Accounting & Financial Management
Beyond Accounting. Financial Insight for Better Golf Operations.
Account & Financial Management
Built from decades of owning, operating, acquiring, financing, and managing golf facilities throughout the country, our financial management platform combines detailed financial reporting, operational analysis, internal controls, purchasing power, and executive-level guidance to help owners maximize profitability while protecting their investment.
Whether you own a single golf course, private club, municipal facility, or a multi-property portfolio, GreatLIFE delivers the same financial infrastructure used to successfully manage our own operations.
Most accounting firms report what happened.
GreatLIFE helps owners understand why it happened, what it means, and what actions should be taken next.
Financial Reporting That Drives Decisions
Accounting should never stop with producing financial statements.
Our reporting platform transforms financial information into actionable business intelligence by providing detailed, timely, and consistent reporting that allows owners and operators to confidently make informed decisions.
Deliverables Include:
- Monthly Financial Statements
- Department-Level Income Statements
- Detailed General Ledger
- Balance Sheet Reconciliations
- Cash Flow Reporting
- Budget vs. Actual Analysis
- Prior Year Comparisons
- Rolling 12-Month Trend Analysis
- Executive Financial Commentary
- Capital Expenditure Tracking
- Lease Schedule Management
- Lease Accounting & Reporting
- Audit & Tax Return Support
- Fixed Asset Management & Depreciation Schedules
Every report is designed to provide actionable information—not simply numbers.
Measuring What Matters
Revenue alone doesn’t determine success. Our customized KPI dashboards provide visibility into the measurements that matter most.
Golf Operations
Food & Beverage
Golf Course Maintenance
Financial Performance
Benchmarking That Creates Opportunity
Financial statements become significantly more valuable when compared against something meaningful. GreatLIFE benchmarks your operation against:
- Annual Budget
- Prior Year Performance
- Historical Trends
- Comparable Golf Facilities
- Portfolio Performance
- Industry Best Practices
Benchmarking exposes opportunities that often remain hidden when financial statements are reviewed in isolation.
Protecting Owner Assets
Internal Controls Matter
Strong financial reporting begins with strong internal controls.
One overlooked accounting entry…
One improperly configured sales tax code…
One missing inventory count…
One unauthorized payment…
Small weaknesses can create significant financial consequences.
GreatLIFE incorporates preventative and detective controls throughout every financial process to safeguard owner assets while reducing operational risk.
Internal Control Examples:
- Daily Cash Controls
- Bank Reconciliation Reviews
- Segregation of Duties
- Sales Tax Compliance Testing
- Inventory Verification
- Accounts Payable Approval Workflows
- Payroll Controls
- Credit Card Monitoring
- Fixed Asset Tracking
- Fraud Prevention Procedures
- Internal Operational Reviews
Our objective is simple – Protect the investment owners have worked so hard to build.
Expense Management
Every Dollar Matters
Increasing revenue is only half of the profitability equation.
Our team continuously reviews operating expenses throughout every department to ensure spending aligns with ownership’s financial objectives.
We don’t wait until year-end to identify opportunities. We monitor trends throughout the year so management can make adjustments before small issues become significant problems.
Areas of focus include:
- Daily Cash Controls
- Bank Reconciliation Reviews
- Segregation of Duties
- Sales Tax Compliance Testing
- Inventory Verification
- Accounts Payable Approval Workflows
- Payroll Controls
- Credit Card Monitoring
- Fixed Asset Tracking
- Fraud Prevention Procedures
- Internal Operational Reviews
National Purchasing Power
Leverage the Buying Power of GreatLIFE Golf
Clients gain access to purchasing programs typically reserved for much larger ownership groups.
- Turf Equipment
- Golf Cart Fleets
- Irrigation Products
- Chemicals & Fertilizers
- Seed
- Food & Beverage Suppliers
- Merchant Processing
- Point of Sale Systems
- Apparel & Merchandise
- Technology Partners
- Insurance Programs
Lower operating costs. Better vendor relationships. Greater purchasing efficiency.
CFO-Level Strategic Guidance
Our advisory services include:
- Budget Development
- Cash Flow Forecasting
- Debt & Covenant Compliance
- Capital Planning
- Equipment Replacement Planning
- Lease Analysis
- Acquisition Due Diligence
- Financial Modeling
- Board & Ownership Presentations
- Strategic Planning
- Operational Reviews
