Are your books a mess?
Whether selling your business, managing cash shortfalls or planning growth, clean accounting records are worth the effort. Save your time and avoid bad decisions with outsourced accounting cleanup services.
When should you clean your accounting books?
During a Turnaround
Routine, inaccurate accounting often leads to financial distress. Turnaround consulting services often include accounting cleanup to create the benefits of real time information and effective decision making.
Audit / Financial Review Process
Avoid expensive audits by having clean, well-supported books at year-end.
Before selling your business
Having clean books will allow you to negotiate a higher price for your business.
NOW
The longer you wait, the more expensive and challenging an accounting cleanup is. Avoid the extra costs of cleaning your books before a sale or audit and recognize the benefits of clean books all year long.
Remember, it is always better to get help right away once a problem has been discovered. Waiting only allows issues to compound, requiring more drastic and expensive measures to fix.
Benefits of Clean Accounting Books
At CFOshare, we believe financial statements should be management tools first and foremost. Contact us to learn more about our process.
Effective decision making
Without accurate information, you are flying blind. Performing a regular clean up to your books allows you and your team to make effective data driven decisions such as:
- How much capital investment is needed to hit your growth targets
- When to hire and/or train new team members
- When the business runs out of cash runway
- How much capital investment is needed to hit your growth targets
Real-Time information
Find any error in your accounting before it becomes large. With accurate real-time information, the transparency created allows you to detect and correct instances of fraud, inefficiencies, and inaccuracies.
Avoid fraud and theft
Implementing internal controls and best practices during an accounting clean up ensures the integrity of the financial and accounting information.
No Last Minute Rush
Selling your business, guiding it through a turnaround, or undergoing an audit is a hectic time. Irregularity and errors in the books can be disastrous for business. Clean your books and keep them that way before to reduce effort and cost.
How do I organize my business accounting?
Organize your accounting so that the data will drive your decisions. Clean and organized books lead to better decision making by management and transparency in reporting. Start by contacting a CFOshare controller to learn about our Controls Study and cleanup process.