We work with many businesses to achieve the objective of improving the effectiveness of financial reporting, which is to provide useful, accurate, and timely information for decision-making. The decision makers can be the business owners, management, banks, lenders, potential buyers, etc. Therefore, timely and accurate monthly financial statements are vital to a business’s success.
These monthly statements can include the standard Balance Sheet, Profit & Loss Statement, and Statement of Cash Flows as well as other reports that are useful to the decision-maker. NextGen CFO plays a key role in assisting the decision-maker and Accounting department to determine what reports will be useful and how to produce those reports accurately and efficiently. This may include analysis and assistance with the implementation of accounting systems, training and coaching of current accounting staff, and development and implementation of processes and procedures, such as the necessary month end accounting close process.