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Accounting Transition and Finance Infrastructure Analysis

Sikich

Nov 30 2022

1 min read

CLIENT BACKGROUND

A sparkling water energy drink focused on providing consumers with a healthier way to obtain energy while removing all the negative sugars and caffeine sources usually associated with “pick me up” drinks.

Overview

New to the market, the company looked to implement a new financial system – from chart of accounts creation to high-level reporting and financial/operational process implementation –to gain a grasp on the working capital-intensive decisions needed to propel growth.

Our Approach and Results

The team’s tasks included the following:

Created and managed entirely of accounting operations (chart of accounts, invoicing, vendor management, month-end close, financial statement preparation, etc.)
Used systems such as Expensify, Bills.com, QuickBooks, and Gmail to manage the company’s day-to-day accounting operations in a streamlined fashion.
Designed a financial package tailored to the company, reporting KPIs that are crucial to understanding the business such as working capital planning and analysis.
Implemented and documented operational processes for each system used in day-to-day activity.

The experience described in this case study was performed by Accelerated Growth, a company acquired by Sikich LLP on 11.30.2022. Please click here for more information about our Outsourced Accounting Services.

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About the Author

Sikich

Sikich is a global company specializing in technology-enabled professional services. With more than 1,900 employees, Sikich draws on a diverse portfolio of technology solutions to deliver transformative digital strategies and is comprised of one of the largest CPA firms in the United States. From corporations and not-for-profits to state and local governments and federal agencies, Sikich clients utilize a broad spectrum of services* and products to help them improve performance and achieve long-term, strategic goals. *Securities offered through Sikich Corporate Finance LLC, member FINRA/SIPC. Investment advisory services offered through Sikich Financial, an SEC Registered Investment Advisor. 