Articles & Alerts

Traditional outsourced accounting work includes bookkeeping, bookkeeping and more bookkeeping. However, Anchin’s Client Accounting Advisory Services (CAS) team knows that many businesses can benefit from the experience and expertise of industry-specialized accountants in more valuable ways.

Your business may not only need traditional outsourced accounting services, but also high-level financial and accounting support including budgeting, cash flow projections and performance tracking, as well as support for a variety of complex time-sensitive transactions.

Interested in learning more about specific ways CAS can help you grow your business?

Here are five ways you might not have known that CAS can help you:

Analyzing Business Performance and Planning for the Future

Some companies do not have the necessary personnel to maintain a clean and up-to-date set of books and records, let alone analyze current metrics. Anchin can review your historical financial information, and clean up and reconcile accounts that may not have been consistently or accurately maintained. We can also maintain the current books and records and provide insights into your financial information. We can assist you and your management team by analyzing your financial data and help budget, forecast, and strategize the immediate, short-term and long-term plans of your company. It’s Anchin’s mission to support management in decisions that drive business performance.

Preparation of Financial Statements

You may need to prepare financial statements for investors, banks, or for audits, or in contemplation of a business transaction. No matter what the need, financial statements are an integral part of the financial reporting model and need to be prepared with specific required disclosures under generally accepted accounting principles (GAAP). Furthermore, the financial statement preparation in conformity with Public Company Accounting Oversight Board (PCAOB) standards is even more stringent and requires in-depth financial reporting expertise and experience to meet the various complex reporting and disclosure requirements. Our CAS team can support your accounting team for this purpose on a one-time or ongoing basis.

Researching Complex Accounting and Financial Reporting Issues

Companies are regularly involved with complex transactions pertaining to revenue recognition, equity transactions/funding rounds, stock-based compensation and leasing arrangements. Accounting and reporting requirements related to these transactions can be complex, and understanding how to record them requires significant experience and expertise. Anchin can assist you in researching these complex issues and assessing their impact on your financial statements and operations.

Audit Readiness and Assistance

When preparing for an audit, management is normally taken away from running the day-to-day operations of the business to focus on finding records, supporting account balances and conforming the financial statements to GAAP. Anchin’s deep audit experience enables our understanding of what will be required by the external auditors. Knowing that seasoned audit professionals are preparing your company for the large task ahead provides a sense of relief and allows you to remain focused on the operations of the business.

Pre-IPO Services

Taking a company public can be one of the most challenging and rewarding events in the lifecycle of a business. The benefits can be significant – generating wealth for owners, increasing operating capital and market value, providing better access to the investment community and enhancing the market recognition and public profile of your enterprise. However, there are significant challenges associated with going public, particularly with respect to the complex historical financial statement reporting requirements required by the Securities and Exchange Commission (SEC). Because of the complex nature of the IPO process and the challenges involved, detailed and extensive planning is crucial for successful execution.

If you have any questions or inquiries regarding our CAS team’s advanced finance and accounting capabilities, please contact Anthony Carrella at [email protected].