A premier business banking consulting firm, McDermott Financial Solutions provides "best-in-class" services to:
McDermott Financial Solutions provides relationship-based, financial consulting services where our clients can receive independent guidance from a 35-year banking veteran. We develop a financial game plan that helps your company achieve its goals for growth and profitability.
In this environment of banking regulations and economic uncertainty, your clients need an experienced, independent banker to help navigate the tight credit market. We can help your clients spot trends in their finances and identify solutions that allow them to reach maximum profitability.
When you first start your business and begin recording business transactions, you must decide whether to use cash basis or accrual basis accounting. The big difference is in how you record your cash transactions. Many people use cash basis...Read more
There seems to be a lot of business acquisition activity in the marketplace right now. I have several clients that are in various stages of this process. Depending on whether you're on the buy side or the sell side, here are three ways the acquisition can get...Read more
Bankerese is a language understood by bankers, but is a foreign language to most business owners. Communication is happening, but the business owner doesn't understand what's being said or the implications it has for his or her business. Often, we...Read more