By Analytix Editorial Team
The Analytix Solutions’ team of professionals possesses the depth and breadth of expertise that can assist you with your immediate and future accounting needs. We offer three main types of accounting services at Analytix – Bookkeeping, Controllership, and CFO.
In many instances, we have learned that clients are familiar with our bookkeeping services, yet they are uncertain about what is included within our Controllership and CFO offerings and how these services might benefit their operations. One way to distinguish between the three accounting categories is to view each in terms of a timeline – past, present, and future.
Typically, bookkeeping is rooted in the past. Its primary function is to gather and compile historic transactional data into an organized summary of financial position (balance sheet) and results of operations (profit and loss). The financial statements generated through this process provide the business owner with insight on financial components that affect profitability during the prior period(s).
Controllership services are oriented towards the center position of the timeline, with greater emphasis upon the present. The Controller services place Analytix into a more interactive role with our client’s accounting function by providing guidance to the company’s internal accounting staff on proper bookkeeping and internal control practices. Additionally, Controller services also encompass reviewing the accounting staff’s work to help assurance on the proper classification, timing, and completeness of accounting entries.
Our Controllership services also provide an enhanced level of account reconciliation that extends to all balance sheet accounts. Balance sheet reconciliation is a key aspect of the accounting process that helps to ensure 1) the accuracy of the profit and loss statement and 2) the correct book valuation of the company’s assets and liabilities.
Analytix’s CFO program resides more in the future portion of the timeline, although it also includes services that reflect current and prior events. Subcategories of our CFO program include:
The tools provided under our CFO services allow the business owner or manager to evaluate past transactional data with a greater comprehension of their business operations. Furthermore, the proactive nature of budgeting, forecasting, and modeling will help provide competitive advance planning for future contingencies, market position, profitability, and overall cash position.
For more information on our Bookkeeping, Controller and CFO level services, please email us at [email protected].