HOW IT WORKS »

The primary role of a CEO is to steer the company and oversee the sale of services or products, not to manage daily bookkeeping or an accounting team. However, understanding financial statements is essential for a CEO to grasp the company’s financial wellbeing and make informed decisions promptly. So, what’s the solution for bridging this gap?

For effective financial reporting, numerous steps throughout and at the end of each month are necessary to document an organization’s financial activities. Implementing structured processes and procedures optimizes the management of these details.

SecureCFO adheres to a strict month-end closing routine, ensuring that management reports accurately represent the company’s monthly financial performance. This involves collaborating with the CFO to establish a revenue recognition policy, recording accruals for incurred expenses to generate that revenue, and consistently reconciling and preparing documents for each balance sheet account every month. The outcome is reliable financial reports for decision-making, supported by thorough documentation.

We maintain the reliability that the input of data into the accounting system offers techniques and records for:

• Identifying and documenting every legitimate transaction.
• Detailing transactions promptly and comprehensively for accurate categorization in financial statements.
• Ensuring information sufficiency for the allocation of transactions in the correct accounting period.

Additionally, we ensure the output quality of data:

• Delivers essential data for system report users to make informed decisions regarding management and control.
• Is provided promptly.
• Is up-to-date and precise.
• Is readily accessible to authorized individuals.

Utilizing a combination of Team expertise, advanced Technology, and efficient Processes, SecureCFO empowers business owners to make strategic decisions informed by reliable and trustworthy numerical data.