Year-End Made Easy: How Fractional Accounting Services Help You Cross the Finish Line
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The document outlines a webinar on fractional accounting services aimed at assisting organizations in managing year-end financial processes. It discusses the benefits, types of fractional services, target audiences, success stories, and signs that indicate when fractional services are beneficial. The session includes a Q&A and offers a complimentary consultation to explore how fractional services can aid businesses.
Year-End Made Easy: How Fractional Accounting Services Help You Cross the Finish Line
- 1. Year End Made Easy How Fractional Accounting Services Help You Cross the Finish Line
- 2. Housekeepin g • 30-minute presentation with 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 What Are 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 Fractional Services Consultant Christi Cereghino Fractional Services Consultant Rachel Durkot ERP Account Executive
- 5. About BrainSell The Growth Enablement Company 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 Made Easy How Fractional Accounting Services Help You Cross the Finish Line
- 7. Let’s Take a Poll (Or Two)
- 8. What are Fractional Services The ability 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 Fractional Accounting 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 Fractional Accounting 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 Services are 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 your complimentary 30- minute whiteboard consultation today. Would Fractional Services Help Your Team? Or email us at [email protected] with your availability.
- 17. THANK YOU FOR JOINING US! (866) 356-2654 [email protected] www.brainsell.com