Temporary CFO Case Study 4

Help with monthly financial statements

 

Project: Produce reliable monthly financials for the company’s executive management team by eliminating one-time accrual adjustments at year-end.

 

Work: After an audit report recommendation, the client chose Consult Your CFO to review its monthly financial statements and improve the accrual process to eliminate year-end adjustments. As the months progressed, Consult Your CFO’s scope increased, and we were engaged to evaluate and recommend billing and accounting process improvements to streamline the invoicing process and improve the accuracy and integrity of the monthly financial information. The client implemented all recommended updates.

 

Result: Consult Your CFO continues to train the client’s finance team and has instituted proper internal controls, thereby reducing the future audit preparation costs dramatically.