Clean books & records ease year-end stress
To our fellow public accounting auditors. As busy season nears its peak, so does the pressure to ensure financial affairs are in order. At this stage, last-minute or disorganized requests only frustrate staff and lead to undue stress, long hours, awkward change orders, and a higher potential for error.
AAFCPAs’ Outsourced Accounting & Fractional CFO Practice is an available resource to help your clients get their books and records in order. We help to perform all of the heavy lifting and provide companies and non-profit organizations with complete finance packages that are easily handed over to external auditors or tax return preparers. We can help your clients build clean books and records year-round, so in-house responsible parties may avoid year-end burdens. We also help establish new processes and set up best practices and internal control policies and procedures.
Consider tax and audit clients who come to you with the proverbial shoe box of invoices and receipts, or clients where it is difficult to track down or provide untimely prepared by client materials (PBCs), schedules don’t tie out, books and records are received with a significant amount of cleanup and adjusting journal entries needed, or clients that may not have technical accounting resources available internally to complete the tax return or audit. Some also lack the infrastructure or technical expertise to meet compliance needs to understand and comply with the financial reporting requirements of Generally Accepted Accounting Principles (GAAP) requirements. These strains may further compress workloads and push auditors up against deadlines, leading to out-of-scope work and time-intensive clean-ups that may breach independence.
A win-win collaboration.
Let us bridge the gap and serve as a liaison between auditor/tax preparer and client. We provide resources for management to be able to fully understand requests, so they are better prepared to have productive conversations with auditors and interested parties. When teaming up with us, you minimize in-house stress and year-round burdens, ensuring books are clean the moment you begin. Enjoy knowing your clients receive timely handling, personalized attention, and risk mitigation.
Companies often consider our Outsourced Accounting & Fractional CFO support as an internal finance team resource enhancement, liaison, and partner. For auditors, this level of support can significantly improve realization and eliminate audit team frustrations, which is critical in today’s talent market.
Keep in mind that your clients oftentimes also feel the pressure of completing their books and records, as this takes valuable time away from their day-to-day business operations and growth strategies. The level of stress placed on entities to meet their financial reporting can be significant. Let CEOs and management stay in their zone of genius, and we’ll stay in ours.
With deadlines looming, there’s never been a better time to consider recommending clients to consider using our sophisticated, flexible, and robust outsourced accounting and fractional CFO solutions and notably improve your ability to perform your job efficiently. Do specific clients come to mind where our collaboration may help you exceed your client’s expectations, ensuring you meet service obligations without breaching independence?
To learn more about our win-win referral relationships, please contact Destiny J. Flood, CPA, Commercial Partner, Outsourced Accounting & Finance at 774.512.4151 or dflood@nullaafcpa.com, Joyce Ripianzi, CPA, Nonprofit Partner, Outsourced Accounting & Finance at 774.512.9042 or jripianzi@nullaafcpa.com—or your AAFCPAs Partner.