CFOx recently provided financial reporting services to a private equity-backed HVAC services platform located in the Midwest.
Because the platform is highly acquisitive, consolidating the financials on a monthly basis became a difficult and time-consuming task. CFOx was engaged to create a financial reporting package that consolidated all the platform’s entities. The first step was to create a master Chart of Accounts that could be utilized across all entities. CFOx then mapped all the existing Chart of Accounts at each entity to the master list to create consolidated financials. The team also built out performance summaries so the platform’s management, investors, and lenders could quickly analyze financial performance and trends.
On a go-forward basis, CFOx will update the financial reporting package on a monthly basis for the platform.
CFO Services Provided:
- Financial Reporting