Bookkeeping can be extremely time consuming. Outsourced bookkeeping and accounting through The CFO Artist allows you to focus on your top money-making priorities instead of getting lost in the financial details.
Bookkeeping and Accounting are undoubtedly activities no business can do without. It is common for daily bookkeeping tasks to drop to the bottom of the to-do list. Many business owners and nonprofits try to manage all aspects of their organization’s operations from start to finish, but that can cause them to get bogged down in paperwork.
The CFO Artist will continually look for money-saving opportunities while monitoring daily activities through our bookkeeping services. Our values will be evident in our work, in our communication and in our relationships. The CFO Artist focuses on you and your needs. Let us help you with your system and make your financial statement healthier. The CFO Artist can provide leadership by constantly pursuing the best guidance possible so those we serve can make smarter decisions.
The CFO Artist provides a number of bookkeeping options on a weekly, monthly or quarterly basis. Services can be ongoing or as a special one-time project.
Bookkeeping & Accounting Services:
- Accounts Payable (AP) – Manage the accounts payable process flow, help make timely payments, process invoices and maintain vendor accounts.
- Accounts Receivable (AR) – Manage your client billing process so you get paid faster!
- Cash Management – Manage cash flow by helping you come up with solutions so that you can manage, move, and access your money, spending and investments.
- Developing and Refining Chart of Accounts – Setting up or refining the chart of accounts in order to prepare accurate and useful reports and financial statements
- General Ledger – Manage the general ledger so that financial information conforms to Generally Accepted Accounting Principals (GAAP) and financial reporting is accurate.
- Daily Transaction Recording – Review, code and record all financial transactions according to GAAP. In addition to AP & AR transactions, this would include inventory, payroll, fixed assets, intercompany, revenue, and expense transactions.
- Bank, Credit Card & Loan Account Reconciliation – Staying on top of important financial reconciliations ensures transactions are reviewed, recorded and posted to the accounting software timely and accurately.
- Management of Accounting Department – As a decision-making partner, The CFO Artist can help plan and manage your company’s accounting systems in conjunction with your company’s goals and plans. The CFO Artist can be your financial reporting expert by implementing systems for gathering, analyzing, verifying, and reporting certain types of financial information which management can use to determine the financial stability of the business.
- Accounting Software Set-Up, Clean-Up, and Maintenance – Handle new accounting software from start to finish!
- Documenting Accounting Policies and Procedures – Develop well-planned and well-documented accounting policies and procedures which lay the groundwork for your company’s internal controls. A Client Procedures Manual will help ensure best practices are followed.
- Financial Analysis – As a crucial part of any organization, financial analysis and planning are imperative to an organization’s success. Outsourcing the analysis of your financials can provide your business with a competitive advantage and provide you with additional savings that you may not be aware of. This service includes the analysis of profitability, efficiency, liquidity, and stability of the company.
- Development of Reporting Metrics – Defines correct metrics to measure business data and success. Service also can include creating compelling and attention-grabbing data visualizations that help your organization stand out.
Compliance
Being a nonprofit means you have many compliance reporting responsibilities – are you able to do this easily and efficiently? There are very specific financial rules and regulations governing the activities of nonprofits so you must have the talent in place to make every dollar count.
The CFO Artist has over 25 years of nonprofit accounting experience. Our nonprofit accounting services will organize and improve your financial processes to make the most of your donations so you can accomplish the most good. We’ll bring clarity to your financial statements so you can easily see where the money is going and where you can eliminate expenses.
Additionally, your accounting software should allow you to produce various reports without having to re-enter data into multiple systems. At The CFO Artist, we will work with you to make running your nonprofit easy and efficient, leaving you to focus on achieving your mission.
As your trusted CPA consultant, let us help you avoid any income-generating activities so you can keep your tax exempt status and avoid paying taxes on unrelated business income.
- Bookkeeping and Accounting Services
- Audit Preparation
- Cash Flow Management
- Compilations of Financial Statements
- Internal Controls Analysis
- Budgeting and Forecasting