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Accounting Advisory Services

Accounting
Co-Sourcing Services

Cherry Bekaert provides tailored accounting co-sourcing services to address your corporate accounting, operational accounting and financial reporting needs.  

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Achieving Success Through Collaborative Accounting Solutions

Cherry Bekaert’s Accounting Advisory Services offer a tailored co-sourcing model to address your accounting, operational, and financial reporting needs. Our team of experienced and qualified resources can help you reduce costs, drive efficiency, better manage organizational risk, and improve the quality of your financial reporting, forecasting and KPIs. By augmenting your in-house capacity and capabilities, you can increase the speed and accuracy of financial data analysis and reporting and drive growth for your business.

Industries We Serve

Our experienced professionals provide a wide range of accounting and financial reporting services, including technical accounting research and accounting standard implementation, financial statement preparation and analysis, assistance with financial close and operational accounting processes, internal controls assessment and remediation, accounting policy development, assistance with SEC reporting requirements, financial due diligence for M&A transactions, assistance with IPO readiness and preparation, financial modeling and analysis, and budgeting and forecasting, accounting technology (ERP) enablement, AI and automation readiness.

Our flexible and scalable approach is customized to meet the unique needs of your business. We work closely with you to understand your objectives and develop a plan that aligns with your goals. Our commitment to delivering high-quality services that exceed expectations and add value to your organization sets us apart.

“Corporate accounting faces the challenges of doing more with less budget and resources. At the same time, recruiting and retaining accounting talent has never been more challenging. An effective co-sourced provider can provide the right expertise at the right time and be a strategic advisor for increasing the accounting process and technology efficiency and productivity, as well as aligning with the organization's strategy and objectives.”
Chase Wright
Partner | Accounting Advisory Services Leader

Results-Driven Benefits of the Co-Sourcing Model

Co-sourced accounting can offer several benefits to businesses, including a flexible and cost-effective way to manage their financial operations, improve their financial performance, and reduce their risk exposure.

  • Measurable Cost Savings

    Saves money by reducing the need for in-house accounting staff. Instead, businesses can outsource certain accounting functions to a co-sourcing provider, which can help reduce overhead costs associated with hiring and training new talent.

  • Network of Specialized Experience

    Provides highly skilled and experienced professionals who can provide specialized accounting services that may not be available in-house. This can help businesses improve their financial reporting and forecasting—leading to better decision-making.

  • Value-Driven Scalability

    Scales up or down accounting capabilities depending on the needs of the business, project or requirement. This can be particularly beneficial for businesses that experience seasonal or cyclical fluctuations in demand for accounting services.

  • Operational Efficiency

    Helps businesses streamline their accounting processes, reducing the time and effort required to manage financial operations. This can free up time and resources to focus on other core business activities.

  • Enhanced Risk Management Practices

    Mitigates financial risks by providing trusted advice and guidance on compliance issues, internal controls, policy and procedures, and fraud prevention.

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Is Co-Sourcing the Right Fit for Your Company?

Understand the advantages of the co-sourced accounting model.

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Accounting Co-Sourcing Offerings

Accounting Services

  • Accounting Reconciliations & Remediation
  • Closing Adjustments & Reporting Maintenance
  • Training for Controllers

Financial Statement and ESG Reporting

  • Financial Reporting for a Nonpublic Entity
  • SEC Reporting
  • Special-Purpose Financial Statements/Footnotes
  • ESG Reporting
  • Monthly Reporting Package Support (GAAP or Non-GAAP)

FP&A and Strategic Priorities

  • Financial Covenant Oversight
  • Budget & Forecasting Preparation
  • Budgeting Oversight & Report Design
  • Variance Reporting & KPI Development
  • Cash Flow Modeling Assistance
  • Cash Flow Benchmarking

Post-Acquisition PMO and Assistance

  • Digital Integration Tools & Monitoring
  • Business Process Training & Change Management
  • Monitor Progress & Reporting
  • ERP Accounting Module Setup

Post-Transaction Private Equity Services

  • Opening Balance Sheet & Post-Closing Assistance
  • Lender & Investor Reporting
  • Portfolio Company Accounting & Financial Reporting Assistance
  • Audit Assistance
  • Ad-Hoc GAAP & Financial Reporting
  • Accounting Strategy & Controllership PMO

Operational Accounting

  • Inventory Tracking & Process Improvement
  • Inventory Costing  

Accounting Services

  • Accounting Reconciliations & Remediation
  • Closing Adjustments & Reporting Maintenance
  • Training for Controllers

Financial Statement and ESG Reporting

  • Financial Reporting for a Nonpublic Entity
  • SEC Reporting
  • Special-Purpose Financial Statements/Footnotes
  • ESG Reporting
  • Monthly Reporting Package Support (GAAP or Non-GAAP)

FP&A and Strategic Priorities

  • Financial Covenant Oversight
  • Budget & Forecasting Preparation
  • Budgeting Oversight & Report Design
  • Variance Reporting & KPI Development
  • Cash Flow Modeling Assistance
  • Cash Flow Benchmarking

Post-Acquisition PMO and Assistance

  • Digital Integration Tools & Monitoring
  • Business Process Training & Change Management
  • Monitor Progress & Reporting
  • ERP Accounting Module Setup

Post-Transaction Private Equity Services

  • Opening Balance Sheet & Post-Closing Assistance
  • Lender & Investor Reporting
  • Portfolio Company Accounting & Financial Reporting Assistance
  • Audit Assistance
  • Ad-Hoc GAAP & Financial Reporting
  • Accounting Strategy & Controllership PMO

Operational Accounting

  • Inventory Tracking & Process Improvement
  • Inventory Costing  

Our Professionals

Connect With Us

Chase Wright

Accounting Advisory Leader

Partner, Cherry Bekaert Advisory LLC

Alex Wiley

Risk & Accounting Advisory Services

Director, Cherry Bekaert Advisory LLC

Kenneth Woodring

Accounting Advisory Services

Director, Cherry Bekaert Advisory LLC

Contact Our Accounting Advisory Professionals