By Mike Gardner
At Analytix, we offer you comprehensive accounting services, including bookkeeping, CFO and controllership. Our team of finance professionals offer you solutions to cover your immediate, as well as future, accounting needs.
We have noticed that while clients are well-versed with what constitutes the bookkeeping services we provide, they are uncertain about what is contained in our Controller and CFO offerings. They are also unsure about how these services can prove useful to their business. One way to differentiate is to give each of them a perspective according to time – bookkeeping is largely about historic or past data, controllership is about the present time, while our CFO services are future-oriented while reflecting the past and present.
A look at the three in detail
Bookkeeping: primarily, bookkeeping organizes transactional data into a streamlined form that can then be compiled into a summary. That summary can reflect the company’s financial position as well as profit and loss.
Financial reports and statements that are generated through bookkeeping provide you with an idea or trend of what elements affect business profitability.
Controllership services: Analytix plays an interactive role in the controller services as we guide the company’s internal resources on appropriate bookkeeping and accounting practices. Further, as part of our controllership services, we also review clients’ internal accounting staff’s work to ensure correct completion of entries, correct classification, as well as timing.
Further, we provide account reconciliation extending to all balance sheet accounts as part of our controllership services. Balance sheet reconciliation helps ensure accuracy of profit and loss statements, as well as accuracy in the correct valuation of the company’s assets and liabilities.
CFO Program: our CFO program includes the future in its perspective, while taking into account the present and the past.
As part of our CFO services, we provide our clients with tools which help them manage past transactional data while helping understand business operations better. We also offer budgeting and forecasting that enables clients to carry out advance planning for the future, including market position, profitability, etc.
The CFO program we provide contains a number of features, including:
For more information on our bookkeeping, controller and CFO level services, please email us at [email protected].
Mike Gardner is a CFO/Controller consultant on the Analytix Solutions team. Mike has over 25 years of accounting experience in CFO and Controller roles across multiple industries, including transportation, warehousing, grocery wholesale and retail, fast food operations, and manufacturing. Watch for future articles from Mike as he shares his insights and experience.