Business owners typically thrive in one of several roles such as sales, operations, or product innovation. Back office accounting is typically not one of those core competencies.
Yet have you noticed when your accounting work suffers, the inefficiencies impact the important part of the business? Sometimes it makes sense to have an outside set of eyes look at your existing system and procedures. These one-time projects go a long way in not only helping to optimize your accounting, but also to optimize your business.
No matter how good you get you can always get better, and that’s the exciting part.
Tiger Woods
Examples of Optimized Accounting Solutions
- Initial accounting system design and implementation
- Software training
- Accounting system cleanup
- Troubleshooting inventory and cost of goods sold issues
- Real world flow vs. software flow for accounting processes
- Revising and streamlining financial reporting and daily flash reports
- Serving as a temporary critical-thinking accountant
Business Scenario: Eliminate Your Accounting Frustrations
Meet Joe. Joe owns a manufacturing company that is growing. Sales are exceeding expectations every year, and growth is almost too fast to plan for. From the outside, Joe’s company is doing well, constantly adding new customers.
But the back office is a mess. There is only one bookkeeper, who is overwhelmed with recording daily entries and is not caught up. It is March and Joe still doesn’t have year-end financials from December. There are also cash flow issues, which confuse Joe.
Joe is a good candidate for an Optimized Accounting Solution to not only clean up the existing mess but make process enhancements so Joe’s back office can continue to support his growing business.
Optimized CFO & Controller Services steps in to help get Joe’s back office cleaned up. Rebecca designs better processes for Joe’s bookkeeper to follow. She is now caught up with the financials, and is able to provide month-end statements to Joe within 10 days of month-end.