OUR SERVICE

Service Offerings

Audit Preparation

As former Big 4 auditors, we understand what it takes to prepare for an audit. Whether it is preparing or reviewing audit workpapers, preparing financial statements and footnotes, or supporting the accounting / finance team throughout the audit, we are here to help.

CFO / Controller

Oftentimes, start-up and early-stage companies do not have a dedicated accounting / finance function. We can support you by providing CFO / Controller services, or supplementing your full-time or part-time CFO. Let us focus on ensuring your financials are correct and providing real-time reporting, while you can focus on operational value-add.

Technical Accounting

Whether you are attempting to understand new U.S. GAAP guidance or preparing for a SPAC, we can provide assistance in writing technical accounting memos and working with your auditors to ensure they are in line with expectations.

Consulting

Whether it is a one-time or extended project, our team can provide the support you need to ensure accounting and finance initiatives are carried out with the diligence they deserve and on your timeline.
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Use Cases

Audit Preparation

An early-stage private company approached us to help with preparation for a first-year audit. We assisted them with auditor selection and provided an overview of how a typical AICPA audit works. We reviewed all historical journal entries (5 years) to ensure the opening balance sheet was accurate and complete. Additionally, we reviewed the current year journal entries on a risk-based approach to ensure that the client had sufficient support.

We prepared a reconciliation file in Excel that included reconciliations for all balance sheet accounts. This file also included the trial balance, the roll-up of the trial balance into the financial statements, and cash flow workbook. The file was provided to the auditors, which they used to make selections for the audit. We also prepared the financial statements and footnotes, and assisted the client with auditor questions throughout the audit.

Use Cases

CFO/Controller

An early-stage cryptocurrency company asked us to function as its accounting department overseen from their CFO, who was primarily in a fundraising role. We set up their ERP system, chart of accounts, and accounting workflows. On a day-to-day basis, we recorded all of their accounting transactions, queued up payments to vendors, and provided reporting to management. We also coordinated their tax filings with their external tax advisors, and coordinated 409a valuations with external valuation specialists. The client had a first year audit performed and we assisted with auditor selection, preparing all support including financial statements and footnotes, and preparing technical accounting memos. This project was a fixed fee contract that lasted several years.

An early-stage environmental company asked us to function as its entire accounting department as it had no current staffing. We tailored their ERP system, chart of accounts, and accounting workflows. On a day-to-day basis, we recorded all of their accounting transactions, queued up payments to vendors, and provided reporting to management. We also coordinated their tax filings with their external tax advisors, and coordinated 409a valuations with external valuation specialists. The client had a first year audit performed and we assisted with auditor selection, preparing all support including financial statements and footnotes, and preparing technical accounting memos. This project was a fixed fee contract that is still ongoing.

Use Cases

Technical Accounting

A private company that was in the process of becoming public through a Special Purpose Acquisition Company (SPAC) approached us to assist with technical accounting matters. The client needed technical accounting memos for stock-based compensation matters, Simple Agreement for Equity (SAFE) notes, warrant shares, and venture debt. Additionally, the client asked us to review certain disclosures included within the SEC filings, included EPS and diluted EPS. We continued to provide technical accounting assistance through the SPAC process as well as the first year of the client becoming publicly traded.

An early-stage private company in the technology industry began transacting in digital assets. They approached us to help them understand how digital assets are accounted for under U.S. GAAP. We provided them with a technical accounting memo overviewing the accounting, a policy for digital asset accounting as well as impairment considerations, and an Excel template to assist the client in accounting for digital assets.

Use Cases

Consulting

A large private company in the software industry needed additional staffing for their accounting and finance departments. We assisted their accounting department in filling in backfilling for a senior accountant to help with monthly closes. Additionally, we provided budgeting assistance in their finance department for over two years. Work performed under this contract was performed weekly as well as ad hoc.

A publicly traded plastics company needed assistance in filling an accounting manager role. This role’s responsibilities included completing and reviewing monthly reconciliations within Blackline, reviewing journal entries within SAP, and performing financial analysis over monthly and quarterly account changes. This role lasted approximately a year and was performed remotely on a weekly basis.

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