Cendrowski Corporate Advisors provides Family Office back office support services that permit business owners to concentrate on their core operations, minimizing administrative costs and ensuring data integrity.
Transferring responsibility for these activities to a back-office support team prioritizes timely and accurate information, allowing Family Offices, including business owners and entrepreneurs, to:
- Focus on philanthropic efforts and company operations
- Assimilate all necessary information for company leaders, reducing the need to “chase information”
- Increase Family Office and business owner confidence in financial reporting and portfolio company valuation
- Streamline financial transactions and facilitate third-party control on the movement of funds
Back Office Support Services
Businesses and families call on Cendrowski Corporate Advisors for a wide range of back-office support services, including:
- Financial Reporting: Detailed financial reporting, including profit and loss statements, balance sheets, and tax returns
- General Accounting: Bookkeeping functions, posting journal entries, account reconciliations, preparation of financial statements, and management of operating cash
- Capital Accounting: Tracking cash flow, maintenance of investor accounts, and calculations and tracking of distributions
- Tax Strategy, Planning, and Preparation: Tax strategy and consulting, including IRC 1202/small business stock gain exclusion, and tax representation, when needed
- Business Valuation: ASC 820 compliant business valuations (formerly FAS 157) for tax strategy, sale, purchase, and other requirements
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