Financial accounting & advisory service

Companies face a myriad of complex financial accounting and reporting challenges.

They can arise from out of nowhere – new challenges the organization hasn’t faced before or situations requiring sophisticated skills and expertise not available internally.

Often, organizations simply don’t have the necessary capacity to handle all their pressing issues, and an experienced outside advisor is needed.

Make sure your startup or small business doesn’t become a statistic. Grow smarter with the depth and breadth of CFO-led services – from chief financial officer (CFO) to controller and bookkeeper, we’ve got you covered.

Fractional and part-time chief fiannacial officer services

General management

Chief financial officer (CFO), Controller, Bookkeeper
Contracts development & negotiation
Strategy development
Management team meeting participation
Board preparation & attendance

Planning and modeling

Business plan development
Business & pricing model development
Budgeting/forecasting system implementation & management
Management team meeting participation
Board preparation & attendance

Business optimization

Dashboard development & maintenance
Virtual data room setup & maintenance
Administrative document managemen
Paperless office

Financial management

Key performance indicators
System selections & implementation oversight
Audit preparation & engagement
Proper revenue recognition

Cash and risk management

Treasury
Insurance

Adopting new accounting rules and standards like ASC 606 (Revenue) or 842 (Leasing) is easier with experienced professionals at your side to help guide you and lighten the work load. In addition, Francis consultants can help you modify systems and processes, as necessary, and ensure your staff understands the full financial impact of any changes.

Complex accounting issues Francis Tax can help you address include:

Debt and equity financing.
Revenue recognition.
Business combinations.
Stock options and equity awards.
Hedge fund accounting.
Variable interest entity assessments.
Tax reporting, and more.

Technical consulting and special project management services

Complex accounting issues

Debt and equity financings.
Revenue recognition matters.
Business combinations.
Hedge accounting.
Accounting for stock compensation.
Variable Interest Entity assessments.
Equity method accounting.

External and Internal reporting processes

We can manage all aspects of internal and external financial reporting for private companies and SEC reporting, including the review of each business process, and recommendation and implementation of process improvements.

10Ks.
10Qs.
All debt and equity filings.
Offering memorandum.
IPO related filings.
Monthly reporting packages outlining key performance indicators.
Board and Audit Committee presentations.
Proposed budgets and financial modeling.
Cash flow analysis and forecasting.

Transaction services

We offer a full range of transactional services to assist in addressing all financial and non-financial matters that occur pre or post transaction. Our core transaction services for buyers and sellers includes:

Due diligence and quality of earnings reports.
Valuation services.
Deal negotiation.
Opening balance sheet audits.
Financial models of acquired business, including budget and cash flow forecast.
Purchase accounting, integration and subsequent accounting procedures.

Internal control and sox compliance

Francis’s Risk Advisory Services helps Audit Committees, CFOs, audit executives and management improve their business operations; mitigate risks; enhance control effectiveness; provide best practice solutions;

Internal audit outsourcing and co-sourcing.
Internal audit department start-up.
SOX compliance project planning and management.
SOX documentation, evaluation, testing and remediation of risks and controls.

An independent accounting and reporting process assessment can be the first step to a more strategic, streamlined finance department. Francis process improvement professionals review each business process, recommending changes with the potential to make a real difference. At the same time, our consultants make it their goal to involve and energize your staff, establishing buy-in for financial process improvement. The benefits to your company can include cost savings and increased productivity, giving your staff more time to spend on higher-value initiatives.

Financial process improvements are often possible in areas including:

Accounts payable/receivable processing.
Simplifying the close process.
Travel and expense reporting and payments.
More intuitive and value-added dashboards.
SimpEstablishing more meaningful metrics and key performance indicators to help you to run your business.lifying the close process.
Enhancing general ledger software capabilities.
Standardizing the chart of accounts.

Sometimes, specialized knowledge and practical experience are the missing ingredients needed to help you protect the integrity and continuity of your accounting, finance, and business operations. And, with Francis’s experienced interim professionals there’s no lengthy onboarding process. And, when appropriate, we can also help you identify a permanent replacement and participate in interviewing and onboarding the successful candidate to ensure a seamless transition.

Internal management services.

Experienced Francis Tax professionals cal help you:

Turn around difficult situations.
Meet stiff deadlines and help manage rapid growth.
Resolve reporting delays resulting from turnover and other personnel issues.
Interpret complex technical accounting matters and implement solutions.
Remediate material weaknesses for public companies.
Improve or create efficient sustainable processes.
Bring deeper accounting and financial reporting expertise to planned business transactions or events, and much more.

Improve financial processes.

Direct resources to the right places to promote growth using financial planning and analysis techniques.
Optimize your organization’s enterprise resource planning (ERP) systems.

Internal audit’s (IA’s) challenges are many. Today’s leading IA functions are forward-looking and committed to adding real value to the organization. They’ve matured from being reactive to proactive.

Francis Tax specialized IA co-sourcing and outsourcing solutions for IA operational and business risks are designed to add significant value and make your job easier through:

Co-sourcing services, providing industry-savvy professionals to fill the gaps. Whether you need one specific skill-set not available internally, an entire team to execute your internal audit plan, or something in between, Francis can help.
Outsourcing services, providing your organization with an experienced, fully staffed IA team. In addition to other benefits, outsourcing removes the time-consuming burdens of hiring, training and retaining talent. It’s also a cost-effective way to access industry-leading practices and the latest thinking on issues affecting your business.

Outsourcing services, providing your organization with an experienced, fully staffed IA team. In addition to other benefits, outsourcing removes the time-consuming burdens of hiring, training and retaining talent. It’s also a cost-effective way to access industry-leading practices and the latest thinking on issues affecting your business.

Audit assistance

Adoption and implementation of new accounting standards [i.e., ASC 606 (rev rec), ASC 842 (leases), etc.]
Preparing and reviewing financial statements and footnotes.
Preparing and reviewing income tax provision footnotes and disclosures.
Preparing all technical accounting memoranda required to support financial statement positions.
Assisting with quarterly reporting, including cut-off, disclosures and presentation.
Responding to inquiries from your independent, registered public accounting firm.
Preparing narratives, including policies and procedures related to your business cycles and IT environment.

Sec form S-1 preparation

Our team will help you:

Providing an auditor’s – lens advance review of the entire S-1 through process-related and value-added comments and editing.
Coordinating Management, Legal and Audit Committee review of the entire S-1 and making the necessary edits.
Advising management on the submission of the draft S-1 document to the SEC, responding to comment letters, and making necessary edits.
Complete XBRL tagging.
Coordinating the required information throughout the various phases leading up to your IPO, from the pre-effective stage right up through your go-live.

No matter what’s holding you back or threatening the financial health of your business, Francis’s trusted advisors can help you turn things around so your business is viable again. Many challenging situations are recoverable by significantly restructuring or realigning your business model to match the new reality of today’s competitive market. Francis’s team brings a diverse set of credentials and years of experience in strategically analyzing businesses to get your business to the right outcome.

Restructuring businesses is a Francis Tax strength

As one of the nation’s largest independent accounting and advisory firms, Francis works with successful companies every day, from small and midsized firms to larger, publicly held entities. We know what works and are knowledgeable about industry trends. Francis professionals work collaboratively with you to help you achieve your most challenging business goals and objectives.Need to get your business on solid financial footing again? Worried your business model is no longer sound? Short of cash because all your liquidity goes to pay down your debt?

6 Immediate steps to succefully reemerge from a business slowdon

Access to cash is mission critical. Francis professionals assist you in cost-effectively identifying tactics to increase your access to cash and adopt new cash management techniques, so you can focus on keeping your business in business. Francis helps you with:

Cash flow modeling
Cash flow mShort-term cash managementodeling
Working capital strategy
Budgeting and forecasting
Cost reduction and expense analysis
Capital asset management

Typical Francis Tax restructuring services include but arent limited to:

Turnaround strategy development
Contingency and scenario planning
Customer profiling and market assessment
Financial modeling and working capital strategy
Bank covenant analyses and lender assistance
Debt restructuring
Shareholder manageme
Interim controllership & financial leadership
Cash flow modeling, budgeting, and forecasting
Organizational restructuring
Managed accounting, HR and IT
Merger, acquisition and divestiture services
Capacity planning
Management alignment

Others

Managed services

Managed Accounting.
Managed huma.
Resouces.

Paycheck protection

Accounting.
Tax.
Assurance.
Financial
NE

Risk advisory services

Overview.
ISO 27001 Certification.
Sarbanes-Oxley
Compliance.
Technology risk.

Need help?

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(612) 722-1129