Year-End Made Easy: How Fractional Accounting Services Help You Cross the Finish Line

Year-End Made Easy: How Fractional Accounting Services Help You Cross the Finish Line

• 1.
  Year End MadeEasy How Fractional Accounting Services Help You Cross the Finish Line
• 2.
  Housekeepin g • 30-minute presentationwith Q&A • Type questions into the "question box" to submit them throughout the presentation • We'll send a copy of the deck and recording of the webinar in follow-up emails after the event • $25 gift card for lunch Some key items before we get started
• 3.
  Agend a 01 WhatAre Fractional Accounting Services 02 Who Benefits from Fractional Services 03 When Fractional Services Are a Fit 04 Success Stories 05 Signs You Should Consider Fractional Services 06 Audience Q&A 07 Next Steps
• 4.
  Meet the Presenters Frank Cuccio FractionalServices Consultant Christi Cereghino Fractional Services Consultant Rachel Durkot ERP Account Executive
• 5.
  About BrainSell The Growth EnablementCompany Blueprint for Digital Transformation • People • Process Mapping • Change Management • Technology Data for Better Business Decisions • Modern Data Platform • Unified Reporting • Executive Dashboards Software for Scale and Efficiency • CRM, MA, and CX • ERP • Automation & AI We help companies grow and scale.
• 6.
  Year End MadeEasy How Fractional Accounting Services Help You Cross the Finish Line
• 7.
  Let’s Take aPoll (Or Two)
• 8.
  What are Fractional Services Theability to access experienced finance and accounting professionals on a part-time, temporary, or as-needed basis to manage your organization's financial and accounting needs. Key Benefits: 1. Flexibility: Services can be scaled up or down based on the business's needs. 2. Cost-Effectiveness: Businesses only pay for the time and expertise they require, avoiding the expense of full-time salaries, benefits, and overhead costs. 3. Expertise: Access to experienced professionals who specialize in various aspects of accounting and finance. 4. Focus on Strategy: Fractional accountants often provide higher- level insights, such as financial planning, forecasting, and strategy.
• 9.
  Who Uses FractionalAccounting Services • Startups and Small Businesses: These organizations often need financial expertise without the burden of full-time hires. • Growing Companies: Businesses experiencing growth may need temporary support to manage increased complexity in their finances. • Companies in Transition: Organizations going through restructuring, mergers, or acquisitions may need interim financial expertise. • Seasonal Businesses: Companies with fluctuating financial needs can benefit from on-demand support.
• 10.
  Types of FractionalAccounting Services Fractional CFO (Strategy) Modeling and Forecasting Capital Rise Exit Strategy Mergers & Acquisitions Governance & Compliance Compensations Modeling Audit Preparation Staff Accountant (Execution) Bank Reconciliation Journal Entries GL Maintenance Chart of Accounts Accounts Payable Accounts Receivable Inventory Management Controller (Analysis) Cashflow Forecasting Month-End Close Financial Dashboards Budgeting Financial Reporting Accounting Systems Implementation
• 11.
  Success Story #1:Manufacturing Challenges • ERP not being used to full capacity. • Current Controller was planning to retire and needed to streamline processes before onboarding new Controller. • Existing team did not have the bandwidth or understanding of the ERP capabilities to complete these projects. Solutions • Identified and corrected reconciliation errors in Excel • Implemented and tested Fixed Assets Module • Created SOPs for Bank Reconciliations and Fixed Assets management Results • Improved cash visibility and strengthened internal controls • Reduced manpower for monthly close • Streamlined preparations for annual audits Annual Revenue: $130M
• 12.
  Success Story #2:Nonprofit Annual Operating Budget: $3M Challenges: The CFO also operated as the COO and had no additional accounting staff. The annual audit was now 2 years behind and they needed help providing workpapers to the auditors to complete the audits. Solutions: Worked directly with the client’s external auditors and provided documentation and workpapers as requested. Results: Completed audit and developed workpapers that could be maintained monthly to ensure a smoother auditing process in future years.
• 13.
  Signs Fractional Servicesare a Good Fit Increase capacity without adding headcount Have a need to backfill Hiring the right talent is taking longer than expected Have end-of-year projects that need to be completed Need an extra hand for a limited amount of time Planning to go through a new technology implementation
• 14.
  Audience Q&A Have questions?We have answers.
• 15.
  Next Step: Whiteboard Consultation 1.30-minute interactive session 2. Identification of gaps and challenges 3. Opportunity and Challenges Exploration 4. Solution Mapping and documentation of next steps 5. No commitment
• 16.
  Special Offer Schedule yourcomplimentary 30- minute whiteboard consultation today. Would Fractional Services Help Your Team? Or email us at [email protected] with your availability.
• 17.
  THANK YOU FOR JOININGUS! (866) 356-2654 [email protected] www.brainsell.com