Financial Operations and Bookkeeping Oversight

What this covers

At some point a business needs someone keeping the moving parts of the bookkeeping process coordinated — the close calendar, the reports, and the people involved. This service provides that oversight without the cost of a full-time hire.

• Monthly-close calendar and progress tracking
• Review of reconciliations and unresolved bookkeeping items
• Coordination among the owner, bookkeeper, payroll provider and tax professional
• Financial-report organization and delivery
• Documentation of recurring bookkeeping and administrative procedures
• Support gathering records for lenders, tax professionals and due diligence
• Identification and escalation of bookkeeping or workflow problems
• Review meetings with the owner and other financial professionals
• Transition support when changing bookkeepers or accounting systems

How it works

1. Operational consultation. Review the business structure, current bookkeeping responsibilities, reporting needs and people involved.
2. Responsibility map. Document who provides information, who records transactions, who approves work and who receives reports.
3. Written scope and price. Pricing reflects the number of entities, accounts, team members, meetings and reporting requirements.
4. Review rhythm. Establish recurring checkpoints, deadlines and issue escalation.
5. Coordination. Mo keeps the participants informed and helps prevent unresolved items from becoming end-of-year emergencies.

Common questions about financial operations oversight