Temporary CFO Case Study 3

Help with accrual-accounting method

Project: Help a start-up company get its financials in compliance with the accrual-accounting method in hopes of achieving Regulation D financing.

Work: Consult Your CFO trained the company’s office manager and made the company’s finances compliant with accrual-accounting methodology. In addition, we established internal controls, policies, and procedures, and selected a corporate tax firm. The client wanted to pursue a new banking relationship, so we created an RFP and distributed it to carefully selected prospective banks. The executive management team interviewed the recommended banks and selected their new banking relationship.

Result: Consult Your CFO helped the client achieve on-going compliance and satisfy its financing needs.