Financial Services

Key Financial Services:

• Monthly Core Financial Services: Our team of financial experts, each with over 40 years of experience, performs accurate and timely month-end closes, while reviewing and enhancing your financial processes.
• Financial Health Check: We assess your current financial practices, ensuring everything from month-end closes to ledger reconciliation is handled correctly and efficiently.

Key Processes Covered:

• Month-End Closures: Comprehensive month-end financial closes, including capturing and posting of COS/WIP, running reports, and reconciling key ledgers such as Accounts Receivable, Accounts Payable, and Stock Status.
• Variance Analysis & Financial Statements: Ensure accurate reporting and analysis of your financials.
• Add-On Services: Includes quarterly forecasting, annual budgeting, upgrade coaching, and implementing periodic posting process enhancements.

Let CodaBears help you enhance your financial processes and unlock valuable insights with a Financial Health Check. Contact us today to learn more.

Let CodaBears' Monthly Core Financial Services take the burden off your team by ensuring your month-end financial processes are handled efficiently and accurately. With over 40 years of experience, our financial experts provide comprehensive support to keep your finances on track, from reviewing existing processes to producing accurate financial statements.

Key Features:

Experienced Financial Experts: Each team specialist has over four decades of experience, ensuring your financials are in expert hands.
Accurate Month-End Closures: We manage the entire month-end close process, from capturing and posting COS/WIP to producing detailed financial statements.

Services Included:

• Review Existing Month-End Processes: Ensure your current procedures are optimized for efficiency.
• Capture and Post COS/WIP: Manage cost of sales and work in progress postings.
• Reconcile Ledgers: Ensure accuracy across key accounts, including Accounts Receivable, Accounts Payable, Received Not Invoiced, Work in Process, and Stock Status.
• Address Inventory Issues: Resolve problems like zero-cost items in inventory.
• Variance Analysis: Identify discrepancies and ensure your financial data aligns with business goals.

Add-On Services:

• Quarterly Forecasts: Gain insights into future financial performance.
• Annual Budgeting: Develop a comprehensive, realistic budget to guide your business.
• Upgrade Coaching: Assistance with financial system upgrades.
• Periodic Posting Process Enhancements: Implement improvements for smoother postings.
• Statistical Accounting: Leverage statistical data to improve financial accuracy.

Ensure your month-end financials are managed with precision and professionalism. Contact CodaBears today for reliable financial support that keeps your business running smoothly.

CodaBears' Financial Health Check is designed to identify and address inefficiencies within your financial system. Our team of experts conducts a thorough investigation of your system to uncover areas for improvement, ensuring your financial operations run smoothly and provide the insights you need to drive business growth.

Key Areas of Improvement:

Product Costing and Inventory Valuation: Ensure accurate costing and valuation to improve financial clarity.
Increased Visibility into MFG-VAR: Gain deeper insights into manufacturing variances and absorption variance.
Multi-Site, Multi-Company, Multi-Currency: Streamline processes for businesses operating across multiple sites, companies, or currencies.
Intercompany Sales & Costing: Simplify and improve intercompany transactions and costing methods.

Comprehensive System Review:

Setup & Configuration: Ensure your ERP system is correctly configured for optimal financial performance.
Consolidated Financial Statements: Simplify reporting across multiple entities with consolidated financial statements.
Adjust Posting Rules: Customize posting rules to align with your business needs, offering more detailed transaction descriptions.

Additional Features:

Budgeting & Forecasting: Leverage your ERP system for accurate budgeting and forecasting.
Project-Based Organization: Set up your system to track margins and revenue by project, including POC (Percentage of Completion) and Revenue Recognition.
Aftermarket Revenue Tracking: Track revenue for aftermarket parts, warranty, installation, and service to maximize profitability.

Let CodaBears help you enhance your financial processes and unlock valuable insights with a Financial Health Check. Contact us today to learn more.