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Month-End Close
ESSENTIAL
GROWTH
EXECUTIVE
FRACTIONAL CFO
Setup and modify chart of accounts and items as needed
✔
✔
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Reconcile all bank and credit cards
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Accrual Basis: Revenue
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Accounts Receivable review
✔
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Accrual Basis: Expenses
Payroll only
✔
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Accounts Payable review
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Intercompany allocations of shared resources (Payroll, Purchases)
Recurring transactions only
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Monthly Inventory
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Fixed Assets Purchases
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Fixed Assets Depreciation
Annual
✔
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Bills and major purchases recorded on item-level
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Intercompany accounts reconciliations
Annual
Quarterly
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Cash-on-hand reconciliations
Annual
Quarterly
✔
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Prepaid and accrued expenses reconciliations
Annual
Quarterly
✔
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Loans' reconciliations (SBA, Vehicles, Notes Payable)
Annual
Annual
✔
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Financial Statements
ESSENTIAL
GROWTH
EXECUTIVE
FRACTIONAL CFO
QBO preliminary reports (by the 5th business day of each month)
✔
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QBO management reports (by the 15th of each month)
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Submission of monthly QBO reports (by the 25th of each month
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Custom (Excel) P&L reports per clients needs
Up to 2 a month
✔
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Custom (Fathom) reports with custom KPIs
✔
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Custom franchise specific KPIs
✔
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Business Analytics
ESSENTIAL
GROWTH
EXECUTIVE
FRACTIONAL CFO
Benchmarking available
# of tickets
✔
✔
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Consolidated (Fathom and/or Excel) reporting
✔
✔
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Payroll
ESSENTIAL
GROWTH
EXECUTIVE
FRACTIONAL CFO
Calculation of in-store tips per employee
Optional
Optional
✔
✔
Payroll processing from CLOSED WhenIWork periods
Optional, $50 per payroll
Optional, $50 per payroll
✔
✔
Payroll runs a month
Up to 5 a month
Up to 5 a month
Unlimited
(fees apply)
Unlimited
(fees apply)
Collaboration with client-designated manager or new hires' onboarding
✔
✔
Client retains responsibility
Client retains responsibility
Annual work comp audit
Optional, $250
✔
✔
Optional, $250
Payroll provider evaluation and migration
Optional, year-end only
Optional, year-end only
Included, year-end only
Included, year-end only
Incentive plans calculations
Optional
✔
✔
Human Resources
ESSENTIAL
GROWTH
EXECUTIVE
FRACTIONAL CFO
Research of benefit compliance
Optional
✔
✔
Coordination and setup of benefits via HR provider
Optional
Optional
✔
Hiring and onboarding support
Optional
Optional
Optional
Spending Management
ESSENTIAL
GROWTH
EXECUTIVE
FRACTIONAL CFO
Guidance on the tech stack, process and setup syncs with QBO
✔
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Approval workflows and budgets
✔
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Bill pay processing
Optional
✔
Employee reimbursements (Non-Payroll i.e, Divvy or Ramp)
Optional
✔
Budgeting & Forecasting
ESSENTIAL
GROWTH
EXECUTIVE
FRACTIONAL CFO
Cash Flow (short term)
Weekly, up to 4 weeks
Weekly, up to 4 weeks
12-month forecasting
✔
✔
What-if scenarios forecasting
Optional
✔
Compliance
ESSENTIAL
GROWTH
EXECUTIVE
FRACTIONAL CFO
Sales Tax
✔
✔
Optional, $50 per filing
Optional, $50 per filing
Property tax returns
Optional, $250
Optional, $250
Optional, $250
✔
Excise/Gross receipts tax returns
Optional
Optional
Optional
✔
1099 reporting
✔
Optional, per-unit fee
Optional, per-unit fee
Optional, per-unit fee
Advisory Service
ESSENTIAL
GROWTH
EXECUTIVE
FRACTIONAL CFO
Resource planning as needed
Optional
Optional
Optional
Business insurance
Optional
Optional
✔
Donations/Tip credit, etc.
✔
✔
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S Corp accountable plan study
Optional
Optional
Optional
S Corp owner's comp compliance study
Optional
Optional
Optional
Compliance
ESSENTIAL
GROWTH
EXECUTIVE
FRACTIONAL CFO
Federal - Partnership (1065)
Optional
Optional
Optional
At cost
(filing fee)
Federal - S Corp (1120 S)
Federal - C Corp (1120)
Optional
Optional
Optional
Optional
Optional
Optional
At cost
(filing fee)
At cost
(filing fee)
State-level business returns
Optional
Optional
Optional
At cost
(filing fee)
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