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Operational Accounting Services

Consulting Services include:

  • Establish corporate infrastructure
  • Provide cash flow planning, management & forecasting
  • Manage accounting & administration teams
  • Prepare financial and analytical statements
  • Interface with executive team, board of directors, general counsel, auditors, bankers & vc’s

Part-time and hourly staff assistance for:

  • Chief Financial Officer
  • Controller
  • Accounting Manager
  • Staff Accountant
  • Bookkeeper

Services

PBO can help you establish a strong corporate infrastructure that starts with building an entire accounting team or by adding key personnel to supplement your existing accounting and finance department ready to hit the ground running.  Our goal is to quickly identify the missing pieces and fill those gaps with talented and experience personnel that will ensure deadlines are met and all financial reporting is on time whether we work hourly onsite with you or remotely from our office.  We can directly manage or supervise your team members alongside our team members to ensure optimal productivity.  We will ensure you are reviewing the most up to date analytics about your company so you have the financial transparency needed to take your company to the next level. We know how to prepare accurate and timely financial and administrative statements.  We’ll meet and present results and reports to your board of directors and key partners so that your executive team is confident they are making critical decisions with the most accurate financial information available.     When it comes to an efficient operational accounting team, we recognize the importance of providing talent and expertise to provide you outstanding cash flow planning, management and forecasting.   We understand that cash is king and the lifeblood of any business. Although a company can survive for a short while without cash, an ongoing operating deficit will ultimately take it under. Thorough cash flow analysis and accurate forecasting will alert the business owner of potential problems in advance. For those with neither the ability nor inclination to compile the data and create the projections, cash flow forecasting is an important enough task to warrant outsourcing a consultant with the right experience.

Find Out How a PBO Accounting Consultant Can Help Your Business

Chief Financial Officer

PURPOSE: A CFO is responsible for bringing important financial controls to a company.  Those controls should include the effective management of cash flow and overhead expenses, establishing credit policies for customers and working with major vendors to achieve more favorable payment terms, and implementing procedures for measuring and evaluating optimal inventory levels.  At a higher level, a CFO should also develop effective controls that provide oversight against fraudulent activities.

RESPONSIBILITIES & DUTIES

  • Implements/supervises Internal Controls:
  • Handles projects with major financial impact
  • Cultivates relationships with outside financing sources
  • Drives major strategic issues
  • Serves as key advisor to company management

Controller

PURPOSE: The Controller is in charge of running the accounting department. This position is responsible for the company's financial statements, general ledger, payroll, AR and AP, budgeting, tax compliance, and various special projects. The controller will supervise accountants and other professionals who assist the controller. The Controller will create a month-end close process and checklist and ensure the team accomplishes their respective tasks. This position is not only responsible for a company's past and present financial situation, he or she is also an integral part of a company's financial future success.

RESPONSIBILITIES & DUTIES

  • Manages Bookkeepers or Staff Accountants and Accounting Managers
  • Oversees and/or submits payroll
  • Creates and reviews journal entries
  • Prepares financial statements if Accounting Manager is unable
  • Mentors and manages team
  • Wears multiple hats at multiple clients
  • Must be good at multi-tasking, staying organized and communicating
  • Implements basic financial and accounting systems
  • Can coordinate with external CPA’s on tax returns, compilations or audits
  • Implements policies and procedures
  • Creates non-standard reports, including variance reviews
  • Creates budgets, forecasts and assists with cash management

Accounting Manager

PURPOSE: An accounting manager supervises, tracks and evaluates day-to-day activities of the accounting team. This includes establishing financial status by developing and implementing systems for collecting, analyzing, verifying and reporting information. This person needs to be able to work closely with financial management team.

RESPONSIBILITIES & DUTIES

  • Tag and monitor fixed assets
  • Monitor debt levels and compliance with debt covenants
  • Collect sales taxes from customers and remit them to the government
  • Ensure that receivables are collected promptly
  • Conduct periodic reconciliations of all accounts to ensure their accuracy
  • Maintain the petty cash fund
  • Issue financial statements
  • Provide information to the external accountant who creates the company’s financial statements
  • Assemble information for external auditors for the annual audit
  • Financial analysis of the financial statements

Staff Accountant

PURPOSE: This staff accountant is responsible for absorbing and learning all firm related duties. This position helps the firm facilitate all internal needs from Accounting, HR, data entry, filing, and all other staff support.

RESPONSIBILITIES & DUTIES

  • Clerical work
  • Filing documents and pulling up client’s files for staff
  • Data Entry on QuickBooks and/or other accounting systems and excel
  • Running reports (A/R, A/R, payroll)

Bookkeeper

PURPOSE: The bookkeeper position creates financial transactions and creates financial reports from that information. The creation of financial transactions includes posting information to accounting journals or accounting software from such source documents as invoices to customers, cash receipts, and supplier invoices. The bookkeeper also reconciles accounts to ensure accuracy.

RESPONSIBILITIES & DUTIES

  • Pay supplier invoices in a timely manner
  • Pay any debt as it comes due for payment
  • Issue invoices to customers
  • Record cash receipts and make bank deposits
  • Conduct a monthly reconciliation of every bank account
  • Maintain an orderly accounting filing system
  • Process payroll in a timely manner
  • Provide clerical and administrative support to management as requested
  • Tag and monitor fixed assets
  • Monitor debt levels and compliance with debt covenants
  • Collect sales taxes from customers and remit them to the government
  • Ensure that receivables are collected promptly
  • Conduct periodic reconciliations of all accounts to ensure their accuracy
  • Maintain the petty cash fund
  • Issue financial statements
  • Provide information to the external accountant who creates the company’s financial statements
  • Assemble information for external auditors for the annual audit
  • Financial analysis of the financial statements

Find Out How a PBO Accounting Consultant Can Help Your Business

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