Accounting is the process of recording financial transactions pertaining to a business. Full Cycle accounting is the term used to describe the entire set of activities used to create the financial statements for a reporting period. This process is more than being compliant, it is about learning how you balance functions to scale.
The Full Cycle:
To close your books means making sure that all the pieces of information are accounted for so that the information provided in reports (such as a balance sheet and income statement) will be accurate for that period. Accounting is a tool you can use to evaluate the challenges, opportunities, and growth potential of your business.
This is the inspiration behind our business name: the full cycle of accounting. It is critical to understand each layer of the cycle which we will communicate to you with full transparency.
Here at Full Cycle CFO, we will review your trial balance, general ledger, reconcile balance sheet accounts, inventory valuation reports, transaction authorizations, and tie out your financial statements to each other.
We will optimize your accounting systems so you can start focusing on other business growth needs - what will be your next step towards your next business goal?