Financial Process Creation and Implementation
A sparkling water energy drink focused on providing consumers with a healthier way to obtain energy while removing all the negative sugars and caffeine sources usually associated with “pick me up” drinks.
New to the market, the company looked to implement a new financial system – from chart of accounts creation to high-level reporting and financial/operational process implementation –to gain a grasp on the working capital-intensive decisions needed to propel growth.
AG’s Approach & results
AG’s tasks included the following:
- Created and managed entirely of accounting operations (chart of accounts, invoicing, vendor management, month-end close, financial statement preparation, etc.)
- Used systems such as Expensify, Bills.com, QuickBooks, and Gmail to manage the company’s day-to-day accounting operations in a streamlined fashion.
- Designed a financial package tailored to the company, reporting KPIs that are crucial to understanding the business such as working capital planning and analysis.
- Implemented and documented operational processes for each system used in day-to-day activity.