December 2, 2024
Condesa was engaged by a recently-launched marketing and personal branding agency seeking to formalize its financial operations into an accounting system and to create reliable projections of profitability and cash balances. At the time of engagement, the Client had been tracking all economic activity and supporting documentation within Google Sheets.
Our Firm began this engagement by immediately migrating 10 months of economic activity and supporting documentation into Quickbooks Online while iterating with the Client to determine and implement the appropriate Chart of Accounts to be used going forward. With this procedure complete, Condesa took ownership of all accounting processes going forward to ensure timely and accurate execution of Accounts Receivable, Accounts Payable and ongoing bookkeeping.
With all ongoing financial processes in order, Condesa created an monthly FP&A dashboard for the Client to create appropriate financial projections, monitor cash balances and to compare these projections against their actual monthly results. The Client was able to migrate quickly and comfortably into this consolidated FP&A dashboard.
Additionally, Condesa brought on our tax and legal partners to create a new tax-efficient structure for the business entity as well as the owners themselves. Condesa’s tax partners handled the Client’s LLC and personal income tax returns.
Services Provided:
- Fractional CFO
- Financial Planning & Analysis
- Accounting & Bookkeeping
- Accounting System (Setup)
- Tax & Legal Structuring
- Tax Return (Referral to Partner)
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