comments on Operating Results.
Prepare annual budget and quarterly projections.
Income Taxes – Provide tax planning advice to minimized taxes due. Assistance in calculation of quarterly estimated tax payments to the IRS and State.
Assistance with the selection, procurement, and implementation of the following items on an as needed basis:
Computer Hardware Computer Software
Payroll Systems Health Insurance and Benefits
General Insurance Bonding
Banking Relationships Business Financing
Exit Planning – Meeting both Short Term and Long Term Objectives