One financial picture. Maintained.
R² maintains the accounting, reporting, cash visibility and follow-through behind one dependable financial picture. Leadership sees what changed, what remains open and who owns the next step.
CPA-led. Built to work alongside your team or carry the agreed function.
You may recognize it in a meeting: the reports are complete, but a question about cash, performance or commitments still takes several people to answer.
Financial control is the system of records, responsibilities, reviews, evidence and decisions that makes financial information dependable. Managed Financial Control is R²’s ongoing relationship for keeping that work connected as your organization changes.
Bringing the financial picture together becomes a shared, organized responsibility rather than another task left with leadership.
Each month, you receive the reporting, an explanation of what changed and clear ownership of anything unresolved. A one-page brief brings the findings and next steps together for discussion.
Illustrative Monthly Financial Control Review
The relationship is built around the responsibilities we agree to maintain:
Can leadership rely on the numbers?
Accounting maintenance, reconciliations, accruals, monthly close and supporting balance schedules.
Where is value being created or lost?
Management financial statements, budget-to-actual reporting and results by entity, location, program, project or contract.
What is available, and what is already committed?
Cash forecasting, receivables and payables visibility, and tracking of payroll, debt, tax and other commitments.
What has been earned, billed and collected?
Revenue reconciliation, billing and receivables reconciliation, collections visibility and coordination with operating systems.
What remains open, and who owns it?
Close calendars, responsibility assignments, review procedures, supporting evidence and tracking of unresolved matters.
Accounting software can automate transactions, reconciliations and reporting. Reports can still disagree when connected systems use different definitions, transactions fall into different periods, or costs are assigned inconsistently.
Managed Financial Control provides the recurring work behind dependable reporting: reconciling records, resolving discrepancies, reviewing results and maintaining clear responsibility for follow-through. Leadership can see what the numbers support and which issues still need attention.
The recurring review includes explaining results, discussing their implications and following up on unresolved matters. When a question requires substantial additional analysis, we agree that work with you separately.
Every engagement begins by agreeing who owns what. The exact division is written into the scope.
R² can manage the agreed finance function, work alongside an internal controller or accounting team, or take responsibility for a defined part of the financial work. We begin with your existing systems. If replacement or redesign is needed, we scope that work separately through Establish Control.
You should be able to bring us a question before you have worked out exactly how to ask it. We will work through it with the people closest to the issue, explain what we find and make clear what happens next.
These decisions affect employees, investors, funders, customers and the communities an organization serves. The financial work should reflect the seriousness of those commitments.
We start with the records, systems and reconciliations you already have. We tell you what can be relied on, what needs attention and what must be fixed first.
We agree who is responsible for what, when the close happens and how open matters will be reviewed. After the first close, leadership receives the review and walks through it with us.
After the first close, the work settles into the agreed monthly rhythm. If repair is needed first, we agree on the work and sequence before the first full review.
Managed Financial Control reviews what changed, assigns ownership to unresolved matters and preserves the resulting evidence and decisions for the next reporting period.
Review
Resolve
Preserve
Review
Resolve
Preserve
The next review begins with more of the picture already understood.
A tax, capital or governance question often surfaces through the monthly work. Because the record is already organized, the conversation begins with the decision rather than a reconstruction of the past.
Tax Strategy & Compliance Strategic CFO Advisory Risk & Governance
The details differ, but the need is the same: financial information that reflects how the organization actually works.
“How much of this funding is available after the commitments and conditions attached to it?”
Connect the financial record with contract or grant reporting, labor costs, billing and upcoming obligations.
“The group has cash. Which entity holds it, and what is already committed?”
Bring entity balances, intercompany activity, project spending and financing obligations into a picture leadership can use.
“Overall results look reasonable. Which locations or programs are supporting them?”
Connect revenue, labor, shared costs and collections so differences between operating units can be understood.
Managed Financial Control is usually the right fit when the financial picture has become too connected to manage in pieces.
Several parts must be understood together.
Entities, locations, contracts, systems or teams each hold part of the financial story.
Leadership needs more than completed accounting.
They need to know what can be relied on, what remains unresolved and what deserves attention now.
Someone needs to stay with the whole picture.
Open matters need owners, decisions need evidence and the next review needs to show what changed.
Sometimes, the right answer is to begin somewhere else.
If the records first need repair or the systems need to be reconsidered, we begin with Establish Control. If transaction entry is all the organization needs, we will say that plainly too.
Based in McLean, Virginia, and working with organizations across the United States.
We scope the relationship around the responsibilities R² will assume, the entities and systems involved, and the review rhythm leadership needs. R² provides a written scope, defined responsibilities and a fee before you decide whether to proceed.
That is common, and not a reason to wait. The first weeks establish what can be relied upon. If the records need repair first, we will say so and propose that work.
The work can overlap. R²’s Managed Financial Control relationship makes the agreed responsibilities, supporting evidence, unresolved matters and next actions explicit, then reviews them with leadership each month. We can assume the agreed responsibilities or work alongside an existing controller and accounting team.
You do not need to know exactly what the relationship should include. Tell us what has become harder to rely on, and we will tell you directly whether Managed Financial Control is the right next step.
A senior member of our team reviews your message and helps determine where the work should begin.