Following a recent acquisition, a private equity-backed motorcoach rental company needed interim financial leadership while recruiting a full-time Controller. The organization also required enhanced reporting, stronger accounting processes, and greater visibility into performance during a critical post-acquisition period.
CFOx provided interim Controller leadership and fractional CFO services to stabilize and strengthen the company’s finance and accounting function. The team worked closely with management and investors to establish a financial infrastructure capable of supporting future growth.
As part of the engagement, the team coordinated the opening balance sheet process with an external valuation firm and recorded the necessary purchase accounting entries. They also developed and documented accounting policies, accrual methodologies, and balance sheet reconciliations to improve accuracy, consistency, and internal controls.
To provide management and investors with meaningful financial insights, CFOx designed a monthly reporting package that incorporated historical Quality of Earnings data. This gave stakeholders clear visibility into financial performance, operating trends, and key business metrics.
CFOx then developed the company’s 2026 budget and forecasting process, providing management and investors with a forward-looking view of performance and supporting more informed decision-making. The team also established a formal month end close process and executed monthly closes, creating greater efficiency and ensuring a consistent reporting timeline.
Additional improvements included refining the chart of accounts, implementing GAAP compliant accrual accounting for revenue and expenses, and strengthening multi state sales tax reporting. Together, these enhancements created a scalable accounting foundation aligned with private equity reporting requirements and positioned the company for long term growth.
If you would like to learn more about our CFO Services, please reach out via email (info@cfoxadvisory.com) or schedule a call directly on our Contact Us page.
Services Provided:
- Interim Staffing
- Opening Balance Sheet
- Financial Reporting Package
- Budgeting and Forecasting
