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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