Merchant CFO Services
Empowering Owners/Partners to effectively manage financial risks through institutional quality books/records that are audit, tax, and compliance ready.
Deliverables
Weekly
Monitor bank/credit card activity
Invoice processing & expense recording
Bi-Weekly
Process payroll through third-party service organization
Monthly
Maintain fixed asset ledger
Reconcile
significant balance sheet accounts bank & credit card accounts
general ledger transactions & prepare journal entries
revenue with practice management platform
Analyze budget to actual for anomalies and trends
Prepare financial statement reporting
Quarterly
Detailed period over period and actual vs. budget financial discussion
Strategic CFO office discussions (cash positions & management, dividend distribution, capital structures and liquidity/M&A opportunities)
Annually
Prepare necessary 1099 Information Forms electronically
Year-in-advance budget including detailed forecasting at the product, advisor, and consolidated levels
Benefits
Accurate financial reporting
Shorter monthly and quarterly process
Cost efficient accounting services
Flexible/scalable platform & continuous process improvement
Industry-leading technology
Scalable, cloud-accessible technology providing real-time, automated reporting. Incorporates best-in-class technology stack.
Proven methodology for transition
Phased approach to implement, optimize and support clients; maintaining a collaborative approach with ongoing two-communication for smooth services transition
Dedicated team & project management
Detailed implementation
End-user training & customized dashboards
Real-time support
