Case Study:
Converting From Cash to Accrual Basis Accounting.
Forward Health Group (FHG) helps health care providers improve outcomes via population health management through its PopulationManager data visualization and analytics. Fine Point Consulting began working with Forward Health in late 2015 to serve most of their accounting processes including payroll, receivables, payables, and financial reporting. As a partner in helping them grow their business, Fine Point also helped convert their accounting from a cash basis to the more-common accrual basis and guided the development of accrual reports for board members and investors. The shift to accrual accounting not only provides Forward Health with a more accurate picture of their company’s financial health, but also allows them to respond quickly company revenue and expense trends and prepare for the future, whatever it may bring.
We have been particularly pleased with Fine Point’s diligence, technical competence, and responsiveness as we made the shift from cash to accrual based accounting. Their involvement and continued work has allowed FHG to focus and refine our financial processes with greater speed and efficiency as we rapidly expand our business.
– Charlie Sloan, Forward Health Group
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