Put Your Financial Data to Work

Using tools like Sage Intacct to collect data and create informative reports, today’s CFOs are able to provide faster and more detailed insights into the factors that affect company performance. Financial and operational reporting allow businesses and organizations to track, measure and utilize data more effectively and efficiently than ever before possible.

For those companies that lack the personnel to produce and profit from your financial information, Lescault and Walderman offers startup and growth CFO financial and operational reporting services.

When it comes to financial and operational reporting, timely information is critical. Management is unable to make effective decisions based on outdated data. When businesses neglect the reporting process and reduce it to a quarterly afterthought, they are seriously limiting their prospects for long-term success.

We work with our clients to determine both the ideal type and frequency of reporting to ensure that management is aware of the true financial position of the company at any given time. This provides financial intelligence and delivers performance insight that allows for more agile and efficient operations.

Facing Reporting Challenges

Starting with the general ledger, our team of financial experts work to assess current accounting processes and make sure all transactions, budgets and operational measures are properly captured and tracked up front. This ensures access to data that drives business success.

We work hard to address the challenges associated with:

• adopting and complying with universal standards
• properly recognizing revenue (including unofficial earnings)
• fair asset valuation
• accurate cost accrual accounting
• maintaining a long-term financial outlook

Our Reporting Process

Once the accounting process has been verified, LWI CFOs work with in-house accounting personnel to:

• Review COA
• Review accounting processes: Budget, G/L, A/R and A/P (including period closing)
• Help to identify Stakeholders and what data needs to be presented
• Determine reporting standards
• Identify Key Performance Indicators
• Prepare necessary reports and charts
• Review software effectiveness
• Optimize related accounting systems

Typical Financial Reports

Using verified data, LWI works to compile and prepare concise, useful reports on a monthly, quarterly and/or annual basis depending on specific client needs and our recommendations.

Typical financial reports include:

• Income Statements by department/location/entity
• Industry comparison reports
• Forecasting
• Price point analysis
• Budgeting
• Cash-Flow Statements

The above-mentioned reports include valuable information such as budget variances, historical averages, period comparisons, and departmental or functional highlights.