Monthly Reconciliation Services

What is the most important task that is constantly put on the back burner?

Answer: Balance sheet reconciliations
These include deposit accounts, bank reconciliations, prepaid accounts and payroll withholding accounts.

Almost every construction company we have dealt with puts this task off. When was the last time you reconciled the accounts on your balance sheet?

This is where most embezzlements are uncovered. In the past 12 months, we have seen or heard of more than one million dollars of theft. The largest was $280,000 taken over 3-4 years. Most of this was because the bookkeeper was allowed to reconcile the bank accounts.

For companies who use Master Builder, CFO on the go will reconcile the important balance sheet accounts, and we will provide the adjustments necessary to correctly reflect your current financial situation.

We provide each client a monthly checklist of what is needed. All of the items will be sent to us by a prepaid overnight package. CFO will then perform the reconciliations and when ready will request permission to sign into Master Builder to make the corrections in the actual database while you watch us. Or if you prefer, the adjustments will be sent to you with instructions to make the corrections yourself.

In addition we will also provide you with financial reports, charts key ratios and industry metrics that aren't standard reports in Master Builder. Included are cash metrics, our own "survivorability" ratio, a comparison to national averages for your company size and trade.

This service will be billed as a flat fee and billed quarterly. Call now for more information, samples and a quote.