Managed Accounting

Whether you’re a business in need of core accounting assistance, expertise to bridge a financial management gap or high-level strategic guidance to lay the foundation for accelerated growth and sustainable success, MFA can help. Through our cross-functional business, finance and accounting expertise, we provide tailored yet fluid solutions that deliver the financial intelligence you need to make meaningful, strategic decisions that drive business performance.

You focus on growing the business while we work to get you timely, accurate and meaningful financial information that gives you the true economic picture of your business. But we don’t stop there. We’ve got the skills and expertise to help you improve financial and operational efficiency, manage complexity and mitigate financial risk throughout each phase of the business growth process.

 

 

Financial Insight, Intelligence and Expertise to Support Business Growth

MFA’s Managed Accounting Services are designed to grow with you. As your business evolves in financial complexity, our service packages are comprehensive, flexible and designed to scale in order to deliver the precise skills and experience when and where you need it.

 

 

Onboarding Activities

ESSENTIAL
ADVANCED
STRATEGIC

Overall accounting function assessment

Development of strategic onboarding plan

 

Financial Reporting Package

ESSENTIAL
ADVANCED
STRATEGIC

Preparation and review of monthly or quarterly financial statements:

  • Balance Sheet
  • Income Statement
  • Cash Flow Statement (optional)

Key financial metrics

Observations, feedback & recommendations:

  • Fluctuations in balance sheet and income statement
  • Adjustments to chart of accounts and trial balance
  • Accounting practices, processes and controls

 

Accounting Services

ESSENTIAL
ADVANCED
STRATEGIC

Bank reconciliations

Review of third-party billing solution transactions (where applicable)

Review and record point-of-sale retail activity (where applicable)

Account reconciliations and adjustments (inventory, prepaids, deferred costs, fixed assets, intangibles, accrued expenses, deferred revenue, debt, lease obligations, etc.)

Payroll reconciliation and adjustments

Multiple entity consolidation assistance

 

CFO Services

ESSENTIAL
ADVANCED
STRATEGIC

Cash flow projections and analysis

Budget assistance (budget/actual and budget/forecast)

Debt covenant calculations

Development/tracking of key performance metrics

Managed Accounting - Essential Level

ESSENTIAL

The Essential Level Includes:

  • Financial Reporting Services:
    • Preparation and review of monthly or quarterly financial statements:
      • Balance Sheet
      • Income Statement
      • Cash Flow Statement (optional)
    • Key financial metrics
    • Observations, feedback & recommendations:
      • Fluctuations in balance sheet and income statement
      • Adjustments to chart of accounts and trial balance
      • Accounting practices, processes and controls

 

Managed Accounting - Advanced Level

ADVANCED

The Advanced Level includes all Financial Reporting Services from the Essential Level, PLUS:

  • Accounting Services
    • Bank reconciliations
    • Review of third-party billing solution transactions (where applicable)
    • Review and record point-of-sale retail activity (where applicable)
    • Account reconciliations and adjustments (inventory, prepaids, deferred costs, fixed assets, intangibles, accrued expenses, deferred revenue, debt, lease obligations, etc.)
    • Payroll reconciliation and adjustments
    • Multiple entity consolidation assistance

 

Managed Accounting - Strategic Level

STRATEGIC

The Strategic Level includes all Financial Reporting Services and Accounting Services from the Essential and Advanced Levels, PLUS:

  • CFO Services
    • Cash flow projections and analysis
    • Budget assistance (budget/actual and budget/forecast)
    • Debt covenant calculations
    • Development/tracking of key performance metrics

 

 

What MFA’s Managed Accounting Services Can Do For You

  • Improve the quality and timeliness of your financial reporting
  • Supply you with precise financial data necessary to support tax planning and related tax filing requirements
  • Provide access to professional accounting and financial expertise on a regular basis
  • Preserve your cash for investing in value-generating assets rather than a costly CFO/Controller hire
  • Give you real-time visibility into your business’s performance
  • Better equip you to make strategic business decisions
  • Offer you more time to focus on strategic issues and business growth instead of building and managing an accounting department

 

 

Let’s Connect

Please reach out to learn more about how MFA can assist your business in managing your unique financial needs.

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