“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.