“Do not try to do everything. Do one thing well.”

STEVE JOBS

Our sole mission is to provide quality outsourced accounting and CFO services to give our clients the freedom to run their business with financial data that allows them to make informed decisions. Under our CFO umbrella, there are many services that you can choose from. Depending on your company’s stage (start-up, expanding, downsizing, etc.), size, existing accounting department or lack thereof, many options exist for you. We offer both continuous ongoing and project based services. Below are brief descriptions to assist you in determining which level of service you need.

Outsourced Chief Financial Officer

Platinum CFO assumes the role of your Chief Financial Officer onsite or virtual. This can entail a timely review on your set schedule of internally prepared financial data by your accounting department or controller, or we assume the role and prepare the information for you. The beauty of the service is that we can perform oversight of your financial data prepared by your personnel, or we can be your Chief Financial Officer and perform all responsibilities. We can perform this service as frequently as you need. We offer this service on a continuous basis or on a set schedule defined by you, such as monthly, quarterly, twice per year or annually. Our outsourced chief financial officer services include, but are not limited to, the following:

  • Assistance with preparing for financial statement audits, reviews and compilations

  • Design and maintenance of key business reports, including Key Performance Indicators (KPIs)

  • Prepare budgets and cash flow projections

  • Long-term sustainable profitability planning

  • Vendor, lender and investor management

  • Board of advisor representation

  • Cash flow management

  • Company liaison

  • Loan covenant compliance

  • Grant compliance

  • Workers compensation audit assistance

  • Assistance with internal audit preparation

  • Best practice recommendations

  • Prospective employee vetting

  • Month-end closing procedures

  • Compiling data to provide you with accurate monthly financial statements

  • Year-end closing preparation and reporting

  • Functional expense allocations

  • GAAP compliance

Outsourced Controller

This service is tailored both for clients, who do have an accounting department or bookkeeper, and need higher level assistance, or need a controller, but do not require a chief financial officer. We can assist your staff with high-level financial questions regarding reporting and daily operations, or we can perform the daily operations for you. Whether we are your controller or assisting your accounting department/bookkeeper, you are guaranteed a high-level fresh set of eyes reviewing and preparing your financial records. Your time is valuable and should be utilized to run your business. Allow us to give you the time and freedom you need while we assume your accounting responsibilities. Our outsourced controller services include, but are not limited to, the following:

  • Prepare budgets and cash flow projections

  • Cash flow management

  • Loan covenant compliance

  • Grant compliance

  • Workers compensation audit assistance

  • Assistance with internal audit preparation

  • Employee benefit plan administration

  • Compliance with the affordable care act and required filings

  • Month-end closing procedures

  • Compiling data to provide you with accurate monthly financial statements

  • Year-end closing preparation and reporting

  • Job cost reports

  • Functional expense allocations

  • Sales and use tax return preparation

  • Tenant revenue reporting & landlord pass through billing

“Having Platinum CFO as a partner allows me to focus on the operations of our seven large commercial properties instead of being bogged down with the extensive accounting. Sharon is extremely bright and proactive. She has allowed me the freedom to focus on maintaining the viability of the properties for our investors. On a scale of 1-5 Platinum CFO receives a 20 from me.”

George Christopher Jr., CPA, JD, Managing Partner, Lakewood Investment Group Limited Partnership

Outsourced Accountants and Bookkeepers

If you have the need for an accounting professional or bookkeeper on part-time or interim basis, Platinum CFO is your solution. Our team is available to assist you, as needed, for all of your daily requirements. If you need us onsite or virtual, we can set a schedule with you to make sure that all requirements and filings are on time and correct. You set the timetable and level of service, and we do the rest. Our outsourced accounting and bookkeeping services include, but are not limited to, the following:

  • Check writing and cash deposit services

  • General ledger maintenance

  • Reconcile bank and credit card accounts

  • Bill.com payables & receivables management

  • Payroll processing and supervision through your payroll provider

  • Customer invoicing and accounts receivable collections

  • Sales and use tax return preparation

  • Month-end closing procedures

  • Compiling data to provide you with accurate monthly financial statements

  • Year-end closing preparation and reporting

  • Compliance with the affordable care act and required filings

  • W-2 and 1099 filings

  • Functional expense allocations

Special Projects

At times all businesses have special projects that must be completed efficiently and correctly. When you do not have the available staff or level of expertise required, let us help you. We will meet with you, determine the assistance you need and complete the project for your review. At Platinum CFO, we have the industry experience and accounting knowledge you need to tackle any project. Our special project services include, but are not limited to, the following:

  • Assistance with preparing for financial statement audits, reviews and compilations

  • Design and maintenance of key business reports, including Key Performance Indicators (KPIs)

  • Prepare budgets and cash flow projections

  • Long-term sustainable profitability planning

  • Vendor, lender and investor management

  • Loan covenant compliance

  • Grant compliance

  • Workers compensation audit assistance

  • Assistance with internal audit preparation

  • Internal control analysis

  • Best practice recommendations

  • Cost cutting reviews

  • Prospective employee vetting

  • Risk assessment analysis

  • Month-end closing procedures

  • Compiling data to provide you with accurate monthly financial statements

  • Compliance with the affordable care act and required filings

  • Year-end closing preparation and reporting

  • W-2 and 1099 filings

  • Functional expense allocations

  • GAAP compliance

  • Job cost reports

  • Tenant revenue reporting & landlord pass through billing

Do You Have Questions?

Services can fall within multiple levels of expertise. It can depend on the size of your company, the frequency of the service and whether the service is ongoing or a special project. Still not sure? No problem, we are only a phone call or email away from helping you make the right decision.