Bookkeeping / Controllership Services
Are you a Syracuse NY startup or small business that is growing and needs strategic accounting and financial guidance but is not ready to make the investment of hiring a full time CFO? According to the SBA, more than half of small businesses fail in the first five years. Why? Mostly because of poorly managed cash flow or the lack of a professional financial plan based on accurate financial statements. Bringing in outsourced CFO / controller support early is crucial to avoid joining that statistic.
While many companies have staff to handle routine bookkeeping functions, those firms often choose not to hire senior-level accounting talent. As a company evolves into a larger, more mature organization, an outsourced controller can focus on tasks better suited to that business stage, such as creating budgets, developing financial dashboard metrics, ensuring appropriate segregation of duties, preparing financial statements, reconciling bank statements, and serving as a liaison with a CPA firm on audit, compilation or tax return matters. Our experts can help with designing the right financial structure for your organization to determine the best ways to align your management team around a focused set of strategic principles to achieve your revenue goals and milestones.
At Sirchia CPAs & Financial Advisors, the controller will ensure that financial data is being recorded in alignment with appropriate industry standards, such as Generally Accepted Accounting Procedures (GAAP).
A controller can be an invaluable resource in a variety of other situations. For instance, if a company is preparing to sell a major asset, the controller is primarily responsible for determining current basis of that asset – a critical analysis that determines if the sale will be recorded as a gain or loss.
Chart your startups course forward with the finance savvy of a smart controller who will own your accounting department and provide strategic insights. We can help uncover and tackle inefficiencies and inaccuracies. We act as a strategic accounting partner to Syracuse NY companies, by adding an outsourced layer of financial guidance or bringing in some expertise via a on-demand consulting project basis. Our consultants focus on the future of your business. Whether it’s due diligence support for raising investor funding or preparing an exit strategy for your Syracuse based company.
Sirchia CPA & Financial Advisors can help with:
- Budget analysis and planning
- Business strategy
- Board reporting and representation
- Cash flow management & forecasting
- Monthly managed cloud bookkeeping
- Accounting software implementation
- Financial visibility / dashboards
- Internal controls / processes
- Fundraising planning and support
- Exit strategy and support (M&A and IPO)
- On-demand CFOs packaged with year-round accounting and tax planning
For more information about how we can help your organization with outsourced accounting, part-time CFO, back office operations, bookkeeping and controller services, please send us a note or just give us a call.