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CFO BUSINESS GROWTH SOLUTIONS
CFO Business Growth Solutions, LLC, provides interim CFO, part time CFO, outsourced accounting and bookkeeping services to emerging and middle market companies across various industries.
Contact Us
CFO BUSINESS GROWTH SOLUTIONS
CFO Business Growth Solutions, LLC, provides interim CFO, part time CFO, outsourced accounting and bookkeeping services to emerging and middle market companies across various industries.
Contact Us
CFO BUSINESS GROWTH SOLUTIONS
CFO Business Growth Solutions, LLC, provides interim CFO, part time CFO, outsourced accounting and bookkeeping services to emerging and middle market companies across various industries.
Contact Us
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About Us

Primary areas of expertise include financial management, operational reporting, cost control, project management, process improvement, change management, forensic analysis, information technology systems, and tax-advantaged, insurance-based products. 

Members of our team are Big Four CPAs, MBAs, and senior-level, industry-specific professionals with at least 15 years of experience. Every client is different, and we customize our services to meet your unique requirements.

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Services

CFO
Consulting
We specialize in strategic business and financial planning, enhancing day-to-day operations and providing transition management.
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Accounting & Bookkeeping
We offer a wide range of staffing capabilities from data entry specialists, full charge bookkeepers, controllers, CFO’s and MBAs. Our services bolster your in-house staff when the workload is high . .
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MRI® and Yardi® Accounting & Custom Reporting
Quickly fill staffing gaps with fully trained contract labor experts in MRI® and Yardi®. Our team seamlessly integrates into your existing workflow, ensuring your . . .
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Transactional Advisory, Reporting and Cost Savings
Empower your decisions through data consolidation and predictive models. Reduce audit costs by significantly decreasing the need for external . . .
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Business
Restructuring
Designed to guide companies through periods of transition. We offer customized plans to realign organizational structures, optimize processes, and enhance . . .
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Business Intelligence & Audit Automation
Transform your data to identify revenue opportunities by correlating non-financial, social media and customer data. Make more informed decisions on marketing spend . . .
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Industries

Real Estate Management & Development
Improve additional rent computations, budgeting, forecasting and lease abstraction. Establish job costing tied to construction milestones to monitor project timeliness and budget adherence.
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Casino & Hospitality
Strengthen or restructure accounting capabilities. Transactional services provide supplemental comparative data reviews. Dashboards with automated email alerts provide lenders, private equity and investors with the ability …
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Restaurant & Food
When qualified bookkeeping labor is scarce, we offer scalable full-charge bookkeepers and 24/7 access to financial statements and paperless storage for easy document retrieval. Recipe costing, essential for menu engineering, is also available.
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How can we help you?

To discuss how we can help your business
achieve its potential, please

Schedule a Call

Elevate Your Financial Performance

We specialize in providing CFO and operational accounting staffing services tailored to the unique demands of the real estate, hospitality, and gaming sectors. Our industry specific professionals are dedicated to realizing your management objectives. Here is how we can help you achieve your goals.

Support the office of
the CFO

Reporting transparency for
insightful decisions

Automating processes infused with artificial intelligence

Schedule Call

Tailored Accounting Solutions

We offer a strategic and comprehensive approach to addressing immediate financial concerns while strengthening your accounting, organizational, and capital structures. Our mission is to deliver actionable, industry-specific solutions tailored to meet your unique objectives such as:

  • Accounting Department Support: If your accounting has fallen behind, we collaborate closely with your CFO to quickly bring activities up to date.
  • Financial Distress Solutions: For companies facing financial challenges, we provide detailed analysis, insightful reports, and financial modeling to develop effective turnaround strategies and capital restructuring plans.
  • Profitability & Reporting Enhancement: We identify inefficiencies, uncover cost savings, and discover revenue opportunities to enhance your profitability.
  • Advanced Accounting and Analysis: For businesses aiming
    to elevate their accounting and analysis, we offer proactive
    solutions that shorten closing cycles, provide actionable
    information and reduce audit fees.

Selected case studies with improved
profitability and procedures

Significant errors and tax savings overlooked by the previous accounting firm


Findings:
Identified errors include incorrect accounting of 1031 transactions, leading to income overstatements for several years, as well as unresolved suspense and out-of balance intercompany accounts. Additionally, improvements were depreciated over an unnecessarily long period, increasing current taxable income.

Solution:
These issues were brought to the attention of the current accountants for correction.

Financial reporting generating incorrect results cumbersome accounting structure


Findings:
The chart of accounts was not sequenced in a format conducive to report writing. Hundreds of individual general ledger accounts were used instead of project accounting, along with an excessive number of unnecessary bank accounts.

Solution:
The underlying accounting system was revamped to conform with BOMA and construction industry standards. Entity tables were set up to automate intercompany processing and reduce the number of bank accounts

Significant leakage in the food & beverage dept


Findings:
Premium bottled beer being sold to guests at tables for cash but rung up at lower domestic beer price at the register. Staff are pocketing the price difference. Restaurant cashier applying no show prepaid breakfast checks to active customers who pay their checks in cash.

Solution:
Implement an F&B inventory module with POS integration to automatically reduce stock and generate analytical reports. Conduct surprise spot counts with disciplinary action for discrepancies.

Construction project without adequate job cost accounting


Findings:
A multi-hundred-million-dollar redevelopment project was managed with spreadsheet downloads, causing reporting delays and inadequate tracking of change orders, timelines, and budget impacts.

Solution:
Activated job cost features in the management software, aligned categories with AIA billing, and integrated accounts payable to track contractor payments and budget changes. Attended construction meetings to gather budget variance information and assess potential warranty exposures.

Casino slot hand pay fraud


Findings:
An excessive number of hand pays were generated, revealing that slot attendants used the same credentials to open machines. Cashier payouts lacked proper signatures, and system security rights were compromised.

Solution:
The investigation uncovered collusion between departments. Slot attendants were issued personalized machine access cards to improve accountability. System controls and access card usage were monitored and cross-referenced with payroll time and attendance records to ensure that only authorized attendants were working, making it easier to verify the actual person responsible.

Management vs Financial and Reliance on Spreadsheets


Findings:
While financial and tax reporting systems were automated, management was left struggling. They relied heavily on time-consuming spreadsheets, manually pulling data from various sources. This led to outdated and inaccurate information, hindering effective decision-making.

Solution:
A reporting tool was introduced, overlaying existing information systems, to provide real-time, customizable data for informed decision- making. This boosted efficiency and transparency, fostering a data-driven culture.

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