When providing financial statements to banks, agencies, and third parties, companies want to put their best foot forward, avoiding embarrassing and public mistakes in financial reports. Controllers are experienced accountants and experts in compliance and historical recordkeeping.
We provide Controller services supporting clients to ensure the month-end close process runs smoothly, financial reports are delivered on time, balance sheet accounts are reconciled, and accrual entries are posted accurately. Our Controllers partner with clients to provide oversight
, and guidance. We provide the comfort and confidence of having an expert on your team, so you can sleep at night.
You have it all wrong. GAAP compliance
GAAP compliance can slip under the radar of business owners before financial statement audits are required. It is a vital part of providing quality financial statements to banks and other organizations. We work with clients to adopt common GAAP standards for quality financial statement preparation.
Don’t forget about me. Accruals
In order to comply with GAAP, adjustments for revenue that have been earned and expenses that have been incurred, yet not recorded in the general ledger, must be calculated and recorded. These accruals are made via adjusting journal entries at the end of each accounting period, so the reported financial statements are inclusive of these amounts.
Building to the finale. Month-end close
Monthly freeze-frame. We perform a series of scripted steps to review, record, and finalize account information in preparation for issuing financial statements. This ensures accounting data is organized, accurate, and all transactions for the monthly period are captured.
Keeping the balance. Reconcile general ledger accounts
Through repeatable and scalable processes, we ensure all balance sheet accounts and sensitive income statement accounts are reviewed and reconciled routinely to maintain the integrity of the general ledger.
Just the facts. Financial reports
We provide relevant financial reporting to include the basic three financial reports: Balance Sheet, Income Statement, and Cash Flow Statement. Metrics and customized reporting are also provided to highlight the information most important to each of our clients.
What are covenants and why is the bank asking me for them?
A loan covenant is a condition in a commercial loan or bond issue that requires the borrower to fulfill certain stipulations and meet ratio requirements. A loan covenant may also forbid the borrower from undertaking certain actions, like taking cash distributions unless conditions are met. We help calculate, track, and report loan covenant information and ratios to our clients and their banks.
One size does not fit all. The abacus is no longer an option.
Accounting systems. Have you outgrown your current accounting system? Manual workarounds are time-consuming and insufficient for management decision making. We help define requirements, evaluate available system options and make the best choice. With deep expertise in a number of systems, we quickly understand and outline the benefits of each option. The best solution meets business needs now and for the future without overcomplicating processes or overspending.
Post selection. We support clients throughout new system implementations by providing project management, system testing, additional staffing, and configuration services. We’re here to help.
Sales come at a cost. Sales tax and reporting
Sales tax is complicated
, and the rules are changing at a rapid pace. States are enforcing strict requirements that impact most businesses and make old sales tax processes obsolete. The good news – implementing the right sales tax procedures will reduce costly risks and can save your company thousands of dollars each year. Our sales and use tax services solve your unique pain points, from nexus exposure and compliance burdens to overpaid or underpaid sales tax and audit risks.
"Jennifer was excellent and very knowledgeable on GovCon accounting. Highly recommend."
"We have worked with CPA's for our businesses for many years. Jennifer Eubanks is awesome."
"Very dependable, professional, and responds timely."
"CPA Department is extremely customer-driven."
"Jennifer and her team are the best of the best! They truly understand the needs of their clients and perform always with professionalism and courtesy. I highly recommend them!"
"Thank goodness we have found professional, courteous, helpful and well priced accountants to help us with the mess our books were in to putting processes in place to provide successful future accounting."
"Best CPA firm! They are efficient and always on top of tax regulations and laws. I used them for the last four years and have been extremely pleased with their customer service and professionalism."
"Two years ago, my CPA retired and suggested I go to Jennifer Eubanks. I have been delighted with her work! I highly recommend CPA Department."
"My firm started using CPA Department from day one. I can attest that they have reduced the risk of many pitfalls we faced during our first few years. They continuously provide executable solutions to ensure our books and processes are inline and compliant. All this expertise at reasonable costs and great customer service."
"CPA Department helped me out of a very sticky tax problem created by the neglect of a former accounting firm. I have nothing but the highest praise for this firm and the people working there. My ongoing experience is just as positive."
"Great, personal service - a trusted partner"
"We could not be more pleased with the service we have received from CPA Department. It is our one-stop shop for all of our financial business needs. Jennifer leads her team to provide ethical and timely financial and regulatory compliance guidance for our government focused practice and we have recommended her firm widely. Thank you for all that you do! Your dedication to helping us remain compliant, set and meet our goals, and scale for growth is directly correlated with our continued success."
"Jennifer is a trusted accountant and adviser. Her work ethics is second only to her expertise. Jennifer’s sense of resolve is perhaps the most telling… meticulous, persistent, and assertive comes quickly to mind. CPA Department has my highest recommendation."
"The CPA Department provides meaningful and actionable expertise related to preparing for DCAA audits, prepares winning pricing proposals, and provides overall strategies for small government contracting businesses to succeed."
"This firm is terrific, I have worked with Jennifer Eubanks several times, and her firm provides first-class accounting support at very reasonable rates."